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Intellectual Contributions

Dr. Chun-Da Chen
Full Professor of Finance


Sayil

Refereed Articles

  • “Urban disruptions and housing market dynamics: Evidence from San Francisco,” (with co-authors) International Journal of Housing Markets and Analysis, Forthcoming, 2027.
  • “Understanding herding behavior in hospitality stocks,” (with co-authors) International Journal of Hospitality Management 133, Article 104489, 2026.
  • “The Impact of meteorological factors on cruise operations,” (with co-authors) Transport Policy 163, 232-246, 2025.
  • “Transmission process and determinants of sovereign credit contagions: Global evidence,” (with co-authors) International Review of Economics and Finance 89 (Part B), 552-567, 2024.
  • “Oil beta uncertainty and global stock returns,” (with co-authors) Energy Economics 112, Article 106150, 2022.
  • “Are ESG-committed hotels financially resilient to the COVID-19 pandemic? An autoregressive jump intensity trend model,” (with co-authors) Tourism Management 93, Article 104581, 2022.
  • “Understanding how ESG-focused airlines reduce the impact of COVID-19 pandemic on stock returns,” (with co-authors), Journal of Air Transport Management 102, Article 102229.
  • “The Impacts of USMCA on the U.S., Canada, and Mexico Stock Markets,” (with co-author) Southwestern Economic Review, forthcoming, 2022.
  • “Value Creation and Value Destruction in Investor-State Dispute Arbitration,” (with co-authors) Journal of Multinational Financial Management 63, Article 100728, 2022.
  • “Influences of Mobile Payment Usage on Financial Behaviors,” (with co-author) International Review of Accounting, Banking and Finance 13(1), 1-16, 2021. [Leading Article]
  • “Financial Literacy and Mobile Payment Behaviors,” (with co-author) Journal of Accounting and Finance 20(7), 120-132, 2020.
  • “Revisiting the Role of Gold: Does gold ETF matter?,” (with co-authors) North American Journal of Economics and Finance 54, Article 100891, 2020.
  • “Financial Distress Prediction Model: Evidence from an Emerging Market,” (with co-authors) Journal of Forecasting 39(8), 1238-1252, 2020.
  • “B-share Discount Puzzle in China: A Revisit of Dual-share Firms,” (with co-author) Review of Managerial Science 14(5), 1047–1075.
  • “Does Sustainability Index Matter to the Hospitality Industry?,” (with co-author) Tourism Management 81, Article 104158, 2020.
  • “The Contagion Effects of Volatility Indices across U.S. and Europe,” (with co-authors) North American Journal of Economics and Finance 54, Article 101234, 2020.
  • “Analyzing the Impacts of Foreign Exchange and Oil Price on Biofuel Commodity Futures,” (with co-authors) Journal of International Money and Finance 96, 37-48, 2019.
  • “Financial Statement Effects of Adopting IFRS: the Canadian Experience,” (with co-authors) International Journal of Accounting and Information Management 26(4), 466-491, 2018. [Leading Article]
  • “Forgive, or Award Your Debtor? A Barrier Option Approach,” (with co-author) Journal of Derivatives 26(1), 67-95, 2018.
  • “The Profitability of Herding: Evidence from Taiwan,” (with co-author) Managerial Finance 44(7), 919-934, 2018.
  • “Oil and Stock Market Momentum,” (with co-authors) Energy Economics 68, 151-159, 2017.
  • “Information Transmission through Rumors in Stock Markets: A New Evidence,” (with co-author) Journal of Behavioral Finance 17(4), 365-381, 2016.
  • “Decomposing Risks in Bond Portfolios: International Evidence,” (with co-authors) Journal of Fixed Income 26(1), 75-93, 2016.
  • “Effects of the Foreign Institutional Investor Scheme on Chinese Stock Markets,” Journal of Business Administration 107, 1-31, 2015. [Leading Article]
  • “Risk and Return in the Chinese Stock Market: Does Equity Return Dispersion Proxy Risk?,” (with co-authors) Pacific-Basin Finance Journal 33(C), 23-37, 2015.
  • “VaR and the Cross-Section of Expected Stock Returns: Emerging Market Evidence from Taiwan,” (with co-authors) Journal of Business, Economics, and Management 15(3), 441-459, 2014.
  • “Applying the Model Order Reduction Method to a European Option Pricing Model,” (with co-author) Economic Modelling 33, 533-536, 2013.
  • “Panel Data Analyses of the Pecking Order Theory and the Market Timing Theory of Capital Structure in Taiwan,” (with co-authors) International Review of Economics and Finance 27, 1-13, 2013. [Leading Article]
  • “Assessing the Effects of Sports Marketing on Stock Returns: Evidence from the Nippon Professional Baseball Series,” (with co-author) Journal of Sports Economics 13(2), 169-197, 2012.
  • “The Effects of Abolishing a Foreign Institutional Investment Quota in Taiwan,” (with co-authors) Emerging Markets Finance and Trade, 47(2), 74-98, 2011.
  • “Trading Behaviors under Free-Floating Exchange Rate System: An analysis of South Korea’s Financial Markets,” (with co-authors) International Journal of Banking and Finance 7(2), 37-58, 2010. (NSC 94-2416-H-212-008)
  • “Do Investors Herd in Emerging Stock Markets? Evidence from the Taiwanese Market,” (with co-authors) Journal of Economic Behavior and Organization 76(2), 283-295, 2010.
  • “Return Autocorrelations in the Stock Markets,” Applied Economics Letters 16(9), 907-911, 2009.
  • “The Positive and Negative Impacts of the SARS Outbreak: A Case of Taiwan Industries,” (with co-authors) Journal of Developing Areas 43(1), 281-293, 2009.
  • “Downside Risk Measures and Equity Returns in the NYSE,” (with co-authors) Applied Economics 41(8), 1055-1070, 2009.
  • “Are They Hedgers or Speculators? Evidence from South Korea’s Political Elections,” (with co-author) Emerging Markets Finance and Trade 45(1), 55-66, 2009.
  • “The Motivations of Issuing Convertible Bonds – An Inquiry of the Sequential-financing Hypothesis,” (with co-authors) Journal of Economics and Management 4(2), 229-250, 2008.
  • “The Effects of Sports Marketing on Enterprise’s Value – A Case from Nippon Professional Baseball Championship Competitions,” (with co-authors) Soochow Journal of Economics and Business 63, 77-110, 2008.
  • “The Impacts of Opening Margin Trading on Stock Return, Volatility and Turnover Rate in Taiwan,” (with co-authors) Journal of Economics and Management 3(1), 99-126, 2006.
  • “The Effect of IPO Lockup Agreements on Stock Prices: An Empirical Analysis on the Taiwan Stock Exchange,” (with co-authors) Global Business and Finance Review 10, 39-56, 2005.
  • “The Optimal Dynamic Hedging Strategy for Nikkei 225 Index and Futures,” (with co-authors) Journal of Statistics & Management Systems 8(3), 477-491, 2005.
  • “The Intraday Behaviors and Relationships with Its Underlying Assets: Evidence on Option Market in Taiwan,” (with co-author) International Review of Financial Analysis 14(5), 587-603, 2005.
  • “Political Elections and Foreign Investor Trading in South Korea’s Financial Market,” (with co-authors) Applied Economics Letters 12(11), 673-677, 2005.
  • “Hedging with S&P500 and E-mini S&P500 Stock Index Futures,” (with co-authors) Journal of Statistics & Management Systems 8(2), 275-294, 2005.
  • “Hedging with Floor-Traded and E-mini Stock Index Futures,” (with co-authors) Quarterly Journal of Business and Economics 44(3&4), 49-68, 2005.
  • “The Impacts of Political Events on Foreign Institutional Investors and Stock Returns: Emerging Market Evidence from Taiwan,” (with co-authors) International Journal of Business 10(2), 165-188, 2005.
  • “Removal of an Investment Restriction: The ‘B’ Share Experience from China’s Stock Markets,” (with co-authors) Applied Financial Economics 15(4), 273-285, 2005.
  • “Studies on the Effect of Trading Volume and Return Volatility on Call Warrants and Underlying Stocks in Taiwan,” (with co-authors) Quarterly Journal of Business and Economics 44(1&2), 29-43, 2005.
  • “Initial Public Offerings in the Tourism Industry: An International Analysis in Taiwan,” (with co-author) Journal of Hospitality Financial Management 12(1), 27-40, 2004.
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Refereed Proceedings

  • Chen, C. (in press, 2017). Financial Statement Effects of Adopting IFRS: The Canadian Experience.40th Annual Congress of the European Accounting Association.
  • Chen, C. (in press, 2017). Financial Statement Effects of Adopting IFRS: The Canadian Experience.40th Annual Congress of the European Accounting Association.
  • Chen, C. (in press, 2015). Value Relevance and the Adoption of IFRS: Canadian Experience.Journal of International Accounting Research Conference.
  • Chen, C. (2011). Panel Data Analyses of the Pecking Order Theory and the Market Timing Theory of Capital Structure in Taiwan.50th Annual Meeting of the Southwestern Finance Association.
  • Chen, C. (2010). Trading Behaviors among Major Investors in the USD Currency Futures Markets Evidence from South Korea.International Conference on Business and Information (BAI 2010).
  • Chen, C. (in press, 2010). VaR and the Cross-Section of Expected Stock Returns: An Emerging Market Evidence.49th Annual Meeting of the Southwestern Finance Association.
  • Chen, C. (2010). The Uncertainty of Interest Rate and Exchange Rate on Stock Returns: A Revisit to Japan and Taiwan.49th Annual Meeting of the Southwestern Finance Association.
  • Chen, C. (2009). The Abolishment of QFII's Investment Quota in Taiwan.48th Annual Meeting of the Southwestern Finance Association.
  • Chen, C. (2007). Exchange Market Liberalization, Foreign Direct Investment, and Stock Returns in South Korea.International Academy of Business and Economics-2007 Las Vegas Annual Conference.
  • Chen, C. (2007). Exchange Market Liberalization, Foreign Direct Investment, and Stock Returns in South Korea.46th Annual Meeting of the Southwestern Finance Association.
  • Chen, C. (2006). Reading Behaviors under Floating Exchange Rate System: An Analysis of South Korea's Financial Market.14th Annual Conference on Pacific Basin Finance, Economics, and Accounting and 2006 Annual FeAT Conference.
  • Chen, C. (2006). Foreign Direct Investment, Exchange Rate Systems, and Stock Returns in South Korea.2006 Taiwan Conference on Business and Information (TBI2006).
  • Chen, C. (2006). Foreign Direct Investment, Exchange Rate Systems, and Stock Returns in South Korea.2006 International Conference on New Global Management Environment.
  • Chen, C. (2006). Are They Hedgers or Speculators? Evidences from South Korea's Political Elections.6th Annual Hawaii International Conference on Business.
  • Chen, C. (2006). The Positive and Negative Impacts of the SARS Outbreak: A Case of Taiwan Industries.6th Annual Hawaii International Conference on Business.
  • Chen, C. (2006). Monetary Policy, Firm Size, and Stock Returns.Ching-Yun University.
  • Chen, C. (2005). Downside Risk Measures and Equity Returns in the NYSE.2005 International Conference on Business and Finance.
  • Chen, C. (2005). The Discount Rate and Return Volatility of ETF: Evidence from UK, France, Germany, and Japan. Ninth Conference on Finance: Theories and Practices.
  • Chen, C. (2005). Political Elections and Foreign Investor Trading in South Korea's Financial Market.Hsuan Chuang University.

Book Chapters

Refereed

  • Chen, C. & Shen, C. (2015). Impacts of the Stock Market Liberalization in China: Evidence from Foreign Institutional Investor Scheme.Globalization. Academy Publish, Wyoming.
  • Chen, C. (2015). The Effects of Adopting and Discarding Sports Teams on Firm Values: Evidence from Taiwan. The Sports Business in The Pacific Rim. Springer Verlag.

Presentation of Refereed Papers

  • Chen, C. & Tang, W. (2021). Dynamic Spillover and Contagion on Stock Returns in the UK, Germany, and France: Does Euro Matter? 2021 Virtual Conference of the Academy of Economics and Finance, Virtual, Virtual.
  • Chen, C. & Tang, W. (2021). Influences of Mobile Payment Usage on Financial Behaviors. 2021 Virtual Conference of Southwestern Finance Association, Virtual, Virtual.
  • Chen, C. (2020). Transmission Process and Determinants of Sovereign Credit Contagions. 2020 Financial Management Association Annual Meeting, New York, New York.
  • Chen, C. (2020). Financial Literacy and Mobile Payment in the United States. 2020 Southwestern Finance Association Annual Meeting, San Antonio, Texas.
  • Tang, W. & Chen, C. (2020). Are Convertible Bonds Underpriced in China? 2020 Annual Conference of the Academy of Economics and Finance, Atlanta, Georgia.
  • Chen, C. (2019).Analyzing the Impacts of Foreign Exchange and Oil Price on Biofuel Commodity Futures.2019 Annual Meeting of the Academy of Economics and Finance, St. Petersberg, Florida.
  • Chen, C. (2019).Corporate Leverage, Credit Spreads and Investments - An Implied Cost of Capital Approach.2019 World Finance Conference, Santiago do, Chile.
  • Chen, C. & Tang, W. (2018).Financial Distress Prediction Model: An Emerging Market Evidence.2018 Annual Meeting of the Academy of Economics and Finance, Houston, Texas.
  • Chen, C. (2018).The Contagion Effects of Volatility Indices across U.S. and Europe.2018 Financial Intelligence and Econometric Analysis Conference, Hsinchu, Taiwan.
  • Chen, C. (2018).Corporate Leverage, Credit Spreads and Investments - An Implied Cost of Capital Approach.26th Conference on the Theories and Practices of Securities and Financial Markets, Kaohsiung, Taiwan.
  • Chen, C. & Tang, W. (2017). B-Shares' Discount Puzzle in China: A Revisit of Dual-Share Firms.2017 Southwestern Finance Association, Little Rock, Arkansas.
  • Chen, C. (2017). Forgive or Award Your Debtor? A Barrier Option Approach.25th Conference on the Theories and Practices of Securities and Financial Markets, Kaohsiung, Taiwan.
  • Chen, C. & Tang, W. (2017). B-Shares' Discount Puzzle in China: A Revisit of Dual-Share Firms.2017 Financial Management Association International, Boston, Massachusetts.
  • Chen, C. (2017).Financial Statement Effects of Adopting IFRS: The Canadian Experience.40th Annual Congress of the European Accounting Association, Valencia, Spain.
  • Chen, C. (2016).Influence of Rumors in Taiwan's Stock Market. 2016 Annual Meeting of the Southwestern Finance Association, Oklahoma, Oklahoma.
  • Chen, C. (2016).Influence of Rumors in Taiwan's Stock Market. 2016 Annual Meeting of the Midwest Finance Association, Atlanta, Georgia.
  • Chen, C. (2015).Value Relevance and the Adoption of IFRS: Canadian Experience. 2015 Annual Meeting of the American Accounting Association, Chicago, Illinois.
  • Chen, C. (2015).Value Relevance and the Adoption of IFRS: Canadian Experience. 2015 Journal of International Accounting Research Conference, Sao Paolo, Brazil.
  • Chen, C. (2015).Exchange Market Liberalization, FDI Flows, and Stock Returns in Korea. 54th Annual Meeting of the Southwestern Finance Association, Houston, Texas.
  • Chen, C. (2014).Adopting IFRS in Canada: The Impact on TSX Top 100 Firms. 12th World Congress of Accounting Educators and Researchers - IAAER, Florence, Italy.
  • Chen, C. (2013).Impacts of the Stock Market Liberalization in China: Evidence from the Foreign Institutional Investor Scheme. 2013 Midwest Finance Association Annual Meeting, Chicago, Illinois.
  • Chen, C. (2012).Assessing the Effects of Sports Marketing on Stock Returns: Evidence from the Nippon Professional Baseball Series. 48th Annual Meeting of the Eastern Finance Association, Boston, Massachusetts.
  • Chen, C. (2012).The Effects of Investment Deregulation of B-shares on China's Stock Market: Perspectives of Dual-listed Firms. 2012 Southern Finance Association Annual Meeting, Charleston, South Carolina.
  • Chen, C. (2011).Panel Data Analyses of the Pecking Order Theory and the Market Timing Theory of Capital Structure in Taiwan. 50th Annual Meeting of the Southwestern Finance Association, Houston, Texas.
  • Chen, C. (2011).Assessing the Effects of Sports Marketing on Stock Returns: Evidence from the Nippon Professional Baseball Series. 2011 Taiwan Conference on Business and Information, Taipei, Taiwan.
  • Chen, C. (2010).The Uncertainty of Interest Rate and Exchange Rate on Stock Returns: A Revisit to Japan and Taiwan.49th Annual Meeting of the Southwestern Finance Association, Dallas, Texas.
  • Chen, C. (2010).VaR and the Cross-Section of Expected Stock Returns: An Emerging Market Evidence.49th Annual Meeting of the Southwestern Finance Association, Dallas, Texas.
  • Chen, C. (2010).Trading Behaviors among Major Investors in the USD Currency Futures Markets Evidence from South Korea.International Conference on Business And Information (BAI 2010), Kitakyushu, Japan.
  • Chen, C. (2009, February).The Abolishment of QFII's Investment Quota in Taiwan.the 48th Annual Meeting of the Southwestern Finance Association, Oklahoma City, Oklahoma.
  • Chen, C. (2008, November).Rumors and Stock Returns: A Study of Taiwan.the 15th Industry Management Conference, Taipei, Taiwan.
  • Chen, C. (2008).The Announcement Effect of Cash Dividend Changes on Share Prices: An Empirical Analysis of China.57th Annual Meeting of the Midwest Finance Association, San Antonio, Texas.
  • Chen, C. (2008).The Influence of Rumors on Price Changes and Trading Activity in Taiwan's Stock Market.2008 Annual Meeting of the Financial Management Association International, Dallas, Texas.
  • Chen, C. (2008, November).The Uncertainty of Interest Rate and Exchange Rate, Stock Return, and Firms Size in Taiwan and Japan: A Revisit. The 2008 Southern Finance Association, Key West, Florida.
  • Chen, C. (2007).Trading Behaviors and Currency Market Liberalization in South Korea.2007 Annual Meeting of the Financial Management Association International, Orlando, Florida.
  • Chen, C. (2007).Exchange Market Liberalization, Foreign Direct Investment, and Stock Returns in South Korea.46th Annual Meeting of the Southwestern Finance Association, San Diego, California.
  • Chen, C. (2006).The Positive and Negative Impacts of the SARS Outbreak: A Case of Taiwan Industries.6th Annual Hawaii International Conference on Business, Honolulu, Hawaii.
  • Chen, C. (2006).Trading Behaviors under Floating Exchange Rate System: An Analysis of South Korea's Financial Markets.2006 Southern Finance Association Annual Meetings, Destin, Texas.
  • Chen, C. (2006).Trading Behaviors under Floating Exchange Rate System: An Analysis of South Korea's Financial Market.14th Annual Conference on Pacific Basin Finance, Economics, and Accounting and 2006 Annual FeAT Conference, Taipei, Taiwan.
  • Chen, C. (2006).The Positive and Negative Impacts of the SARS Outbreak: A Case of Taiwan Industries.International Conference on Business and Information, Singapore, Singapore.
  • Chen, C. (2006).Trading Behaviors under Free-Floating Exchange Rate System: An analysis of South Korea's Financial Markets.2006 AsianFA/FMA Conference, Auckland, New Zealand.
  • Chen, C. (2006).Foreign Direct Investment, Exchange Rate Systems, and Stock Returns in South Korea.2006 Taiwan Conference on Business and Information (TBI2006), Taipei, Taiwan.
  • Chen, C. (2006).Monetary Policy, Firm Size, and Stock Returns.Ching-Yun University, Jong-Li, Taiwan.
  • Chen, C. (2006). Are They Hedgers or Speculators? Evidences from South Korea's Political Elections.6th Annual Hawaii International Conference on Business, Honolulu, Hawaii.
  • Chen, C. (2005).Downside Risk Measures and Equity Returns in the NYSE.2005 International Conference on Business and Finance, Taipei, Taiwan.
  • Chen, C. (2005).The Intraday Behaviors and Relationships with Its Underlying Assets: Evidence on Option Market in Taiwan.Shih Chien University, Taipei, Taiwan.
  • Chen, C. (2005).Political Elections and Foreign Investor Trading in South Korea's Financial Market.Hsuan Chuang University, Hsinchu, Taiwan.
  • Chen, C. (2005).The Discount Rate and Return Volatility of ETF: Evidence from UK, France, Germany, and Japan.Ninth Conference on Finance: Theories and Practices, Taichung, Taiwan.
  • Chen, C. (2005).The Effect of IPO Lockup Agreements on Stock Prices: An Empirical Analysis on the Taiwan Stock Exchange.2005 Annual Meeting of the Financial Management Association International, Chicago, Illinois.
  • Chen, C. (2005).The Impact of U.S. and Taiwan Macroeconomic Information Announcements on Taiwan Stock Market.Chung Hua University, Taipei, Taiwan.
  • Chen, C. (2005).The Motivations of Issuing Convertible Bonds - An Inquiry of the Sequential-financing Hypothesis.Ching-Yun University, Jongli, Taiwan.
  • Chen, C. (2005).The Intraday Behaviors and Relationships with Its Underlying Assets: Evidence on Option Market in Taiwan.Da-Yeh University, Changhua, Taiwan.
  • Chen, C. (2005). Are They Hedgers or Speculators? Evidences from South Korea's Political Elections.Da-Yeh University, Changhua, Taiwan.
  • Chen, C. (2005).The Relationships among the Asian Stock Markets: Evidence from the Lowest Index of Japan's Stock Market.National Taipei College of Business, Taipei, Taiwan.
  • Chen, C. (2004).Re-examining the Corporate Bankruptcy Prediction Model: Inclusion of Corporate Governance Variables and the Application of Logistic Model.2004 Conference on Financial Theory and Practices, Taipei, Taiwan.
  • Chen, C. (2003).The Effect of IPO Lockup Agreements on Stock Prices: An Empirical Analysis on the Taiwan Stock Exchange.2003 Hawaii International Conference on Business, Honolulu, Hawaii.
  • Chen, C. (2001).Correlation in Price Changes and Volatility of International Stock Markets.2001 Annual Meeting of the Taiwan Finance Association, Taipei, Taiwan.

Grants

  • 2018: Chen, C. Provost's Summer Research Award, Principal Investigator, Provost's Office.
  • 2015: Chen, C. Mini Research Grant, Principal Investigator, Division of Research and Sponsored Programs, Tennessee State University.
  • 2012: Chen, C. Tennessee State University Summer Research Grant, Tennessee State University.
  • 2011: Chen, C. Tennessee State University Faculty Development Grants, Tennessee State University.
  • 2010: Chen, C. Tennessee State University Summer Research Grant, Tennessee State University.
  • 2010: Chen, C. Tennessee State University Faculty Development Grants, Tennessee State University.
  • 2009: Chen, C. Tennessee State University Summer Research Grant, Tennessee State University.
  • 2007: Chen, C. NSC (National Science Council, Taiwan) Research Grant, National Science Council, Taiwan.
  • 2006: Chen, C. NSC (National Science Council, Taiwan) Research Grant, National Science Council, Taiwan.
  • 2005: Chen, C. NSC (National Science Council, Taiwan) Research Grant, National Science Council, Taiwan.

Funded

  • 2015: Chen, C. Mini Research Grant, Principal Investigator, Division of Research and Sponsored Programs, Tennessee State University.
  • 2012: Chen, C. Tennessee State University Summer Research Grant, Tennessee State University.
  • 2011: Chen, C. Tennessee State University Faculty Development Grants, Tennessee State University.

Other Research

  • 2020: Tang, W., Are Convertible Bonds Underpriced In China?