研究領域
2. 財務會計
3. 公司財務
4. 資產定價
教授科目
- 大數據程式設計與Python (Graduate level), 2021 to Present
- 財務計量經濟學 (Graduate level), 2021 to Present
- 衍生性金融商品 (Graduate level), 2021 to 2024
- ESG與責任企業投資(Graduate level), 2023 to Present
- 金融科技(Graduate level), 2021 to Present
- 財務工程(Graduate level), 2022 to Present
- 財務報表分析與金融會計訊息揭露 (Graduate level), Fall 2023
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| 國立政治大學金融學博士 |
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| 國立中正大學副教授 (August 2025– present) |
| 國立中正大學助理教授 (February 2021– July 2025) |
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| Jinging Yang, & Hao-Chang Sung, "Accounting Fraud, Audit Fees, and Government Intervention in China", (2017). APBBEF-Volume 05, Chapter 06, page 101-120. Advances in Pacific Basin Business, Economics and Finance (ISBN-978-1-78743-410-3--Edited by Dr. Cheng-Few Lee, Dr. Min-Teh Yu). |
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Liao, Wen-Ju, Cheng-Few Lee, and Hao-Chang Sung*. “Exploring Alternative Methods for Evaluating Real Earnings Management: An Overview, Comparison, and Assessment.” Review of Quantitative Finance and Accounting, 2026, forthcoming. (ESCI; Scopus; NSTC Accounting/Finance A Tier-2; ABDC B; *Corresponding Author; Accepted for Publication) |
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Sung, Hao-Chang. “Multiperiod Managerial Contracts with Clawback Provisions.” Review of Quantitative Finance and Accounting, vol. 64, no. 2, 2025, pp. 899–940. (ESCI; Scopus; NSTC Accounting/Finance A Tier-2; ABDC B; Solo-Authored) |
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Liao, Wen-Ju, Cheng-Few Lee, and Hao-Chang Sung*. “Alternative Methods of Measuring Real Earnings Management in R&D and SG&A Expenses.” Review of Pacific Basin Financial Markets and Policies, vol. 27, no. 3, 2024. (ESCI; Scopus; NSTC Finance B; ABDC B; *Corresponding Author) |
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Sung, Hao-Chang*, and Shirley J. Ho. “Disclosure Strategies for Management Earnings Forecasts: The Role of Managerial Compensation Structures, Overoptimism, and Effort.” Journal of Contemporary Accounting & Economics, vol. 19, no. 1, 2023, 100351. (SSCI; Scopus; NSTC Accounting A−; ABDC A; *Corresponding Author) |
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Sung, Hao-Chang*, and Lisi Shi. “Empirical Pricing Kernel and Option-Implied Risk Aversion in China 50 ETF.” Emerging Markets Finance and Trade, vol. 58, no. 15, 2022, pp. 4286–4299. (SSCI; Scopus; ABDC B; *Corresponding Author) |
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Lee, Cheng-Few, and Hao-Chang Sung*. “Product Market Competition and Real Activities Manipulation: Theory and Implications.” International Review of Economics & Finance, vol. 74, 2021, pp. 192–205. (SSCI; Scopus; NSTC Finance A−; ABDC A; *Corresponding Author) |
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Sung, Hao-Chang*, and Shirley J. Ho. “Supply Chain Finance and Impacts of Consumers’ Sustainability Awareness.” The North American Journal of Economics and Finance, vol. 54, 2020. (SSCI; Scopus; ABDC B; *Corresponding Author) |
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Liao, Wen-Ju, and Hao-Chang Sung*. “Implied Risk Aversion and Pricing Kernel in the FTSE 100 Index.” The North American Journal of Economics and Finance, vol. 54, 2020. (SSCI; Scopus; ABDC B; *Corresponding Author) |
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Hong, Hui, Hao-Chang Sung, and Jingjing Yang*. “On Profitability of Volatility Trading on S&P 500 Equity Index Options: The Role of Trading Frictions.” International Review of Economics & Finance, vol. 55, 2018, pp. 295–307. (SSCI; Scopus; NSTC Finance A−; ABDC A) |
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Sung, Hao-Chang*, and Chunsheng Yuan. “Biased Voluntary Disclosure, Earnings Target, and Product Market Competition.” Annals of Financial Economics, vol. 12, no. 3, 2017. (ESCI; Scopus; EconLit; *Corresponding Author) |
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Chen, Naiwei, Hao-Chang Sung, and Jingjing Yang*. “Ownership Structure, Corporate Governance and Investment Efficiency of Chinese Listed Firms.” Pacific Accounting Review, vol. 29, no. 3, 2017, pp. 266–282. (ESCI; Scopus; NSTC Accounting B+; ABDC B) |
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Hsiao, Hsiao-Fen, Szu-Lang Liao, Chi-Wei Su, and Hao-Chang Sung*. “Product Market Competition, R&D Investment Choice, and Real Earnings Management.” International Journal of Accounting & Information Management, vol. 25, no. 3, 2017, pp. 296–312. (ESCI; Scopus; ABDC B; *Corresponding Author) |
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Su, Chi-Wei*, Khalid Khan, Oana Ramona Lobonţ, and Hao-Chang Sung. “Is There Any Relationship between Producer Price Index and Consumer Price Index in Slovakia? A Bootstrap Rolling Approach.” Ekonomický časopis (Journal of Economics), vol. 64, no. 7, 2016, pp. 611–628. (SSCI; Scopus; EconLit) |
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Liao, Tsai-Ling, Hao-Chang Sung*, and Min-Teh Yu. “Advertising and Investor Recognition of Banking Firms: Evidence from Taiwan.” Emerging Markets Finance and Trade, vol. 52, no. 4, 2016, pp. 812–824. (SSCI; Scopus; ABDC B; *Corresponding Author) |
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Ho, Shirley J.*, and Hao-Chang Sung. “Strategic Delegation in a Multiproduct Mixed Industry.” Managerial and Decision Economics, vol. 35, no. 4, 2014, pp. 278–287. (SSCI; Scopus; NSTC Economics B; ABDC B) |
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Ho, Shirley J.*, and Hao-Chang Sung. “The Informational and Strategic Impacts of Real Earnings Management.” Annals of Economics and Finance, vol. 13, no. 2, 2012, pp. 363–387. (SSCI; Scopus) |
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Note: * denotes the corresponding author. Current journal classifications are based on the most recent information available in 2026. |
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| Hao-Chang Sung (2026). “Performance Targets and Intertemporal Incentives: Effort Allocation and Earnings Management.” Financial Reporting and Business Communication Conference 2026, Glasgow, UK, 2–3 July 2026. |
| Hao-Chang Sung (2025). “The Economic and Welfare Effects of Mandatory Clawback Provisions.” International Risk Management Conference 2025 (IRMC), Libera Università Mediterranea, Bari, Italy, 24 June 2025. |
| Cheng-Few Lee and Hao-Chang Sung (2025). “Alternative Methods in Measuring Real Earnings Management: Review, Comparison, and Critique.” The 33rd Annual Conference on Pacific Basin Finance, Economics, Accounting, and Management (PBFEAM), Chung Yuan Christian University, Taiwan, 13–14 June 2025. |
| Wen-Ju Liao, Ming-Chang Cheng, Hao-Chang Sung, and Saihong Xiao (2024). “The Effects of Award-Winning CEOs on R&D Investment: The Role of CEO Overconfidence.” Presented at: The 32nd Annual Conference on Pacific Basin Finance, Economics, Accounting, and Management (PBFEAM), Rutgers University, USA, 29–30 August 2024; and Taiwan Accounting Association (TAA) Annual Conference, National Taipei University, Taiwan, 21–22 November 2024. |
| Wen-Ju Liao, Cheng-Few Lee, and Hao-Chang Sung (2023). “Alternative Methods of Measuring Real Earnings Management in R&D and SG&A Expenses.” Presented at: The 31st Annual Conference on Pacific Basin Finance, Economics, Accounting, and Management (PBFEAM), National Yang Ming Chiao Tung University, Taiwan, 3 June 2023; and The 17th NYCU and 3rd Yushan Conference, National Yang Ming Chiao Tung University, Taiwan, 8 December 2023. |
| Hao-Chang Sung and Lisi Shi (2022). “Empirical Pricing Kernel and Option-Implied Risk Aversion in China 50 ETF.” The 30th Annual Conference on Pacific Basin Finance, Economics, Accounting, and Management (PBFEAM), National Chung Cheng University, Taiwan, 13–14 May 2022. |
| Cheng-Few Lee and Hao-Chang Sung (2021). “Alternative Models for Real Earnings Management: Review, Comparison, and Critique.” The 28th Annual Conference on Pacific Basin Finance, Economics, Accounting, and Management (PBFEAM), National Chiao Tung University, Taiwan, 7–8 January 2021. |
| Hao-Chang Sung and Shirley J. Ho (2020). “Disclosure Strategies for Earnings Forecasts: Compensation Structures and Managerial Overoptimism.” Plenary Session of the JCAE Annual Symposium, Colombo, Sri Lanka, 4–5 January 2020. |
| Cheng-Few Lee and Hao-Chang Sung (2019). “Product Market Competition and Real Activities Manipulation: Theory and Implications.” The 10th International Conference of The Japanese Accounting Review (TJAR), Rokkodai Campus, Kobe University, Kobe, Japan, 22 December 2019. |
| Michelle M. Chu, Yin-Feng Gau, and Hao-Chang Sung (2019). “Price Discovery in Chinese Stock and Bond Markets around Macroeconomic Announcements.” 2019 China Meeting of the Econometric Society, Jinan University, Guangzhou, China, 18–20 June 2019. |
| Hao-Chang Sung and Shirley J. Ho (2019). “Purchase Order Financing and Impacts of Consumers’ Sustainability Awareness.” The 27th Annual Conference on Pacific Basin Finance, Economics, Accounting, and Management (PBFEAM), National Taiwan University, Taiwan, 15–16 June 2019. |
| Hao-Chang Sung and Shirley J. Ho (2019). “Managerial Overoptimism, Managerial Compensation Structures, and the Way of Disclosure to Stock Markets.” 2019 FeAT Annual Conference, Taipei Medical University, Taipei, Taiwan, 31 May–1 June 2019. |
| Hao-Chang Sung and Shirley J. Ho (2018). “Clawback Provisions, Corporate Governance, and Compensation Structures.” The 26th Pacific Basin Finance, Accounting, Economics, and Management (PBFEAM) Conference, Rutgers University, USA, 6–7 September 2018. |
| Hao-Chang Sung and Shirley J. Ho (2018). “Supply Chain Finance and Impacts of Consumers’ Sustainability Awareness.” The 12th Biennial Conference of the Asian Consumer and Family Economics Association, Fuzhou University, Fuzhou, Fujian, China, 11–14 July 2018. |
| Cheng-Few Lee and Hao-Chang Sung (2017). “Earnings Benchmarks, Product Market Competition, and Real Earnings Management.” The 25th Pacific Basin Finance, Accounting, Economics, and Management (PBFEAM) Conference, National University of Singapore, Singapore, 22–24 November 2017. |
| Hao-Chang Sung and Shirley J. Ho (2016). “Clawback Provisions, Corporate Governance, and Compensation Structures.” Global Economy & Governance Conference, Ocean University of China, Qingdao, China, 13–16 October 2016. |
| Hao-Chang Sung (2015). “The Impact of Meeting Earnings Benchmarks in a Multiperiod Oligopoly Setting.” 2015 Canadian Academic Accounting Association (CAAA) Annual Conference, Concurrent Session, Toronto, Canada, May 2015. |
| Hao-Chang Sung (2014). “The Impact of Meeting Earnings Thresholds in a Multiperiod Oligopoly Setting.” 2014 American Accounting Association (AAA) Annual Meeting, Atlanta, Georgia, USA. |
| Hao-Chang Sung (2013). “Earnings Target, Voluntary Disclosure, and Product Market Competition.” The 21st Pacific Basin Finance, Accounting, Economics, and Management (PBFEAM) Conference, Deakin University, Melbourne, Australia, 4–5 July 2013. |
| Szu-Lang Liao and Hao-Chang Sung (2013). “R&D Expenditure with Spillover, Real Earnings Management, and Meeting or Beating Earnings Targets.” Taiwan Finance Association 2013 Annual Conference, National Yunlin University of Science and Technology, Taiwan, 31 May–1 June 2013. |
| Shirley J. Ho and Hao-Chang Sung (2011). “The Strategic Impacts of Providing Nonprofit Health Service.” The 9th Annual International Industrial Organization Conference, Northeastern University, Boston, Massachusetts, USA, 8–10 April 2011. |
| Shirley J. Ho and Hao-Chang Sung (2011). “Strategic and Informational Impacts of Real Earnings Management.” 2011 Annual Meeting of the Midwest Finance Association, DePaul University, Chicago, Illinois, USA, 2–5 March 2011. |
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| 「外部審查對管理者薪酬強制索回條款執行效果的影響: 理論與實證分析」(研究計畫編號：NSTC 1114-2410-H-194 -027 -MY2). 擔任職稱：計畫主持人，計劃時間：2025.08-2027.07 |
| 「管理者薪酬強制索回條款的經濟和福利影響」(研究計畫編號：NSTC 113-2410-H-194-021-). 擔任職稱：計畫主持人，計劃時間：2024.08-2025.07 |
| 「The Determinants of Immaterial Error in Financial Statements: Agency Model and Empirical Testing」(研究計畫編號：MOST 110-2420-H-002-003-MY3-Y11107). (國科會人文社會科學研究中心 補助青年學者暨跨領域研究學術輔導與諮詢). 擔任職稱：共同主持人，計劃時間：2022.01-2022.12 |
| 「改善實質活動操弄衡量之實證研究」(研究計畫編號：MOST 110-2410-H-194-097 -). 擔任職稱：計畫主持人，計劃時間：2021.08-2022.07 |
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| 1. Hao-Chang Sung (2026). “Mandatory Clawbacks, Endogenous Enforcement, and Executive Compensation.” |
| 2. Hao-Chang Sung (2026). “Performance Targets and Intertemporal Incentives: Effort Allocation and Earnings Management.” |