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Merrick School of Business

Dong Chen

Dong Chen, Ph.D.

Assistant Professor of Finance

Department of Finance and Economics
Office: Business Center 485
Phone: 410.837.4919
E-mail: dchen@ubalt.edu
Personal Web Site: http://www.ubalt.edu/merrick/faculty/alpha-directory-faculty/chen-dong.cfm

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

Professor Chen joined the faculty in 2008 after earning his Ph.D. from Duke University. He has a research interest in the area of corporate governance and has published and presented in the subject worldwide.

Intellectual Contributions

Refereed Journal Articles

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).

Chen, D. (2012). Classified Boards, the Cost of Debt, and Firm Performance. Journal of Banking & Finance. 36(12), 3346-3365.

Chen, D., & Bradley, M. (2011). Corporate Governance and the Cost of Debt: Evidence from Director Limited Liability and Indemnification Provisions. Journal of Corporate Finance. 17(1), 83-107.

Presentations

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).

Chen, D. Financial Management Association 2011 Annual Meeting, "Classified Boards, the Cost of Debt, and Firm Performance," Financial Management Association, Denver, CO. (2011).

Chen, D. Southern Finance Association 2010 Annual Meeting, "Board Independence and Credit Ratings," Southern Finance Association, Asheville, NC. (2010).

Chen, D., & Bradley, M. Southern Finance Association 2010 Annual Meeting, "Corporate Governance and the Cost of Debt: Evidence from Director Limited Liability and Indemnification Provisions," Southern Finance Association, Asheville, NC. (2010).

Chen, D., & Bradley, M. Southern Finance Association 2010 Annual Meeting, "Corporate Governance, Credit Condition, and the Cost of Debt," Southern Finance Association, Asheville, NC. (2010).

Chen, D. Financial Management Association 2010 Annual Meeting, "Corporate Governance, Credit Condition, and the Cost of Debt," Financial Management Association, New York City. (2010).

Chen, D. Southwestern Finance Association 49th Annual Meeting, "Board Independence and Credit Ratings," Southwestern Finance Association, Dallas, TX. (2010).

Chen, D. Financial Management Association 2009 Annual Meeting, "Board Independence and Credit Ratings," Financial Management Association, Reno, NV. (2009).

Research in Progress

"Bank CEO Overconfidence and Risk-Taking" (On-Going)
We analyze the contribution of behavioral biases of CEOs, in particular their overconfidence to bank risk-taking.

"Corporate Social Responsibility, Natural Disasters, and Firm Performance" (Planning)
I study whether the natural disasters suffered at the headquarters of a corporation have any effect on the relationship between corporate social responsibility and firm performance.

"Diversification or Monitoring?" (Planning)
We analyze the empirical tradeoff between diversification of institutional funds and their corporate governance initiatives.

"The Changing Incentives of Classified Boards" (On-Going)
I explore the conflicting incentives of classified boards - entrenchment and independence from management, with opposite implications on agency costs and firm performance. Prior studies have focused on an average effect of classified boards across different time periods. I show that the effect of classified boards depends on the time period characterized by different institutional environments to induce either entrenchment or independence from management.