Zhaohui Chen headshot
ZC

Zhaohui Chen

Associate Professor
Unit: McIntire School of Commerce
Department: McIntire School of Commerce
Office location and address
Rouss & Robertson Halls, Room 398
125 Ruppel Dr
Charlottesville, Virginia 22904
Education
Ph.D., Finance, Wharton School, University of Pennsylvania
B.S., Finance, Fudan University
Biography

Professor Chen’s fields of specialization include theoretical corporate finance and industrial organization, with a focus on the investment banking industry.

Professor Chen joined McIntire in 2008 after three years as an Assistant Professor at Temple University’s Fox School of Business and Management and one year at The University of Texas at Austin’s McCombs School of Business. He has published in leading academic journals and presented at numerous universities and conferences; his working papers can be found on the Social Science Research Network.

COMM 3720: Intermediate Corporate Finance
Credits: 3
A rigorous introduction to the full field of finance. Students should gain an appreciation of the role of financial markets and institutions in our economy as well as an introduction to the responsibilities, concerns, and methods of analysis employed by corporate financial managers. We focus on the two fundamental aspects of financial decision-making: time value and risk (modern portfolio theory, the capital asset pricing model, and alternatives). The concepts of time value and risk are used to value the two basic financial assets, bonds and stocks, as well as real assets, investment projects, and companies. In addition, the course introduces derivative securities (options, futures) and discusses their application in a wide variety of settings (real options, contingent claims valuation of equity). The course also covers the theory and practice of capital structure decisions (Modigliani and Miller, taxes, bankruptcy costs, asymmetric information, agency) and dividend decisions. The course will include a thorough discussion of market efficiency and an introduction to the field of behavioral finance. A unifying theme of the course is how no-arbitrage conditions and the law of one price can be used to value most financial assets. The emphasis in this course (both in and out of class) will be on problem solving. Prerequisite: COMM 3010, 3020, and 3030.
GCOM 7730: Investment Banking
Credits: 3
This course covers the topics of financial engineering and security design, security issuance, structured finance, risk management, and corporate governance.