Tao Chen

Nanyang Technological University (NTU) - Division of Banking & Finance

S3-B1A-08, Nanyang Avenue

Singapore, 639798

Singapore

SCHOLARLY PAPERS

24

DOWNLOADS
Rank 6,402

SSRN RANKINGS

Top 6,402

in Total Papers Downloads

8,203

SSRN CITATIONS
Rank 8,538

SSRN RANKINGS

Top 8,538

in Total Papers Citations

118

CROSSREF CITATIONS

30

Scholarly Papers (24)

1.
Downloads 1,695 ( 11,897)
Citation 19

Financial Innovation: The Bright and the Dark Sides

Number of pages: 82 Posted: 25 Jan 2012 Last Revised: 29 Jul 2014
City University London - Sir John Cass Business School, Nanyang Technological University (NTU) - Division of Banking & Finance, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - School of Economics and Finance
Downloads 1,409 (15,634)
Citation 4

Abstract:

Loading...

Financial Innovation, Financial R&D Intensity, Bank Risk Taking, Financial Crisis, Industrial Growth, Finance and Growth

Financial Innovation: The Bright and the Dark Sides

HKIMR Working Paper No.05/2012
Number of pages: 52 Posted: 06 Mar 2012 Last Revised: 15 Jun 2014
City University London - Sir John Cass Business School, Nanyang Technological University (NTU) - Division of Banking & Finance, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - School of Economics and Finance
Downloads 286 (126,612)
Citation 17

Abstract:

Loading...

Financial Innovation, Financial R&D Intensity, Bank Risk Taking, Financial Crisis, Industrial Growth, Finance and Growth

2.

Do Analysts Matter for Governance? Evidence from Natural Experiments

Number of pages: 77 Posted: 16 Nov 2012 Last Revised: 05 Mar 2015
Tao Chen, Jarrad Harford and Chen Lin
Nanyang Technological University (NTU) - Division of Banking & Finance, University of Washington and The University of Hong Kong - Faculty of Business and Economics
Downloads 1,350 (17,054)
Citation 53

Abstract:

Loading...

Financial analyst, Monitoring, Natural experiment, Analyst coverage, Value of cash holding, CEO excess compensation, Acquisition, Earnings management

3.
Downloads 1,345 ( 17,143)
Citation 5

Financial Flexibility and Corporate Cash Policy

Finance Down Under 2014 Building on the Best from the Cellars of Finance
Number of pages: 57 Posted: 27 Jul 2013 Last Revised: 31 Oct 2013
Tao Chen, Jarrad Harford and Chen Lin
Nanyang Technological University (NTU) - Division of Banking & Finance, University of Washington and The University of Hong Kong - Faculty of Business and Economics
Downloads 838 (33,634)
Citation 3

Abstract:

Loading...

Cash policy, Debt capacity, Collateral, Real estate value, Cash holding, Marginal value of cash, Cash flow sensitivity of cash

Financial Flexibility and Corporate Cash Policy

HKIMR Working Paper No. 05/2017
Number of pages: 57 Posted: 22 Mar 2017
Tao Chen, Jarrad Harford and Chen Lin
Nanyang Technological University (NTU) - Division of Banking & Finance, University of Washington and The University of Hong Kong - Faculty of Business and Economics
Downloads 507 (65,320)
Citation 3

Abstract:

Loading...

Financial Flexibility, Collateral Value, Cash Policy, Real Estate Prices

4.

Institutional Shareholders and Corporate Social Responsibility

Second Annual Volatility Institute at NYU Shanghai (VINS) 2016
Number of pages: 63 Posted: 27 Feb 2017 Last Revised: 16 Aug 2019
Tao Chen, Hui Dong and Chen Lin
Nanyang Technological University (NTU) - Division of Banking & Finance, Shanghai University of Finance and Economics - School of Accountancy and The University of Hong Kong - Faculty of Business and Economics
Downloads 797 (36,509)
Citation 24

Abstract:

Loading...

Institutional Ownership, Indexing, Shareholder Attention, Corporate Social Responsibility

5.

Institutional Ownership and Audit Quality: Evidence from Russell Index Reconstitutions

Number of pages: 45 Posted: 09 Oct 2016 Last Revised: 05 Jul 2020
Tao Chen, Hui Dong and Chen Lin
Nanyang Technological University (NTU) - Division of Banking & Finance, Shanghai University of Finance and Economics - School of Accountancy and The University of Hong Kong - Faculty of Business and Economics
Downloads 664 (46,860)
Citation 2

Abstract:

Loading...

Institutional Ownership, Indexing,Readability, Audit Quality, Audit Risk

6.

Trade Liberalization, Financial Flexibility, and Corporate Tax Avoidance

Number of pages: 46 Posted: 09 Sep 2013 Last Revised: 17 Jun 2018
Tao Chen and Chen Lin
Nanyang Technological University (NTU) - Division of Banking & Finance and The University of Hong Kong - Faculty of Business and Economics
Downloads 479 (70,859)
Citation 3

Abstract:

Loading...

Trade liberalization, Product market competition, Import tariff rate, Financial flexibility, Tax avoidance

7.

Institutions, Board Structure, and Corporate Performance: Evidence from Chinese Firms

Number of pages: 54 Posted: 01 Oct 2011 Last Revised: 02 Apr 2014
Tao Chen
Nanyang Technological University (NTU) - Division of Banking & Finance
Downloads 414 (84,345)
Citation 6

Abstract:

Loading...

Corporate Governance, Property Rights, Institutions, Board Size and Structure, Firm Performance

8.

Dual Ownership and Risk-taking Incentives in Managerial Compensation

Number of pages: 56 Posted: 30 Jul 2019 Last Revised: 03 Nov 2020
Tao Chen, Li Zhang and Qifei Zhu
Nanyang Technological University (NTU) - Division of Banking & Finance, Nanyang Technological University (NTU) and Nanyang Technological University (NTU) - Nanyang Business School
Downloads 266 (137,391)

Abstract:

Loading...

Managerial risk-taking, Option-based compensation, Shareholder-creditor conflict, Dual ownership

9.

Tariff Uncertainty and Firm Innovation: Evidence from the U.S.-China Permanent Normal Trade Relation

Journal of Empirical Finance, Forthcoming
Number of pages: 45 Posted: 13 Jun 2019 Last Revised: 16 Feb 2021
Tao Chen, Huasheng Gao and Yuxi Wang
Nanyang Technological University (NTU) - Division of Banking & Finance, Fanhai International School of Finance, Fudan University and Shanghai Jiao Tong University - Antai College of Economics and Management
Downloads 216 (168,158)

Abstract:

Loading...

Permanent Normal Trade Relations, Innovation, Patents, Imports, China

10.

Does Information Asymmetry Affect Corporate Tax Aggressiveness?

27th Australasian Finance and Banking Conference 2014 Paper, Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 69 Posted: 06 Aug 2014 Last Revised: 17 Jun 2018
Tao Chen and Chen Lin
Nanyang Technological University (NTU) - Division of Banking & Finance and The University of Hong Kong - Faculty of Business and Economics
Downloads 190 (189,372)
Citation 4

Abstract:

Loading...

Information asymmetry; Analyst coverage; Corporate tax aggressiveness; Natural experiment; Broker closures and mergers

11.

Globalization and U.S. Corporate Tax Policies: Evidence From Import Competition

Number of pages: 67 Posted: 06 Mar 2018 Last Revised: 16 Mar 2021
Tao Chen, Chen Lin and Xiang Shao
Nanyang Technological University (NTU) - Division of Banking & Finance, The University of Hong Kong - Faculty of Business and Economics and Fudan University - School of Management
Downloads 172 (207,741)
Citation 1

Abstract:

Loading...

Globalization, Tax Policies, Natural Experiment, Chinese Import Competition, Permanent Normal Trade Relations

12.

The Unintended Consequence of Land Finance: Evidence from Corporate Tax Avoidance

Number of pages: 51 Posted: 10 Feb 2018 Last Revised: 09 Aug 2019
Nanyang Technological University (NTU) - Division of Banking & Finance, Southwestern University of Finance and Economics (SWUFE), Nanjing University and Hong Kong Polytechnic University
Downloads 172 (206,652)

Abstract:

Loading...

Fiscal pressure; tax avoidance; land transfer revenue; political incentives

13.

Marginal Cost of Risk-Based Capital and Risk-Taking

Number of pages: 54 Posted: 03 Apr 2017 Last Revised: 26 Mar 2019
Nanyang Technological University (NTU) - Division of Banking & Finance, Risk Lighthouse International, Singapore, Nanyang Technological University (NTU) - Nanyang Business School and Fudan University
Downloads 161 (218,523)

Abstract:

Loading...

Risk-based capital; Risk taking; Capital regulation; Insurance companies

14.

Bank Competition and Corporate Environmental Performance

Nanyang Business School Research Paper No. 20-15
Number of pages: 43 Posted: 16 Jul 2020 Last Revised: 08 Apr 2021
Fudan University - School of Economics, Nanyang Technological University (NTU) - Division of Banking & Finance, Fudan University, Fudan University and Fudan University - School of Economics
Downloads 120 (275,724)

Abstract:

Loading...

Bank competition, Credit conditions, Environmental performance, Corporate social responsibilities

15.

Investors’ Financial Health and Municipal Bond Liquidity Risk

Number of pages: 45 Posted: 10 Jul 2019
Tao Chen, Shinichi Kamiya and Pingyi Lou
Nanyang Technological University (NTU) - Division of Banking & Finance, Nanyang Technological University (NTU) - Nanyang Business School and Fudan University - School of Economics
Downloads 53 (444,327)

Abstract:

Loading...

insurance companies, municipal bonds, risk premium, liquidity

16.

Racial Disparities in Small Business Lending

Number of pages: 25 Posted: 07 Apr 2021
Tao Chen, Chen Lin and Bo Sun
Nanyang Technological University (NTU) - Division of Banking & Finance, The University of Hong Kong - Faculty of Business and Economics and Board of Governors of the Federal Reserve System
Downloads 42 (493,575)

Abstract:

Loading...

Racial disparities, Small business lending, Interstate branching deregulation

17.

Analyst Coverage and Corporate Risk-Taking: Evidence From Property-Casualty Insurance Firms

Number of pages: 59 Posted: 11 Feb 2021
Nanyang Technological University (NTU) - Division of Banking & Finance, Nanyang Technological University (NTU) - Nanyang Business School, Fudan University - School of Economics and University of Cyprus - Department of Accounting and Finance
Downloads 39 (502,689)

Abstract:

Loading...

Analyst Coverage, Risk-Taking, Insurance

18.

Standing in the Limelight: Sophisticated Active Attention and Managerial Bad News Hoarding

33rd Australasian Finance and Banking Conference 2020
Number of pages: 76 Posted: 12 Feb 2021
Tao Chen and Jimmy Chengyuan Qu
Nanyang Technological University (NTU) - Division of Banking & Finance and Nanyang Technological University (NTU) - Nanyang Business School
Downloads 24 (584,056)

Abstract:

Loading...

sophisticated active attention, EDGAR searching volume, stock price crash risk, bad news hoarding, pressure effect

19.

Impact of Competition on Innovations of IT Industry: An Empirical Investigation

Forthcoming at Journal of Management Information Systems
Number of pages: 33 Posted: 20 Aug 2018 Last Revised: 19 Apr 2021
Nanyang Technological University (NTU) - Division of Banking & Finance, University of Florida - Warrington College of Business, The Hong Kong Polytechnic University, Peking University and University of Florida - Warrington College of Business Administration
Downloads 4 (726,658)

Abstract:

Loading...

Product Market Competition, Innovation, Information Technology, Patent, Import Tariff

20.

Labor Unionization and Real Earnings Management: Evidence from Labor Elections

Posted: 19 Mar 2021
Tao Chen and Jimmy Chengyuan Qu
Nanyang Technological University (NTU) - Division of Banking & Finance and Nanyang Technological University (NTU) - Nanyang Business School

Abstract:

Loading...

Labor Unionization; NLRB; Management Pressure; Real Earnings Management; Regression Discontinuity Design

21.

Institutional Cross-blockholding and Stakeholder Interests: Evidence from Corporate Social Responsibility

Posted: 09 Mar 2021
Tao Chen and Jimmy Chengyuan Qu
Nanyang Technological University (NTU) - Division of Banking & Finance and Nanyang Technological University (NTU) - Nanyang Business School

Abstract:

Loading...

Institutional Cross-blockholding; Corporate Social Responsibility; Investor Distraction

22.

Competition Laws and Earnings Management: International Evidence

Posted: 18 Feb 2021 Last Revised: 07 Apr 2021
Tao Chen and Jimmy Chengyuan Qu
Nanyang Technological University (NTU) - Division of Banking & Finance and Nanyang Technological University (NTU) - Nanyang Business School

Abstract:

Loading...

Earnings management, Competition laws, Pressure effect

23.

How Does Analysts' Forecast Quality Relate to Corporate Investment Efficiency

Journal of Corporate Finance, Vol. 43, 2017
Posted: 05 Dec 2018
Tao Chen, Lingmin Xie and Yuanyuan Zhang
Nanyang Technological University (NTU) - Division of Banking & Finance, Shenzhen University and Sun Yat-Sen University (SYSU) - Lingnan (University) College

Abstract:

Loading...

Investment efficiency, Over-investment, Under-investment, analysts' forecast quality

24.

Does Credit Rating Conservatism Matter for Corporate Tax Avoidance

Posted: 11 May 2017 Last Revised: 08 May 2019
Tao Chen, Sidney Leung and Lingmin Xie
Nanyang Technological University (NTU) - Division of Banking & Finance, City University of Hong Kong (CityUHK) - Department of Accountancy and Shenzhen University

Abstract:

Loading...

Credit rating conservatism, credit rating agency, corporate tax avoidance, Dodd-Frank Wall Street Reform and Consumer Protection Act, U.S. sovereign downgrade

Other Papers (4)

Total Downloads: 19
1.

Financial Innovation: The Bright and the Dark Sides

24th Australasian Finance and Banking Conference 2011 Paper
Number of pages: 64 Posted: 26 Aug 2011 Last Revised: 26 Jan 2012
City University London - Sir John Cass Business School, Nanyang Technological University (NTU) - Division of Banking & Finance, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - School of Economics and Finance
Downloads 11

Abstract:

Loading...

Financial Innovation, Financial R&D Intensity, Bank Risk Taking, Financial Crisis, Industrial Growth, Finance and Growth

2.

Interplay of Shareholder Monitoring and Loan Contracting: Theory and Evidence

29th Australasian Finance and Banking Conference 2016
Number of pages: 38 Posted: 20 Aug 2016
Tao Chen, Yu Jin and Le Zhang
Nanyang Technological University (NTU) - Division of Banking & Finance, Shanghai University of Finance and Economics and Australian National University (ANU) - College of Business and Economics
Downloads 5

Abstract:

Loading...

Shareholder monitoring, loan contracting

3.

How Does Minimum Capital Calculation Rule Affect Insurance Companies’ Risk-Taking Behavior

Number of pages: 47 Posted: 15 Feb 2017
Shinichi Kamiya, Tao Chen and Pingyi Lou
Nanyang Technological University (NTU) - Nanyang Business School, Nanyang Technological University (NTU) - Division of Banking & Finance and Fudan University
Downloads 3

Abstract:

Loading...

capital requirement, covariance, insurance, regulation

4.

Patriotic Education and Corporate Social Responsibility: Evidence from a Mandatory Military Training Program

Posted: 12 Mar 2018
Tao Chen and Tan Youchao
Nanyang Technological University (NTU) - Division of Banking & Finance and Southwestern University of Finance and Economics (SWUFE)

Abstract:

Loading...

Corporate Social Responsibility, Military Training, Patriotic Education, Natural Experiment