Chang, Rosita P. 張平華

CCS Faculty and Director, 2006-2009

Financial Economics & Institutions
BusAd E602: 956-7592
Department: 956-6675
Fax: 956-8729

BA 1976, Mills College
MBA 1977, University of Pittsburgh
PhD 1982, University of Pittsburgh
CFA 1984, The Institute of Chartered Financial Analysts

Dr. Chang received her BA from Mills College in Oakland, California, and her MBA and Ph.D. from the University of Pittsburgh. Before joining the University of Hawaii, she was Professor of Finance and Director of the PACAP Research Center at the University of Rhode Island.

Dr. Chang’s research has been published in Journal of Finance, Journal of Risk and Insurance, Journal of International Business Studies, Journal of Business Finance & Accounting, Financial Management, Journal of Financial Services Research, Research in Finance, Financial Review, Pacific-Basin Capital Markets Research and Pacific-Basin Finance Journal. Her current research interests include issues related to Asian capital markets, mutual funds and market microstructure. She has conducted commissioned studies for international institutions such as the Organisation for Economic Cooperation and Development (OECD), United Nations Industrial Development Organization. She also has done research projects for the Securities & Futures Commission of Hong Kong, the Kuala Lumpur Stock Exchange, Jakarta Stock Exchange, Taiwan Stock Exchange and the Stock Exchange of Thailand.

Dr. Chang is serving as a member of the Editorial Board for the Pacific-Basin Finance Journal. Since 1989, she has been the Program Chair for the Annual PACAP Finance Conferences. Dr. Chang is a member of the American Economic Association, American Finance Association, Association for Investment Management and Research, and Financial Management Association.

Dr. Chang has been a Chartered Financial Analyst (CFA) since 1984 and is active in training and educating future CFAs. She served as an independent trustee for the Zurich Scudder Investments, Inc from 1995-2000.


  • “The Effects of Trading Methods on Volatility and Liquidity: Evidence from the Taiwan Stock Exchange.” (w/N.K. Huang and S.Z. Shu) Journal of Business Finance & Accounting 26 (January/March 1999): 137-170.
  • “Capital Budgeting Practices in the Asia-Pacific Region: Australia, Hong Kong, Indonesia, Malaysia, Philippines, and Singapore.” (w/George W. Kester, Erlinda S. Echanis, Shalahuddin Haikal, Mansor Md. Isa, Michael T. Skully, Kai-Chong Tsui, and Chi-Jeng Wang) Financial Practice and Education 9 (Spring/Summer 1999).
  • “Executive Views on Corporate Financial Policy in Hong Kong: Dividends and Capital Structure” in T. Bos & T. Fetherston (Eds.) Advances in International Finance. 11B. JAI Press, 1994, 201-22.