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Chen Tao
Associate Professor in Finance
Nanyang Business School

Tao Chen joined Nanyang Business School (NBS) as an Assistant Professor in Finance in 2014. His research interest focuses on how financial market participants influence corporate policies, particularly issues related to environmental, social and corporate governance (ESG) and how FinTech and financial innovation affect financial inclusion and risk.

He has published his work in the 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, SFS Cavalcade, AAA, FIRS, ABFER, Finance Down Under, ECCCS, top business schools, such as MIT Sloan, NYU Stern, UPenn Wharton, Cambridge Judge, LBS, LSE, UF Warrington, UNC Kenan-Flagler, leading institutions, such as NBER, Federal Reserve Board, BIS, HKMA, Luohan Academy, and covered by Financial Times, VoxEU, Lianhe Zaobao, and the Network for Business Sustainability.

Tao was invited to serve as an HKIMR research fellow by the Hong Kong Monetary Authority (HKMA). 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.

He has excellent teaching evaluations with an average of 94 (out of 100) in recent years, substantially above the school average. Due to his effective and innovative teaching, he was awarded the 2018 NBS Teaching Excellence Award. He was also nominated for the 2018 NBS Business Teaching of the Year Award.

Research Statement

Tao’s research primarily focuses on ESG and FinTech. His past and current work also fall into these two lines of inquiry. How do financial market participants influence corporate policies, particularly issues related to environmental, social and corporate governance (ESG)? What are the impacts of FinTech and financial innovation on financial inclusion and risk? These questions are of fundamental importance to academics, investors, and policymakers, and lie at the core of his research.

Research One-liner

His research focuses on how financial market participants (such as institutional investors, financial analysts, governments) influence corporate policies, particularly issues related to environmental, social and corporate governance (ESG) and how FinTech and financial innovation affect financial inclusion and risk.

Publications
  1. Chen, T., Dong, H., and Lin, C. (2020). Institutional Shareholders and Corporate Social Responsibility. Journal of Financial Economics, 135, 483-504. This paper shows that institutional shareholders can generate real social impact in affecting corporate social responsibility.
  2. Chen, T., and Lin, C. (2017). Does Information Asymmetry Affect Tax Aggressiveness? Journal of Financial and Quantitative Analysis, 52, 2053-2081. In this paper, we find that firms avoid tax more aggressively after a reduction in analyst coverage.
  3. Chen, T., Harford, J., and Lin, C. (2015). Do Analysts Matter for Governance? Evidence from Natural Experiments. Journal of Financial Economics, 115, 383-410. In this paper, we find that financial analysts play an important governance role in scrutinizing management behavior.
Latest Projects
Academic Research Fund Tier 1 (SGD75, 411.68), Singapore Ministry of Education. (Sole PI)  2019-2022
Academic Research Fund Tier 1 (SGD55, 000), Singapore Ministry of Education. (Sole PI) 

Academic Research Fund Tier 2 (SGD120, 931), Singapore Ministry of Education. (Co-PI) 

Start-Up Grant (SGD50, 000), NTU. (Sole PI)

General Program, National Natural Science Foundation of China (CNY 480, 000). (Co-PI)

General Program, Natural Science Foundation of Guangdong Province (CNY 200, 000). (Co-PI) 

The Young Scientists Fund, National Natural Science Foundation of China (CNY 170, 000). (Co-PI)

2015-2019

2015-2018

2014-2019

2019-2021

2019-2021

2016-2018

General Research Fund (HKD454, 072), Research Grants Council of Hong Kong. (Co-PI) 2012-2014
Other affiliation(s)

Expert Areas
Empirical Corporate Finance, ESG, FinTech

Research Interests
Empirical Corporate Finance, ESG, FinTech

Research Category
Accounting, Business & Management
Research Sub-category
Accounting, Business and Management
NISTH Assigned Topic Groupings
Circular economy & waste reduction, Fighting inequality, Responsible banking
Affiliated Sustainable Development Goals
GOAL 8: DECENT WORK AND ECONOMIC GROWTH – Sustainable economic growth will require societies to create the conditions that allow people to have quality jobs.
GOAL 9: INDUSTRY, INNOVATION, AND INFRASTRUCTURE – Investments in infrastructure are crucial to achieving sustainable development.
GOAL 10: REDUCED INEQUALITIES – To reduce inequalities, policies should be universal in principle, paying attention to the needs of disadvantaged and marginalized populations.
The Sustainable Development Goals (SDGs), also known as the Global Goals, were adopted by all United Nations Member States in 2015 as a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity by 2030.
Last Updated
08 Apr 2020
Last Updated
13 Sep 2020