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Nai-fu Chen

Nai-fu Chen

Professor Emeritus, Finance

SB2 407

949.824.8011

nchen@uci.edu  

Education

PhD in Finance, UC Los Angeles
PhD in Mathematics, UC Berkeley

Research Interest

Stability of currency and banking systems

Macroeconomic impact on investing

GDP growth, inflation, interest rates, credit risk and the financial market

Hedge funds: asset allocations and portfolio management


Nai-fu Chen’s research involves the stability of currencies and financial systems across countries. His research was instrumental in helping Hong Kong stabilize its currency during the Asian Financial Crisis. He is also interested in the relationship between financial markets and economic factors like inflation, interest rates, credit risk and production growth. 

He has also investigated the relationship between market expectations and various states of the economy; the risk and return of value stocks; the structural and return characteristics of small and large firms; and how expected returns and expected risk premiums are related to proxy variables such as book-to-market, leverage, size and P/E ratios. His research has appeared in various publications, including the Journal of Business, the Journal of Finance, and the International Review of Finance.  

Professor Chen serves as an advisor to various asset managers and hedge funds as well as various central banks and monetary authorities.

Publications

Research

Professor Chen’s current research involves the stability of currencies and financial systems across countries. He is also interested in the relation between financial markets and economic factors like inflation, interest rates, credit risk, production growth; the relation between market risk premiums and the states of the economy; and how expected returns and expected risk premiums are related to proxy variables such as book-to-market, leverage, size, P/ E ratios. He is an advisor to various asset managers and hedge funds on asset allocations and portfolio management as well as various central banks and monetary authorities.

Selected Publications

Bio

Biography: Education

PhD in Finance, 1981 
Graduate School of Management, University of California, Los Angeles 
 
Postdoctoral Fellow in Numerical Analysis (NASA), 1975-1976 
Lawrence Berkeley Laboratory, Berkeley, California 
 
PhD in Numerical Analysis, 1975 
Mathematics Department, University of California, Berkeley 
 
AB in Mathematics, 1972 
Mathematics Department, University of California, Berkeley 

EXPERIENCE

  • Professor of Finance, 1989 - present, Merage School of Business, University of California, Irvine
  • Head and Adjunct Professor, 1990-present, Department of Finance, School of Business and Management, Hong Kong University of Science and Technology
  • Docent, 1991 - present, Swedish School of Economics and Business Administration, Helsinki, Finland
  • Associate and Assistant Professor of Finance, 1981-1989, Graduate School of Business, University of Chicago
  • Assistant Professor, 1980-1981, Economics Department, University of California, Santa Barbara
  • Assistant Professor, 1976-1978, Mathematics Department, University of Southern California