People and Research People

People Details

Prof. CHEN Zhiyao

陳志遥教授

Associate Professor

Address
9-216, Lau Ming Wai Academic Building, City University of Hong Kong
Phone
+852 34429843

Qualifications

PhD - Finance (University of Washington)

Biography

Prof. Chen received his PhD in Finance from the Foster School of Business, University of Washington (Seattle). His research interests mainly focus on corporate finance in connection with asset pricing, particularly in dynamic models of capital structure/credit risk, agency conflicts, mergers and acquisitions, and stock and bond returns. He has presented his research papers extensively at major conferences, such as the annual meetings of American Finance Association, Western Finance Association, European Finance Association, and SFS Cavalcade North America. His research papers have been published at the leading finance journals, including Review of Financial Studies, Journal of Financial Economics, Journal of Financial and Quantitative Analysis and Management Science. 

Selected Publications

Journal Publications and Reviews

Chen, Zhiyao; Duchin, Ran / Do Nonfinancial Firms Use Financial Assets to Take Risk?. February 2024; In: The Review of Corporate Finance Studies. Vol. 13, No. 1, pp. 1-37

Chen, Zhiyao; Hackbarth, Dirk; Strebulaev, Ilya A. / A unified model of distress risk puzzles. November 2022; In: Journal of Financial Economics. Vol. 146, No. 2, pp. 357-384

Chen, Zhiyao; Mahmudi, Hamed; Virani, Aazam; Zhao, Xiaofei / Why Are Bidder Termination Provisions Included in Takeovers?. November 2022; In: Journal of Financial and Quantitative Analysis. Vol. 57, No. 7, pp. 2860-2896

Chen, Zhiyao; Strebulaev, Ilya A.; Xing, Yuhang; Zhang, Xiaoyan / Strategic risk shifting and the idiosyncratic volatility puzzle: An empirical investigation. May 2021; In: Management Science. Vol. 67, No. 5, pp. 2751-2772

Chen, Zhiyao; Strebulaev, Ilya A. / Macroeconomic Risk and Idiosyncratic Risk-taking. March 2019; In: Review of Financial Studies. Vol. 32, No. 3, pp. 1148-1187

Chen, Zhiyao; Harford, Jarrad; Kamara, Avraham / Operating leverage, profitability, and capitala structure. February 2019; In: Journal of Financial and Quantitative Analysis. Vol. 54, No. 1, pp. 369-392

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