Assistant Professor of Business
Office
Trinity Western University, Langley/BC
Phone
+1 (604) 513-2121 ext. 3310
Fax:
+1 (604) 513-2042
Website

School(s)

Department(s) or Program(s)

Biography

Dr. Chen Liu is an assistant professor in finance at Trinity Western University since 2014. Dr. Liu received her Ph.D. in Finance from Smith School of Business at Queen’s University in 2014 and holds a Bachelor of Management from the University of International Business and Economics in Beijing, China since 2006.

Dr. Liu conducts empirial research in Corporate Finance, Financial Institutions, and Entrepreneurship. Specifically, her research areas span topics that include Private Equity, Venture Capital, Leveraged Buyout (LBO), Merger & Acquisition (M&A), Banking & Debt Contracting, Entrepreneurial Finance, and Fintech. Her work has been presented at numerous international conferences including Financial Management Association, Northern Finance Association, Eastern Finance Association, and Academy of International Business US-West Chapter meetings.

On a practical side, Dr. Liu is an expert on corporate valuation. She has assisted companies in identifying good domestic and cross-border acquisition targets for strategic purpose (M&As) and financial purpose (private equity deals), with a particular focuses on strategic synergies and valuation of target companies. Dr. Liu also conducts equity research in the global market and is the co-founder and faculty advisor of TWU's Student Managed Investment Fund. 

Dr. Liu teaches Corporate Finance at both undergraduate and MBA levels. She also teaches undergraduate courses in Financial Markets & Institutions and Advanced Corporate Finance with a particular focus on equity analysis and valuation. She was voted by business students as the Professor of the Year in both 2016 and 2017. Dr. Liu has previously taught at Smith School of Business of Queen’s University.

Research & Scholarship

Scholarship Interests

(1) Corporate Finance: Valuation, Merger and Acquisition (M&A), Leveraged Buyout (LBO), Corporate Debt Policy

(2) Financial Intermediation: Private Equity, Venture Capital, Banking, Debt Contracting & Syndicated Loans

(3) Entrepreneurship, Entrepreneurial Finance, and Fintech

Ad hoc Journal Referee:

Journal of Banking and Finance

Journal of Business Ethics

Thunderbird International Business Review

Journal of Teaching in International Business

Program Committee Member:                                                       

Financial Management Association Annual Meeting, 2012, 2014, 2015, 2016, 2017

Financial Management Association Applied Finance Annual Meeting, 2017

Financial Management Association European Conference, 2012, 2014, 2015, 2016, 2017

Midwest Finance Association Annual Meeting, 2015, 2016

Academy of International Business US-West Chapter Annual Conference, 2015

Academy of International Business Annual Meeting, 2016

Northern Finance Association Annual Meeting, 2014

Eastern Finance Association Annual Meetings, 2012, 2014, 2016, 2017

Education

Ph.D. in Finance, Smith School of Business, Queen’s University, Kingston, Canada, 2014

Bachelor of Management, University of International Business and Economics, Beijing, China, 2006

    

Awards & Honors

Professor of the Year Award, Trinity Western University, 2016, 2017

TWU International Research Fund, 2017

School of Business Award, Queen’s University, 2008-2011

Graduate Award, Queen’s University, 2008-2011

DI McLeod Fellowship, Queen’s University, 2008-2011

International Tuition Award, Queen’s University, 2008-2011

Travel Award, Queen’s University, 2008-2012

Recent Publications

WORKING PAPER:

  1. “Debt Structure, Private Equity Reputation, and Performance in Leveraged Buyouts”, 2014
    Presented at:
    Queen’s School of Business Brown Bag, 2013
    Bank of Canada, 2013
    University of Windsor, 2013
    Midwest Finance Association Annual Meeting, Orlando, 2014
    Eastern Finance Association Annual Meeting, Pittsburgh, 2014
    FMA Applied Finance Conference, New York, 2014
    Financial Management Association Annual Meetings, Nashville, 2014 (scheduled)
     
  2. “Herding Behavior in Bank Lending: Evidence from U.S. Commercial Banks”, 2013
    Presented at:
    Financial Management Association Annual Meetings, Atlanta, 2012
    Northern Finance Association Annual Meetings, Niagara Falls, 2012
    Eastern Finance Association Annual Meetings, Boston, 2012
    International Banking, Economics and Finance Association Meetings, San Francisco, 2012
    International Finance and Banking Society Conference, Rome, 2011
    International Conference on Credit Risk Evaluation: Stability and Risk Control in Banking, Insurance, and Financial Markets (poster presentation), Venice, 2011
     
  3. “Private Equity Firms in LBO Value Creation: Selection vs. Treatment Effect”, 2014
    Please email me (chen.liu@twu.ca) if you are interest in my current work in progress

CONFERENCE PRESENTATIONS:

1. Bank CEO Inside Debt and Loan Contracting, joint work with Wendy Wu (Wilfrid Laurier University). Presented at:

Financial Management Association Annual Meeting, Boston, 2017

Eastern Finance Association Annual Meeting, Jacksonville, 2017

Rimini Conference in Economics and Finance, Waterloo, 2016*

2. Lehman Sisters: Female Bank Executives and Risk-Taking, joint work with Wendy Wu (Wilfrid Laurier University) and Cindy Truong. Presented at:

Eastern Finance Association Annual Meeting, Jacksonville, 2017

3. Can Club Deals Reduce Institutional Barriers to Cross-Border Leveraged Buyouts? joint work with Lynnette Purda (Queen’s) and Hui Zhu (UOIT). Presented at:

“The Role of Financial and Legal Institutions in International Corporate Governance” Paper Development Conference, London, 2016*

Academy of International Business U.S. West Annual Conference, Seattle, 2015

Financial Management Association Annual Meeting, Orlando, 2015

5. Debt Structure, Private Equity Reputation, and Performance in Leveraged Buyouts, Presented at:

Financial Management Association Annual Meeting, Nashville, 2014

Financial Management Association Applied Finance Conference, New York, 2014

Eastern Finance Association Annual Meeting, Pittsburgh, 2014

Midwest Finance Association Annual Meeting, Orlando, 2014

Queen’s School of Business Brown Bag, 2013

Bank of Canada, 2013

University of Windsor, 2013

6. Herding Behavior in Bank Lending: Evidence from U.S. Commercial Banks, 2015, Presented at:

Financial Management Association Annual Meeting, Atlanta, 2012

Northern Finance Association Annual Meeting, Niagara Falls, 2012

Eastern Finance Association Annual Meeting, Boston, 2012

International Banking, Economics and Finance Association (IBEFA) Summer Meeting & Western Economic Association International (WEAI) Annual Conference, San Francisco, 2012

International Finance and Banking Society (IFABS) Conference, Rome Italy, 2011

International Conference on Credit Risk Evaluation, Venice Italy, 2011

* indicates presented by co-author

Affiliations & Memberships

Financial Management Associaiton

Northern Finance Association

Eastern Finance Association

Academy of International Business

Christian Business Faculty Association

Expertise

(1) Corporate Finance: Valuation, Merger and Acquisition (M&A), Leveraged Buyout (LBO), Corporate Debt Policy

(2) Financial Intermediation: Private Equity, Venture Capital, Banking, Debt Contracting & Syndicated Loans

(3) Entrepreneurship, Entrepreneurial Finance, and Fintech


Languages: English, Chinese.

Courses Taught

BUSI 342: Management Finance

BUSI 304: Financial Markets & Institutions

BUSI 441: Advanced Topics in Business Finance

MBA 542: Managerial Finance