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
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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.
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Research Interests
Corporate Finance/Governance, Board of Directors, Credit Risk, Executive Compensation, Risk Taking Incentives, Corporate Social Responsibility, Climate Change Policies
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Teaching Interests
Corporate Finance, Financial Management
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Recent Publications
Intellectual Contributions
Refereed Journal Articles
Chen, D. (2021). Extreme Weather and Ratings on Corporate Climate Mitigation Policies. Business Ethics, the Environment & Responsibility. 30(4), 570-587.
Li, J., Lai, H., Chen, D., Chen, S., & Lai, S. (2019). Impact of Cardiovascular Disease on Health Insurance Coverage and Healthcare Use under Economic Stress: The National Health and Nutrition Examination Survey, 2003�2012. Osong Public Health and Research Perspectives. 10(3), 14.
Research Report
Zhang, T., Xiu, L., Chen, D., Guo, G. C., & . (2022). Maryland Family and Medical Leave Insurance (FAMLI): Five Independent and Inter-related Analytical Studies. Jacob France institute & Maryland Legislative Library & Maryland Department of Labor.
Presentations
Chen, D. UB RED Talks, "Personal experiences and corporate climate mitigation policy ratings," University of Baltimore, University of Baltimore. (2020).
Zhang, T., Gerlowski, D. A., & Chen, D. 2019 American Economic Association ASSA annual meeting, "Ownership Stake and Sweat Equity Homophiles in High Tech Entrepreneur Teams," American Economic Association ASSA, Atlanta, GA. (2019).
Chen, D. The 5th Energy and Climate Economics Forum, China, "Natural Disasters and Corporate Climate Change Policies," Chinese Society of Energy Economics and Management, Guilin University of Electronic Technology. (2018).
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).
Research in Progress
"Extreme Weather and Corporate Carbon Emissions" (On-Going)
Using the disclosed carbon emissions by large emitters in the United States as required by EPA based on the Greenhouse Gas Reporting Program (GHGRP), I analyze the impact of extreme weather events (EWEs) at the headquarters of the firms in the U.S. on their carbon emissions."Gender Diversity on the Board and CEO Compensation" (On-Going)
We employ the staggered passage and implementation of the paid family leave insurance programs in some U.S. states as a quasi-natural experiment to examine the impact of the gender diversity on the board on CEO pay-performance sensitivity, pay-volatility sensitivity, total compensation, pay slice (the ratio of CEO compensation to the median compensation of the top four executives in the company other than the CEO) and pay ratio (the ratio of CEO total compensation to the median total compensation of the employees in the firm)."Independent Executives and Corporate Policies" (On-Going)
I examine the influencing of independent directors who are also active executives of other firms, which we call independent executives (IEs) on corporate policies. The results suggest that the impact of IEs on the receiver firms' corporate policies depends on the relative size of the sender firm and receiver firm, as well as whether the IEs are CEOs."Local Warming and Corporate Carbon Emissions" (Planning)
I analyze the impact of local warming - a higher temperature at the headquarters of the firms in the US relative to their historical trend on their carbon emissions."Majority Voting and Bondholder Wealth" (On-Going)
This study analyzes the impact of majority voting mechanism on bondholders' wealth. It is recognized that majority voting may help bondholders by forcing corporate boards to be more responsible to all stakeholders including bondholders. On the other hand, this governance mechanism may also hurt bondholders if the board is mainly responsive to shareholders' interests since they are the entity who holds the voting power, which may work to the detriment of bondholders due to the agency conflict between these two stakeholders.