中文版
Kewei Hou
Professor of Finance, Ohio State University

hou.28@osu.edu

CV

Support Staff: Wei Zhang wzhang2@saif.sjtu.edu.cn

  • PROFILE
  • RESEARCH
  • TEACHING
Kewei Hou is a Special-Term Professor of Finance at Shanghai Advanced Institute of Finance (SAIF), and Professor of Finance at Fisher College of Business, The Ohio State University.
 
Professor Hou’s research interests are in the area of asset pricing, market efficiency, behavioral finance, empirical corporate finance and capital markets research in accounting. He has published in the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Accounting and Economics, and Management Science, etc.
 
Professor Hou is an associate editor of the Journal of Banking and Finance, Journal of Empirical Finance, and Asia-Pacific Journal of Financial Studies, and a research fellow in Charles A. Dice Center for Research in Financial Economics at The Ohio State University. He is also the recipient of research grants from the Institute for Quantitative Research in Finance (Q-Group), INQUIRE-Europe, INQUIRE-UK, BSI GAMMA Foundation, Chicago Quantitative Alliance, and Research Grants Council (RGC) of Hong Kong.
 
Professor Hou holds a Ph.D. in Finance from University of Chicago (2002). 

Research Interests
Asset Pricing, Market Efficiency, Behavioral Finance, Empirical Corporate Finance, Capital Markets Research in Accounting

Journal Publications & Working Papers
1. Hou, Kewei, and Roger K. Loh, 2016, Have we solved the idiosyncratic volatility puzzle?, Journal of Financial Economics.
2. Hou, Kewei, Chen Xue, and Lu Zhang, 2015, Digesting Anomalies: An Investment Approach, Review of Financial Studies.
3. Hou, Kewei, Mathijs A. van Dijk, and Yinglei Zhang, 2012, The Implied Cost of Capital: A New Approach, Journal of Accounting and Economics.
4. Hirshleifer, David, Kewei Hou, and Siew Hong Teoh, 2012, The Accrual Anomaly: Risk or Mispricing?, Management Science.
5. Hou, Kewei, and George Andrew Karolyi, 2011, What Factors Drive Global Stock Returns?, Review of Financial Studies.
6. Hirshleifer, David, Kewei Hou, and Siew Hong Teoh , 2009, Accruals, Cash Flows, and Aggregate Stock Returns, Journal of Financial Economics.
7. Hou, Kewei, 2007, Industry Information Diffusion and the Lead-Lag Effect in Stock Returns, Review of Financial Studies.
8. Hou, Kewei, 2006, Industry Concentration and Average Stock Returns, Journal of Finance.
9. Hou, Kewei, 2005, Market Frictions, Price Delay, and the Cross-Section of Expected Returns, Review of Financial Studies.
10. Hirshleifer, David, and Kewei Hou, 2004, Do Investors Overvalue Firms with Bloated Balance Sheets?, Journal of Accounting and Economics.
11. Kw.Hou with Chen Xue and Lu Zhang, Digesting Anomalies: An Investment Approach.
12. Kw.Hou with Jack Bao, Comovement of Corporate Bonds and Equities.
13. Kw.Hou with Marta Szymanowska, Commodity-based Consumption Tracking Portfolio and the Cross-section of Average Stock Returns.
14. Kw.Hou with Anna Scherbina, Yi Tang and Stefan Wilhelm, Information Leaders.
15. Kw.Hou with Ingrid Werner and Peter Wong, Microstructure Bias, Illiquidity, and the Cross-Section of Expected Stock Returns.
16. Kw.Hou with Roger Loh, Have We Solved the Idiosyncratic Volatility Puzzle?.
17. Kw.Hou with Roger Loh, Dissecting the Aggregate Earnings-Return Relation.
18. Kw.Hou with Mathijs A. van Dijk, Resurrecting the Size Effect: Firm Size, Profitability Shocks, and Expected Stock Returns.
19. Kw.Hou with Lin Peng and Wei Xiong, A Tale of Two Anomalies: The Implication of Investor Attention for Price and Earnings Momentum.
20. Kw.Hou with Lin Peng and Wei Xiong, When is R2 a Measure of Price Inefficiency?.
21. Kw.Hou with Robert Kimmel, On Estimation of Risk Premia in Linear Factor Models.
22. Kw.Hou with Yinglei Zhang and Zili Zhuang, Understanding the Variation in the Value Relevance of Earnings: A Return Decomposition Analysis.
23. Kw.Hou with Yinglei Zhang, Profitability, Distress, and the Accrual Anomaly.
24. Kw.Hou with David Robinson, Private Firms and the Importance of Industry Concentration for Financial Market Behavior.
25. Kw.Hou with David Robinson, Towards a Property Rights View of Government Ownership.
26. Kw.Hou with Per Olsson and David Robinson, Do Takeovers Increase Stockholder Value?.

Teaching Interests
Empirical Asset Pricing

Current Courses

Term Program Course Total Hours
2015Fall PHD Empirical Asset Pricing 36
2016Fall PHD Empirical Asset Pricing 36
Faculty & Research
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