Academic Profile

Academic Profile

Asst Prof Chen Tao, Jonas

Assistant Professor, College of Business (Nanyang Business School)

Asst Prof Chen Tao, Jonas

Tao Chen joined Nanyang Business School (NBS) as an Assistant Professor in Finance in 2014. His research interest focuses on how financial markets participants (e.g., analysts and institutional investors) impact corporate policies, which broadly includes corporate finance and corporate governance, mergers and acquisitions, tax avoidance, and banking and financial institutions.

He has published his work in Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Strategic Management Journal, Journal of Banking and Finance, and Journal of Corporate Finance. His papers have been presented at major finance conferences including AFA, WFA, EFA, NBER, Fed, AAA, FIRS, ABFER, CICF, CFRC, Finance Down Under, ECCCS, FMA, NTU ICF, AsFA, and covered by Financial Times and VoxEU.

He has received numerous awards, including CUHK Young Scholars Award, NBS Teaching Excellence Award, Outstanding Paper Award in Annual Conference on Asia-Pacific Financial Markets, and Best Paper Award in Asian Finance Association Annual Meeting.
Research Interests
Corporate Finance and Corporate Governance, Financial Analysts, Mergers and Acquisitions, Tax Avoidance, and Banking and Financial Institutions.
Current Projects
  • 1.Financial Flexibility and Corporate Cash Policy2.Trade Liberalization, Financial Constraints, and Corporate Tax Avoidance
  • Does Workforce Diversity Pay? Evidence From Corporate Innovation
  • Dual Ownership and Managerial Incentives: Evidence from Mergers between Bond and Equity Holders
  • The Financial and Real Implications of Public Financing: A Natural Experiment from Build America Bonds Program
Selected Publications
  • T. Chen, H. Dong, and C. Lin. (2018). Institutional Shareholders and Corporate Social Responsibility. Journal of Financial Economics, Forthcoming.
  • T. Chen, C. Lin. (2017). Does Information Asymmetry Affect Tax Aggressiveness?. Journal of Financial and Quantitative Analysis, Forthcoming.
  • T. Chen, D. A. Schuler, W. Shi, and R. E. Hoskisson. (2017). Windfalls of emperors' sojourns: Stock market reactions to Chinese firms hosting high-ranking government officials. Strategic Management Journal, 38(8), 1668–1687.
  • Tao Chen. (2015). Institutions, Board Structure and Corporate Performance: Evidence from Chinese Firms. Journal of Corporate Finance, 32, 217-237.
  • Tao Chen, Jarrad Harford and Chen Lin. (2015). Do Analysts Matter for Governance? Evidence from Natural Experiments. Journal of Financial Economics, 115(2), 383-410.

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