Ruiyuan Chen, Ph.D.

Expertise

Dr. Chen’s research interests include privatization, state ownership, and corporate governance. Specifically, he investigates the role of state ownership in the context of privatization and sovereign wealth funds. He also examines the role of corporate governance in corporate decision making. Dr. Chen has published in several top journals including The Accounting Review, Journal of Financial and Quantitative Analysis, Journal of International Business Studies, and Journal of Corporate Finance, among others.

He teaches taught several undergraduate courses including business finance, intermediate finance, bank management, and international finance. He also teaches Ph.D. seminar in corporate finance.

In addition to his service to the professional field as a referee for journals, and program committee for academic conferences, Dr. Chen currently serves as an Associate Editor at the Review of International Business and Finance. Moreover, he has served on the departmental undergraduate committee, Ph.D. committee, hiring committee, and strategic planning committee. Dr. Chen also serves as Ph.D. dissertation committee chair and committee member for Ph.D. students in the finance department at the West Virginia University. 

Education

University of South Carolina 
Ph.D. in International Finance 2017

Bocconi University, Italy
M.Sc. in Economics 2012

Wuhan University, China
B.A. in Finance 2008

Honors Awards

• Department of Finance Distinction in Teaching Award, West Virginia University
• Department of Finance Distinction in Research Award, West Virginia University
• Best Paper Award, Southwest Finance Association
• Best Paper Award, Frontier of Business Research
• Best Young Scholar Award, Frontier of Business Research
• Promising Researcher Award, University of South Carolina
• Charles Coker Graduate Fellowship, University of South Carolina   
• Performance Above and Beyond Award, University of South Carolina        
• PhD Fellowship, University of South Carolina   
• Winner of the GWU-CIBER Best Paper Award
• Best Paper Proceedings of Academy of Management

Recent Publications

‘‘Sovereign Wealth Funds and Cost of Debt: Evidence from Syndicated Loan,’’ with F. Liu and Y. Zhao. Journal of Corporate Finance 82: 102446 (2023).

 ‘‘Corporate Governance and Tax Avoidance: Evidence from U.S. Cross-listing,’’ with S. El Ghoul, O. Guedhami, H. Wang and Y. Yang. The Accounting Review 97: 49–78 (2022).

 ‘‘The Corporate Governance Consequences of Small Shareholdings:" Evidence from Sovereign Wealth Fund Cross-border Investments,’’ with S. El Ghoul, O. Guedhami and F. Liu. Corporate Governance: An International Review 30: 656-685 (2022).

‘‘State Ownership and Trade Credit: Opportunities and Motivations,’’ with S. El Ghoul, O. Guedhami, C. Kwok, and R. Nash. Journal of International Business Studies 52: 1121–1158 (2021).

‘‘Corporate Governance and Cash Holdings: Evidence from Worldwide Board Reforms,’’ with O. Guedhami, Y. Yang, and G. Zaynutdinova. Journal of Corporate Finance 65: 101771 (2020).

‘‘Who Wins and Who Loses from Bank Geographic Deregulation? Analysis of Financially Constrained and Unconstrained Firms,’’ with A. Berger, S. El Ghoul, and O. Guedhami. Journal of Corporate Finance 65: 101775 (2020).

‘‘State Ownership and Stock Liquidity: Evidence from Privatization,’’ with N. Boubakri, S. El Ghoul, O. Guedhami, C. Kwok, and R. Nash. Journal of Corporate Finance 65: 101763 (2020).

‘‘State Ownership and Corporate Cash Holdings,’’ with S. El Ghoul, O. Guedhami, and R. Nash. Journal of Financial and Quantitative Analysis 53: 2293-2334 (2018).

‘‘Do State and Foreign Ownership Affect Investment Efficiency? Evidence from Privatization,’’ with S. El Ghoul, O. Guedhami, and H. Wang. Journal of Corporate Finance 42: 408-421 (2017).