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Frank C. Jen

Professor Emeritus
Visiting Professor, Dalian University of Technology, Dalian, China
Department of Finance and Managerial Economics

Education

PhD, University of Wisconsin, Madison
MBA, University of Wisconsin, Madison
BS, North Central College

Background

Dr. Jen's interests span a broad range of topics in corporate finance, investment, and banking. He has spent much time on management problems in the People's Republic of China, and was instrumental in establishing an Executive Development program and UB's MBA Program there. He also founded the Bank Management Institute in 1977, which is recognized around the world as offering a bench-mark-level program for middle and senior commercial lending officers. Dr. Jen has supervised many dissertations and has published numerous academic papers. He has served as consultant to corporations and financial institutions in the areas of ventures in China, financial planning and control, portfolio management, and money management strategies.

Selected Recent Publications

Jen, Frank C. "Some Problems on Commercial Banking in China." Review of Pacific Basin Financial Markets and Policies, (June 1998).

Jen, Frank C., Dosoung Choi, Seong-hyo Lee, "Some New Evidence on Why Companies use Convertible Bonds." Journal of Applied Corporate Finance (Spring 1997).

Jen, Frank C. "Financial Systems in China." Proceedings of the First Conference on Pacific Basin Business, Economics, and Finance (May 1996).

Jen, Frank C. "Danger: Riskier Loans Ahead." Journal of Commercial Lending (April 1993).

Jen, Frank C. and Dosoung Choi. "The Relation Between Stock Returns and Short-term Interest Rates." Review of Quantitative Finance and Accounting (October 1990).

Recent Presentations

• Fifth Conference on Pacific Basin Business, Economics and Finance, Singapore (7/97) - On Debt Maturity Structure
• Office of the Mayor, Dalian PRC (5/97) - On Improving State Owned Enterprises (For Central Government of China)
• US-China First Management Training Conference, Beijing, China (10/96) - On MBA Programs appropriate for China
• Nanyang Technological University, Singapore (8/96) - On the Role of Corporate Debt
• Office of the Mayor, Dalian, Peoples Republic of China (6/96) - On the proper Management of China’s Foreign Exchange Reserves of 110 billion - (for Central Bank and State Council in China)
• Seoul National University, Seoul, Korea (1995) - On Problems in Bank Management (for Ph.D students and faculty)
• Hongkong Polytech University, Hongkong (1995) - On Management of Financial Institutions (for bankers from the Guangdung Province)

Current Research Activities (Working Papers)

1. "On Maturity Structure of Debt" Frank Jen and Sang Gyung Jun, Typescript, pp 1 - 30, University at Buffalo First Edition, 7/97.
2. "On Reform of State-Owned Enterprises" (in Chinese) Dalian.

Research in Progress

1. The use of characteristics of the firm and the event studies methodology to explain the effect of various corporate financing actions on the size of abnormal returns in common stocks. The analysis is expected to be used for both American and Far East corporations in Singapore, Korea, China and the U.S.A.
2. Management and economic problems in China and new industrialized countries in the Pacific Region.

Professional Associations

• American Economic Association
• American Finance Association
• Financial Management Association
• Member, Board of Directors, Society for Economic and Financial Management in China
• Associate Editor, Review of Quantitative Finance and Accounting (1990 - present)

Current Administrative Responsibility

• American Director, Center for Economic Modernization at National Center for Management (at Dalian), Dalian, China

Consulting Activities

Dr. Jen designed and taught many executive programs in both U.S. and China. He has served as a consultant for various commercial banks, savings banks, and manufacturing firms in the areas of financial planning and control, money management, and investments.

International Activities

Dr. Jen is extensively involved in numerous international activities including, but not limited to, designing and teaching numerous international executive education programs, doing research on global issues, and coordinating and presenting papers at international conferences. He was Co-Director and Director of UB's China MBA Program from 1984 to 1991, and he helped found the National Center for Industrial Science and Technology Management Development in Dalian, China in 1980. He served as Visiting Professor and Associate Dean, American Faculty from 1980 to 1991. He is now cooperating with many different groups on executive education in China. His Advanced Commercial Lending program designed principally for U.S. bankers has attracted participants from Korea, Thailand, Indonesia, Malaysia, Taiwan and United Arab Emirates.

Awards

• Faculty Service Award, National University Continuing Education Association, 1993
• Outstanding Service Award, State Economic Commission, State Science and Technology Commission, and State Education Commission of China for contributions to the development of management education in China, 1987
• U.S. Department of Commerce, Founding of Dalian Center, 1981