Fan Chen, PhD

Dr. Chen is an Associate Professor of Finance at Pacific University, known for his dedication to teaching and research in accounting, economics, and finance. Since 2012, he has taught both undergraduate and graduate courses at four institutions, earning continuous recognition for his teaching excellence. His honors include the Price Finance Teaching Excellence Award at the University of Oklahoma (2013), the President’s Award for Excellence in Graduate Teaching at Pacific University (2023), and the College of Business Outstanding Educator of the Year (2024). His consistently high teaching evaluations reflect his commitment to student engagement, intellectual growth, and practical applications in finance.

Dr. Chen’s research contributions span Corporate Finance, Market Microstructure, and Energy Economics, with a strong publication record in leading journals such as the Journal of Financial Research, Energy Economics, Pacific-Basin Finance Journal, and the Journal of Economics and Business, where his paper on mergers and acquisitions won the Best Paper Prize in 2020. His work has also been honored with a best conference paper award and two semifinalist recognitions, demonstrating his impact within the academic community. Dr. Chen frequently presents his research at prominent conferences, including the European Finance Association and Financial Management Association, highlighting the international reach of his scholarship. His sustained contributions to research have been further recognized by Pacific University through Faculty Development Grants (2019) and the Story-Dondero Professional Research Grants (2020, 2021, and 2024).

In addition to his teaching and research, Dr. Chen is deeply committed to student mentorship. His guidance has been instrumental to his students, many of whom have received prestigious accolades, including the SUNY Robert Barry Carson Best Paper Award (2016), and the SUNY Chancellor’s Award for Student Excellence (2018), and the Pacific University Outstanding Graduate Award (2021).

Overall, Dr. Chen’s achievements in teaching, research, and mentorship make him a respected and valued member of the Pacific University community.

Education

PhD in Finance, University of Oklahoma (Price College of Business), August 2014

M.S. in Finance, Singapore Management University, Singapore, 2009

M.A. in Economics, Xiamen University (Wang Ya'nan Institute for Studies in Economics), China, 2009

B.A. in Financial Engineering, Xiamen University, China, 2006

Publications

1. Merton Model’s Prediction and Empirical Evidence on Bond and Equity Prices Reaction to New Bond Issues. Applied Economics (2022). https://doi.org/10.1080/00036846.2020.1861205
2. How a New Bond Issuance Affects the Liquidity of A Bond Portfolio. (with Duane Stock). Journal of Fixed Income Fall (2021). https://doi.org/10.3905/jfi.2021.1.117
3. The Wealth Effects of Mergers and Acquisitions on Bondholders: New Evidence from the Over-the-Counter Market, (with Krishnan Ramaya and Wei Wu). Journal of Economics and Business 107, January-February, (2020). https://doi.org/10.1016/j.jeconbus.2019.105862
   • Journal of Economics and Business Best Paper Award-2020
4. The Impact of New Debt Offerings on Existing Corporate Bondholders, (with Duane Stock). Journal of Financial Research. (2018) Vol.41 (3), p.383-410. https://doi.org/10.1111/jfir.12157
   • Semifinalist for the Best Paper Award in Corporate Finance, Financial Management Association-2016.
5. Pre-trade Transparency in Over-the-Counter Bond Markets, with Zhuo Zhong, Pacific-Basin Finance Journal 45, October, (2017): 14-33. https://doi.org/10.1016/j.pacfin.2016.08.001
   • Best Paper Award sponsored by Capital Markets CRC, the 5th Behavioral Finance and Capital Markets Conference-2015.
6. Investment and Operating Choice: Oil and Natural Gas Futures Prices and Drilling Activity, with Scott Linn, Energy Economics 66, August, (2017): 54-68.https://doi.org/10.1016/j.eneco.2017.05.012
7. The Wealth Effects of Dividend Announcements on Bondholders: New Evidence from the Over-the-counter Market, Journal of Economics and Business 86, July-August, (2016): 52-75. http://dx.doi.org/10.1016/j.jeconbus.2016.04.003
   • Semifinalist for the Best Paper Award in Corporate Finance, Financial Management Association-2012.