Kewei Hou

Ohio State University (OSU) - Department of Finance

2100 Neil Avenue

Columbus, OH 43210-1144

United States

SCHOLARLY PAPERS

35

DOWNLOADS
Rank 457

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Top 457

in Total Papers Downloads

50,337

SSRN CITATIONS
Rank 365

SSRN RANKINGS

Top 365

in Total Papers Citations

1,709

CROSSREF CITATIONS

727

Scholarly Papers (35)

1.
Downloads 9,565 ( 634)
Citation 88

Replicating Anomalies

Fisher College of Business Working Paper No. 2017-03-010, 28th Annual Conference on Financial Economics and Accounting, Charles A. Dice Center Working Paper No. 2017-10
Number of pages: 146 Posted: 03 May 2017 Last Revised: 27 Jul 2017
Kewei Hou, Chen Xue and Lu Zhang
Ohio State University (OSU) - Department of Finance, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 8,412 (780)
Citation 33

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Replication, P-Hacking, Anomalies, The q-Factor Model, Efficient Markets

Replicating Anomalies

Review of Financial Studies, forthcoming, Fisher College of Business Working Paper No. 2017-03-010, Charles A. Dice Center Working Paper No. 2017-10
Number of pages: 134 Posted: 31 Oct 2018
Kewei Hou, Chen Xue and Lu Zhang
Ohio State University (OSU) - Department of Finance, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 981 (27,326)
Citation 55

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Replication, factor investing, anomalies, microcaps, multiple testing

Replicating Anomalies

NBER Working Paper No. w23394
Number of pages: 130 Posted: 08 May 2017
Kewei Hou, Chen Xue and Lu Zhang
Ohio State University (OSU) - Department of Finance, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 172 (208,710)

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2.
Downloads 4,080 ( 2,790)
Citation 416

Digesting Anomalies: An Investment Approach

Review of Financial Studies, Forthcoming, Fisher College of Business Working Paper No. WP 2012-03-021, Dice Center Working Paper No. 2012-21
Number of pages: 182 Posted: 12 Oct 2014
Kewei Hou, Chen Xue and Lu Zhang
Ohio State University (OSU) - Department of Finance, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 2,513 (6,255)
Citation 68

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The q-factor model, anomalies, factor regressions

Digesting Anomalies: An Investment Approach

Fisher College of Business Working Paper No. 2012-03-021, Charles A. Dice Center Working Paper No. 2012-021
Number of pages: 95 Posted: 26 Sep 2012 Last Revised: 05 Dec 2012
Kewei Hou, Chen Xue and Lu Zhang
Ohio State University (OSU) - Department of Finance, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 1,525 (13,996)
Citation 8

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Asset pricing anomalies, investment, ROE, factor models, investment-based asset pricing

Digesting Anomalies: An Investment Approach

NBER Working Paper No. w18435
Number of pages: 85 Posted: 06 Oct 2012
Kewei Hou, Chen Xue and Lu Zhang
Ohio State University (OSU) - Department of Finance, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 42 (503,344)
Citation 203

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3.
Downloads 3,549 ( 3,521)
Citation 7

A Comparison of New Factor Models

Fisher College of Business Working Paper No. 2015-03-05, HKUST Finance Symposium 2016: Active Investing and Arbitrage Capital, Charles A. Dice Center Working Paper No. 2015-05
Number of pages: 67 Posted: 11 Nov 2014 Last Revised: 19 Apr 2017
Kewei Hou, Chen Xue and Lu Zhang
Ohio State University (OSU) - Department of Finance, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 3,485 (3,560)
Citation 5

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Q-factor model, investment-based asset pricing, capital markets anomalies, factor regressions

Which Factors?

NBER Working Paper No. w20682
Number of pages: 52 Posted: 17 Nov 2014 Last Revised: 04 Jan 2021
Kewei Hou, Chen Xue and Lu Zhang
Ohio State University (OSU) - Department of Finance, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 64 (414,997)
Citation 1

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4.

Do Investors Overvalue Firms with Bloated Balance Sheets?

Number of pages: 53 Posted: 03 Aug 2004
University of California, Irvine - Paul Merage School of Business, Ohio State University (OSU) - Department of Finance, University of California, Irvine - Accounting Area and The Chinese University of Hong Kong (CUHK) - School of Accountancy
Downloads 3,395 (3,810)
Citation 114

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limited attention, market efficiency, investor misvaluation

5.

A Tale of Two Anomalies: The Implications of Investor Attention for Price and Earnings Momentum

Number of pages: 44 Posted: 02 Apr 2007 Last Revised: 11 Nov 2010
Kewei Hou, Wei Xiong and Lin Peng
Ohio State University (OSU) - Department of Finance, Princeton University - Department of Economics and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 2,901 (5,032)
Citation 114

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6.

The Accrual Anomaly: Risk or Mispricing?

AFA 2007 Chicago Meetings Paper
Number of pages: 51 Posted: 30 Mar 2006 Last Revised: 31 Mar 2010
University of California, Irvine - Paul Merage School of Business, Ohio State University (OSU) - Department of Finance and University of California, Irvine - Accounting Area
Downloads 2,551 (6,225)
Citation 16

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Capital markets, accruals, market efficiency, behavioral accounting, behavioral finance, limited attention

7.

What Factors Drive Global Stock Returns?

Charles A. Dice Center Working Paper No. 2006-009, Fisher College of Business Working Paper No. 2006-03-009
Number of pages: 65 Posted: 15 Jun 2006 Last Revised: 27 May 2011
Ohio State University (OSU) - Department of Finance, Cornell University - Samuel Curtis Johnson Graduate School of Management and Seoul National University, Business School
Downloads 2,345 (7,141)
Citation 84

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International finance; asset pricing models; common factors

Industry Information Diffusion and the Lead-Lag Effect in Stock Returns

Dice Center Working Paper No. 2003-23
Number of pages: 43 Posted: 11 Nov 2003
Kewei Hou
Ohio State University (OSU) - Department of Finance
Downloads 2,210 (7,736)
Citation 55

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Industry Information Diffusion and the Lead-Lag Effect in Stock Returns

The Review of Financial Studies, Vol. 20, Issue 4, pp. 1113-1138, 2007
Posted: 25 Jun 2008
Kewei Hou
Ohio State University (OSU) - Department of Finance

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G12, G14

9.

Have We Solved the Idiosyncratic Volatility Puzzle?

Journal of Financial Economics (JFE), Forthcoming, Charles A. Dice Center Working Paper No. 2012-28, Fisher College of Business Working Paper No. 2012-03-028
Number of pages: 63 Posted: 18 Dec 2012 Last Revised: 02 Oct 2015
Kewei Hou and Roger Loh
Ohio State University (OSU) - Department of Finance and Singapore Management University - Lee Kong Chian School of Business
Downloads 2,129 (8,368)
Citation 33

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idiosyncratic volatility, cross-section of stock returns, lottery preferences, market frictions

10.

The Implied Cost of Capital: A New Approach

Charles A. Dice Center Working Paper No. 2010-4, Fisher College of Business Working Paper No. 2010-03-004, Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 53 Posted: 02 Mar 2010 Last Revised: 13 Dec 2011
Ohio State University (OSU) - Department of Finance, Erasmus University - Rotterdam School of Management and The Chinese University of Hong Kong (CUHK) - School of Accountancy
Downloads 2,076 (8,715)
Citation 29

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Cross-sectional earnings model, Earnings forecasts, Expected returns, Implied cost of capital, Asset pricing tests

11.

Resurrecting the Size Effect: Firm Size, Profitability Shocks, and Expected Stock Returns

Charles A. Dice Center Working Paper No. 2010-1 , Fisher College of Business Working Paper No. 2010-03-001, Review of Financial Studies, Forthcoming
Number of pages: 64 Posted: 18 Jan 2010 Last Revised: 11 Sep 2018
Kewei Hou and Mathijs A. Van Dijk
Ohio State University (OSU) - Department of Finance and Erasmus University - Rotterdam School of Management
Downloads 1,550 (13,870)
Citation 8

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Size effect, Expected stock returns, Profitability shocks, Asset pricing tests

12.

R2 and Price Inefficiency

Fisher College of Business Working Paper No. 2006-03-007, Charles A. Dice Center Working Paper No. 2006-23
Number of pages: 50 Posted: 02 Jan 2007
Kewei Hou, Wei Xiong and Lin Peng
Ohio State University (OSU) - Department of Finance, Princeton University - Department of Economics and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 1,513 (14,436)
Citation 26

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13.

Industry Concentration and Average Stock Returns

Dice Center Working Paper No. 2003-30
Number of pages: 43 Posted: 23 Dec 2003
Kewei Hou and David T. Robinson
Ohio State University (OSU) - Department of Finance and Fuqua School of Business, Duke University
Downloads 1,487 (14,849)
Citation 125

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14.

Accruals and Aggregate Stock Market Returns

Journal of Financial Economics, Forthcoming
Number of pages: 53 Posted: 21 Nov 2005 Last Revised: 19 Oct 2008
University of California, Irvine - Paul Merage School of Business, Ohio State University (OSU) - Department of Finance and University of California, Irvine - Accounting Area
Downloads 1,259 (19,203)
Citation 7

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15.

Market Frictions, Price Delay, and the Cross-Section of Expected Returns

Number of pages: 42 Posted: 27 May 2003
Kewei Hou and Tobias J. Moskowitz
Ohio State University (OSU) - Department of Finance and Yale University, Yale SOM
Downloads 1,166 (21,525)
Citation 116

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16.
Downloads 1,141 ( 22,232)
Citation 2

q5

Charles A. Dice Center Working Paper No. 2018-10, Fisher College of Business Working Paper No. 2018-03-010
Number of pages: 99 Posted: 05 Jun 2018 Last Revised: 31 Oct 2018
Kewei Hou, Haitao Mo, Chen Xue and Lu Zhang
Ohio State University (OSU) - Department of Finance, Louisiana State University, Baton Rouge - E.J. Ourso College of Business Administration, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 1,108 (22,813)
Citation 1

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The q5-Model, The q-Factor Model, The Expected Growth, The Investment CAPM, Factor Regressions, Anomalies

Q5

NBER Working Paper No. w24709
Number of pages: 61 Posted: 18 Jun 2018
Kewei Hou, Haitao Mo, Chen Xue and Lu Zhang
Ohio State University (OSU) - Department of Finance, Louisiana State University, Baton Rouge - E.J. Ourso College of Business Administration, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 33 (549,757)

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Real Effects of Climate Policy: Financial Constraints and Spillovers

Journal of Financial Economics (JFE), Forthcoming, Fisher College of Business Working Paper No. 2019-03-004, Charles A. Dice Working Paper No. 2019-04
Number of pages: 88 Posted: 25 Oct 2018 Last Revised: 06 May 2021
Warwick Business School - Department of Finance, Ohio State University (OSU) - Department of Finance and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 954 (28,382)
Citation 15

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Climate policy, California cap-and-trade, financial constraints, internal resource allocation, regulatory arbitrage, spillover effects

Real Effects of Climate Policy: Financial Constraints and Spillovers

CEPR Discussion Paper No. DP15986
Number of pages: 73 Posted: 31 Mar 2021
Warwick Business School - Department of Finance, Ohio State University (OSU) - Department of Finance and University of Florida - Department of Finance, Insurance and Real Estate
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18.
Downloads 896 ( 31,536)

The Economics of Value Investing

Charles A. Dice Center Working Paper No. 2017-16, Fisher College of Business Working Paper No. 2017-03-016
Number of pages: 69 Posted: 05 Jul 2017 Last Revised: 04 Dec 2017
Kewei Hou, Haitao Mo, Chen Xue and Lu Zhang
Ohio State University (OSU) - Department of Finance, Louisiana State University, Baton Rouge - E.J. Ourso College of Business Administration, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 858 (32,995)

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Value Investing, Security Analysis, The Investment CAPM, Efficient Markets

The Economics of Value Investing

NBER Working Paper No. w23563
Number of pages: 66 Posted: 10 Jul 2017
Kewei Hou, Haitao Mo, Chen Xue and Lu Zhang
Ohio State University (OSU) - Department of Finance, Louisiana State University, Baton Rouge - E.J. Ourso College of Business Administration, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 38 (522,857)

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19.

Which Factors

Fisher College of Business Working Paper No. 2018-03-003, Charles A. Dice Center Working Paper No. 2018-03-03
Number of pages: 52 Posted: 06 Mar 2018 Last Revised: 12 Jul 2018
Kewei Hou, Haitao Mo, Chen Xue and Lu Zhang
Ohio State University (OSU) - Department of Finance, Louisiana State University, Baton Rouge - E.J. Ourso College of Business Administration, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 794 (37,192)
Citation 4

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The q-factor model, the Q5 model, factor spanning tests, the investment CAPM, factor investing

The CAPM Strikes Back? An Equilibrium Model with Disasters

Fisher College of Business Working Paper No. 2015-03-03, Charles A. Dice Center Working Paper No. 2015-03
Number of pages: 58 Posted: 23 Feb 2015 Last Revised: 19 Feb 2018
University of Connecticut - Department of Finance, Ohio State University (OSU) - Department of Finance, London Business School, Cheung Kong Graduate School of Business and Ohio State University - Fisher College of Business
Downloads 492 (68,666)
Citation 2

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The CAPM, Rare Disasters, Measurement Errors, The Consumption CAPM, General Equilibrium

The CAPM Strikes Back? An Equilibrium Model with Disasters

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 64 Posted: 07 Mar 2018
University of Connecticut - Department of Finance, Ohio State University (OSU) - Department of Finance, London Business School, Cheung Kong Graduate School of Business and Ohio State University - Fisher College of Business
Downloads 200 (182,383)
Citation 5

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The CAPM, Rare Disasters, Measurement Errors, The Consumption CAPM, General Equilibrium, Approximate Aggregation

The CAPM Strikes Back? An Investment Model with Disasters

NBER Working Paper No. w21016
Number of pages: 41 Posted: 16 Mar 2015 Last Revised: 04 Dec 2020
Hang Bai, Kewei Hou, Howard Kung and Lu Zhang
University of Connecticut - Department of Finance, Ohio State University (OSU) - Department of Finance, London Business School and Ohio State University - Fisher College of Business
Downloads 90 (340,409)

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21.

Systemic Default and Return Predictability in the Stock and Bond Markets

Charles A. Dice Center Working Paper No. 2016-2, Fisher College of Business Working Paper No. 2016-03-02
Number of pages: 62 Posted: 27 Jan 2016 Last Revised: 31 Mar 2021
Jack Bao, Kewei Hou and Shaojun Zhang
University of Delaware - Department of Finance, Ohio State University (OSU) - Department of Finance and The Ohio State University
Downloads 468 (73,737)
Citation 4

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Systemic risk, Joint default, Predictability, Stock returns, Bond returns

22.

Prices and Volatilities in the Corporate Bond Market

Fisher College of Business Working Paper No. 2015-03-18, Charles A. Dice Center Working Paper No. 2015-18
Number of pages: 63 Posted: 29 Aug 2015
Jack Bao, Jia Chen, Kewei Hou and Lei Lu
University of Delaware - Department of Finance, Peking University, Ohio State University (OSU) - Department of Finance and Peking University - Guanghua School of Management
Downloads 461 (75,124)
Citation 3

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Bond volatility, Yield spreads, Credit risk, Illiquidity, Decomposition

23.

Are Firms in 'Boring' Industries Worth Less?

Fisher College of Business Working Paper No. 2015-3-02, Charles A. Dice Center Working Paper No. 2015-02
Number of pages: 47 Posted: 16 Jan 2015 Last Revised: 17 Jan 2015
Jia Chen, Kewei Hou and René M. Stulz
Peking University, Ohio State University (OSU) - Department of Finance and Ohio State University (OSU) - Department of Finance
Downloads 405 (87,497)

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Market-to-book ratio, misevaluation, saliency, industry, cost of equity, profitability dispersion

24.

Political Uncertainty and Commodity Markets

Fisher College of Business Working Paper No. 2017-03-025, Charles A. Dice Center Working Paper No. 2017-25
Number of pages: 54 Posted: 06 Nov 2017 Last Revised: 08 Jun 2020
Kewei Hou, Ke Tang and Bohui Zhang
Ohio State University (OSU) - Department of Finance, Institute of Economics, School of Social Sciences, Tsinghua University and The Chinese University of Hong Kong, Shenzhen
Downloads 388 (91,863)
Citation 2

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Political Uncertainty, Commodity Prices, Inventories, Convenience Yields, Risk Premiums, U.S. Presidential Elections

25.

(Priced) Frictions

Fisher College of Business Working Paper No. 2016-03-19, Charles A. Dice Center Working Paper No. 2016-19
Number of pages: 62 Posted: 07 Oct 2016 Last Revised: 06 Nov 2016
Kewei Hou, Sehoon Kim and Ingrid M. Werner
Ohio State University (OSU) - Department of Finance, University of Florida - Department of Finance, Insurance and Real Estate and The Ohio State University - Fisher College of Business
Downloads 380 (94,176)
Citation 5

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Microstructure frictions, return measurement bias, asset pricing, and anomalies

Security Analysis: An Investment Perspective

Fisher College of Business Working Paper No. 2019-03-016, Charles A. Dice Center Working Paper No. 2019-16
Number of pages: 71 Posted: 08 Jul 2019
Kewei Hou, Haitao Mo, Chen Xue and Lu Zhang
Ohio State University (OSU) - Department of Finance, Louisiana State University, Baton Rouge - E.J. Ourso College of Business Administration, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 338 (106,799)

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Security analysis, q^5, the investment theory, quality minus junk, fundamental score, “magic formula,” agnostic fundamental analysis

Security Analysis: An Investment Perspective

NBER Working Paper No. w26060
Number of pages: 71 Posted: 14 Sep 2020 Last Revised: 17 Mar 2021
Kewei Hou, Haitao Mo, Chen Xue and Lu Zhang
Ohio State University (OSU) - Department of Finance, Louisiana State University, Baton Rouge - E.J. Ourso College of Business Administration, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 33 (549,757)

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27.

Comovement of Corporate Bonds and Equities

Fisher College of Business Working Paper No. 2013-03-11, Charles A. Dice Center Working Paper No. 2013-11
Number of pages: 45 Posted: 12 Jul 2013
Jack Bao and Kewei Hou
University of Delaware - Department of Finance and Ohio State University (OSU) - Department of Finance
Downloads 368 (97,977)
Citation 109

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Comovement, Hedge ratios, Structural models of default, Ratings

28.

Which Factors?

Review of Finance, Forthcoming, Fisher College of Business Working Paper No. 2018-03-003, Charles A. Dice Center Working Paper No. 2018-03-03
Number of pages: 38 Posted: 22 Oct 2018
Kewei Hou, Haitao Mo, Chen Xue and Lu Zhang
Ohio State University (OSU) - Department of Finance, Louisiana State University, Baton Rouge - E.J. Ourso College of Business Administration, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 326 (111,887)
Citation 7

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The q-factor model, the q^5 model, spanning regressions, the investment CAPM

29.

Understanding the Variation in the Information Content of Earnings: A Return Decomposition Analysis

Fisher College of Business Working Paper No. 2015-03-01, Charles A. Dice Center Working Paper No. 2015-01
Number of pages: 42 Posted: 14 Jan 2015
Kewei Hou, Yinglei Zhang and Zili Zhuang
Ohio State University (OSU) - Department of Finance, The Chinese University of Hong Kong (CUHK) - School of Accountancy and The Chinese University of Hong Kong (CUHK) - Faculty of Business Administration
Downloads 275 (134,020)
Citation 1

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Earnings, Information Content, Return Decomposition, Discount Rate News

30.

An Augmented q-Factor Model with Expected Growth

Review of Finance, Forthcoming
Number of pages: 54 Posted: 19 Mar 2020
Kewei Hou, Haitao Mo, Chen Xue and Lu Zhang
Ohio State University (OSU) - Department of Finance, Louisiana State University, Baton Rouge - E.J. Ourso College of Business Administration, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 257 (144,677)
Citation 17

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The expected growth factor, factor models, the q5 model, the investment theory

31.

Corporate R&D and Stock Returns: International Evidence

Number of pages: 89 Posted: 12 Nov 2020
Ohio State University (OSU) - Department of Finance, National Tsing Hua University - Department of Quantitative Finance, Hong Kong University of Science & Technology (HKUST), University of Alberta - School of Business and HKU, Faculty of Business and Economics
Downloads 144 (243,231)
Citation 1

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R&D; Cross-section of stock returns; Innovation

32.

De Facto Seniority, Credit Risk, and Corporate Bond Prices

Forthcoming, Review of Financial Studies, Fisher College of Business Working Paper No. 2017– 17
Number of pages: 67 Posted: 08 Sep 2017
Jack Bao and Kewei Hou
University of Delaware - Department of Finance and Ohio State University (OSU) - Department of Finance
Downloads 119 (279,833)
Citation 3

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Credit Risk, Structural Models of Default, Comovement, Corporate Bonds

33.

Are Firms in "Boring" Industries Worth Less?

NBER Working Paper No. w20880
Number of pages: 47 Posted: 27 Jan 2015 Last Revised: 03 Feb 2015
Jia Chen, Kewei Hou and René M. Stulz
Peking University, Ohio State University (OSU) - Department of Finance and Ohio State University (OSU) - Department of Finance
Downloads 32 (541,550)

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34.

Does Takeover Increase Stockholder Value

Posted: 05 Nov 2000
Kewei Hou, Per Olsson and David T. Robinson
Ohio State University (OSU) - Department of Finance, Duke University and Fuqua School of Business, Duke University

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35.

Towards a Property Rights View of Government Ownership

Posted: 16 May 2000
David T. Robinson and Kewei Hou
Fuqua School of Business, Duke University and Ohio State University (OSU) - Department of Finance

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