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Dong Chen, Ph.D.

Associate Professor of Finance

Department of Finance and Economics
Office: Business Center 485
Phone: 410.837.4919
E-mail: dchen@ubalt.edu
Personal Web Site: https://scholar.google.com/citations?user=EVWc8mMAAAAJ&hl=en

Education:

  • Ph.D., Duke University
  • M.A., Duke University
  • M.A., The University of Mississippi
  • M.E., Tongji University
  • B.E., Tongji University
  • Bio

    Professor Chen joined the faculty in 2008 after earning his Ph.D. from Duke University. He has a research interest in the areas of corporate governance and corporate social responsibility, and has published in journals such as Journal of Corporate Finance, Journal of Banking & Finance, and Financial Management.

  • Research Interests

    Corporate Finance/Governance, Board of Directors, Credit Risk, Executive Compensation, Risk Taking Incentives, Corporate Social Responsibility, Climate Change Policies

  • Teaching Interests

    Corporate Finance, Financial Management

  • Recent Publications

    Intellectual Contributions

    Refereed Journal Articles

    Chen, D., & Bradley, M. H. (2015). Does Board Independence Reduce the Cost of Debt?. Financial Management. 44(1), 15-47.

    Chen, D., & Zheng, Y. (2014). CEO Tenure and Risk-taking. Global Business and Finance Review. 19(1), 1-27 (lead article).

    Chen, D. (2014). The Non-monotonic Effect of Board Independence on Credit Ratings. Journal of Financial Services Research. 45(2), 145-171 (lead article).

    Presentations

    Chen, D., & . 2018 Shanghai Green Finance Conference, "Natural Disasters and Corporate Climate Change Policies," Shanghai University of Finance and Economics; University of Edinburgh, Shanghai, China. (2018).

    Chen, D., & . 6th International Symposium on Environment & Energy Finance Issues, "Natural Disasters and Corporate Climate Change Policies," IPAG Business School and Paris Dauphine University, Paris, France. (2018).

    Gerlowski, D. A., Zhang, T., & Chen, D. North American Regional Science Association 2015, "Housing Price Index Movements Across Cities," RSAI - Regional Science Association International, Portland, OR. (2015).

    Chen, D., & Zheng, Y. Eastern Finance Association 2014 Annual Meeting, "CEO Tenure and Risk-Taking," Eastern Finance Association, Pittsburgh, PA. (2014).

    Chen, D., & Bradley, M. Eastern Finance Association 2014 Annual Meeting, "Does Board Independence Reduce the Cost of Debt?," Eastern Finance Association, Pittsburgh, PA. (2014).

    Chen, D., & Bradley, M. Midwest Finance Association 2014 Annual Meeting, "Does Board Independence Reduce the Cost of Debt?," Midwest Finance Association, Orlando, FL. (2014).

    Chen, D., & Rose, M. Midwest Finance Association 2013 Annual Meeting, "Golden Parachutes, Takeover Probability, and Risk-Taking," Midwest Finance Association, Chicago, IL. (2013).

    Research in Progress

    "Housing Price Variability: National and Local Impacts" (On-Going)

    "How Does Headquarter Location Affect Firm Valuation?" (On-Going)
    I analyze the influence of headquarter location on firm value. I document that firms headquartered in more crowded places enjoy a valuation premium.

    "Overconfidence, Corporate Governance, and Bank Risk-Taking" (On-Going)
    We analyze the interaction of CEO overconfidence and corporate governance on bank risk-taking.

    "Religion and CEO Compensation" (On-Going)
    We analyze the influence of religiosity on CEO pay-performance sensitivity (delta) and pay-volatility sensitivity (vega).

    "Target Price and Analysts’ Recommendations" (Planning)