International Journal of Finance and Accounting

International Journal of Finance and Accounting is a refereed Journal dedicated to publish empirical research that tests, extends, or builds Finance and Accounting theory and contributes to practice. The journal publishes high quality research papers in accounting, finance and their interface. All empirical methods – including, but not limited to, qualitative, quantitative, laboratory, and combination methods – are welcome.


David Wang

Editorial Board Member of International Journal of Finance and Accounting

Assistant Professor, Chung Yuan Christian University, Taiwan

Research Areas

Risk ManagementBehavioral Finance

Education

2003DBAFinance, Golden Gate University, San Francisco, California
2000MSBAFinance, San Francisco State University, San Francisco, California
1994BBACooperative Economics, Feng Chia University, Taichung, Taiwan

Experience

2006-presentAssistant Professor, Department of Finance, Chung Yuan Christian University, Chungli, Taiwan
2004-2006Assistant Professor, Department of Finance and Banking, Hsuan Chuang University, Hsinchu, Taiwan

Academic Achievement

Teaching Award, Chung Yuan Christian University, Chungli, Taiwan, 2010
Research Award, Hsuan Chuang University, Hsinchu, Taiwan, 2005
Advising Award, Hsuan Chuang University, Hsinchu, Taiwan, 2005
Best Author Award, Journal of American Academy of Business, Cambridge, 2005
Biographee, Who's Who in America, Who's Who in Asia, 2007

Membership

American Finance Association
Decision Sciences Institute
Financial Engineering Association of Taiwan
Financial Management Association International
Global Association of Risk Professionals
International Association of Financial Engineers
Professional Risk Managers’ International Association
Taiwan Finance Association

Publications: Journals

[1]  Heng-Chih Chou, Rim Zaabar, and David Wang*, 2011, "Measuring and Testing the Long-Term Impact of Terrorist Attacks on the U.S. Futures Market", Applied Economics, Accepted and forthcoming. (Indexed in Social Science Citation Index (SSCI)) (Impact factor = 0.845) (http://www.tandfonline.com/doi/abs/10.1080/00036846.2011.597728)
[2]  Heng-Chih Chou and David Wang*, 2011, "Measuring Market Volatility Using the Conditional Autoregressive Range Model: Evidence from the FTSE 100 and NIKKEI 225 Stock Indices", African Journal of Business Management, Accepted and forthcoming. (Indexed in Social Science Citation Index (SSCI)) (Impact factor = 1.105)
[3]  David Wang, Chun-Chou Wu*, and Heng-Chih Chou, 2011, "Applying a Two-Step Maximum Likelihood Method to Examine the Deposit Insurance Program of Taiwan", Journal of Marine Science and Technology, Accepted and forthcoming. (Indexed in Science Citation Index (SCI)) (Impact factor = 0.830)
[4]  Dar-Hsin Chen, Heng-Chih Chou, David Wang*, and Rim Zaabar, 2011, "The Predictive Performance of a Path-Dependent Exotic-Option Credit Risk Model in the Emerging Market", Physica A: Statistical Mechanics and its Applications, Vol. 390, No. 11, pp. 1973-1981. (Indexed in Science Citation Index (SCI)) (Impact factor = 1.562) (http://dx.doi.org/10.1016/j.physa.2010.10.030)
[5]  David Hua, Heng-Chih Chou, and David Wang*, 2009, "A Defaultable Callable Bond Pricing Model", Investment Management and Financial Innovations, Vol. 6, No. 3, pp. 55-63. (Indexed in EconLit)
[6]  Heng-Chih Chou and David Wang*, 2007, "Performance of Default Risk Model with Barrier Option Framework and Maximum Likelihood Estimation: Evidence from Taiwan", Physica A: Statistical Mechanics and its Applications, Vol. 385, No. 1, pp. 270-280. (Indexed in Science Citation Index (SCI)) (Impact factor = 1.332) (http://dx.doi.org/10.1016/j.physa.2007.06.044)
[7]  Heng-Chih Chou and David Wang*, 2007, "A Simulation and Empirical Study of the Trinomial Black-Scholes Option Pricing Algorithm", Commerce and Management Quarterly, Vol. 8, No. 1, pp. 91-115. (Written in Chinese) (Published by National Yunlin University of Science and Technology, Taiwan)
[8]  Heng-Chih Chou, David Wang* and Iris Lee, 2007, "An Empirical Study of the Price Behavior of TAIEX Options", Chung Yuan Management Review, Vol. 5, No. 1, pp. 111-134. (Written in Chinese) (Published by Chung Yuan Christian University, Taiwan)
[9]  Heng-Chih Chou and David Wang*, 2007, "An Analysis of Lead-Lag Relation between TXO Option and Index and Demand for Portfolio Insurance", Hsuan Chuang Journal of Management, Vol. 5, No. 1, pp. 1-26. (Written in Chinese) (Leading Article; Published by Hsuan Chuang University, Taiwan)
[10]  David Wang, 2005, "A Model to Price Corporate Bonds with Call Provision and Default Risk", Journal of American Academy of Business, Cambridge, Vol. 6, No. 1, pp. 272-277. (Indexed in ABI/Inform) (Journal of American Academy of Business, Cambridge (JAABC)'s 2005 Best Author Award)
[11]  David Wang, 2004, "Estimating the Probabilities of Default for Callable Bonds: A Duffie-Singleton Approach", Corporate Finance Review, Vol. 9, No. 3, pp. 33-38. (Indexed in Cabell's Directory)

Publications: Conferences/Workshops/Symposiums

[1]  Heng-Chih Chou and David Wang*, 2010, "Value at Risk (VaR) Estimation: A New Extreme Approach for Risk Managers", Presented at the 18th Annual Conference on Pacific Basin Finance, Economics, Accounting and Management, Beijing, China.
[2]  Dar-Hsin Chen, Heng-Chih Chou, David Wang*, and Rim Zaabar, 2009, "The Predictive Performance of a Barrier-Option Credit Risk Model in an Emerging Market", Presented at the 2009 International Symposium on Finance and Accounting, Kuala Lumpur, Malaysia; Presented at the 17th Conference on the Theories and Practices of Securities and Financial Markets, Kaohsiung, Taiwan.
[3]  David Wang, Chun-Chou Wu*, and Heng-Chih Chou, 2009, "Examining Deposit Insurance, Capital Forbearance, and Audit Interval: The Case of Taiwan", Presented at the 7th NTU International Conference on Economics, Finance and Accounting, Taipei, Taiwan.
[4]  Heng-Chih Chou and David Wang*, 2008, "Examining the Impact of Terrorist Attack on Maturity, Volume and Open Interest Effects: Evidence from S&P 500 Index Futures Market", Presented at the 5th Conference on Banking and Finance and Financial Trend, Taipei, Taiwan; Presented at the 6th NTU International Conference on Economics, Finance and Accounting, Taipei, Taiwan.
[5]  Heng-Chih Chou and David Wang*, 2007, "The Performance of a Default Risk Model with the Barrier Option Framework and the Maximum Likelihood Method", Presented at the 5th NTU International Conference on Economics, Finance and Accounting, Taipei, Taiwan; Presented at the Second International Workshop on Intelligent Finance, Chengdu, China; Presented at 2007 Annual Meeting of European Financial Management Association, Vienna, Austria.
[6]  Heng-Chih Chou and David Wang*, 2006, "Using Conditional Autoregressive Range Model to Forecast Volatility of the Stock Indices", Presented at 2006 International Conference on Computational Intelligence in Economics and Finance, Kaohsiung, Taiwan.
[7]  David Wang, 2005, "Pricing Callable Bonds with Stochastic Interest Rate and Stochastic Default Risk: A 3D Finite Difference Model", Presented at 2005 Annual Conference on Pacific Basin Finance, Economics, and Accounting, Piscataway, New Jersey; Presented at 2005 Financial Engineering Association of Taiwan Conference, Taipei, Taiwan.
[8]  David Wang, 2004, "A Fully Implicit Finite Difference Method to Price Defaultable Bonds with Embedded Options", Presented at 2004 Decision Sciences Institute Annual Meeting, Boston, Massachusetts.
[9]  David Hua and David Wang*, 2004, "Estimating the Probabilities of Default for Callable Bonds: Theory and Evidence", Presented at 2004 Asian Finance Association/Taiwan Finance Association/Financial Management Association International Conference, Taipei, Taiwan.