Advanced Search

Kewei Hou

Ohio State University (OSU) - Department of Finance

2100 Neil Avenue

Columbus, OH 43210-1144

United States

  • Ohio State University (OSU) - Department of Finance

    • Email
    • Tel: 614-292-0552
    • Fax: 614-292-2418
SCHOLARLY PAPERS

31

DOWNLOADS
Rank 462

SSRN RANKINGS

Top 462

in Total Papers Downloads

37,572

CITATIONS
Rank 957

SSRN RANKINGS

Top 957

in Total Papers Citations

561

Scholarly Papers (31)

Actions:
Email selected abstracts
1.

Replicating Anomalies

Downloads 5,672 ( 1,077)

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, 张橹
Ohio State University (OSU) - Department of Finance, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 5,539 (1,108)

Abstract:

Loading...

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

Replicating Anomalies

NBER Working Paper No. w23394
Number of pages: 130 Posted: 08 May 2017
Kewei Hou, Chen Xue and Lu Zhang, 张橹
Ohio State University (OSU) - Department of Finance, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 133 (200,308)
  • Add to Cart

Abstract:

Loading...

2.

Digesting Anomalies: An Investment Approach

Downloads 3,362 ( 2,671)
Citation 14

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, 张橹
Ohio State University (OSU) - Department of Finance, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 1,963 (6,536)
Citation 14

Abstract:

Loading...

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, 张橹
Ohio State University (OSU) - Department of Finance, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 1,370 (11,931)
Citation 14

Abstract:

Loading...

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, 张橹
Ohio State University (OSU) - Department of Finance, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 29 (451,336)
Citation 14

Abstract:

Loading...

3.

Do Investors Overvalue Firms with Bloated Balance Sheets?

EFA 2004 Maastricht Meetings Paper No. 3233; Dice Center Working Paper No. 2004-18
Number of pages: 53 Posted: 03 Aug 2004
David A. Hirshleifer, Kewei Hou, Siew Hong Teoh and Yinglei Zhang
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 3,002 (3,261)
Citation 96

Abstract:

Loading...

limited attention, market efficiency, investor misvaluation

4.

A Comparison of New Factor Models

Downloads 2,616 ( 4,129)

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, 张橹
Ohio State University (OSU) - Department of Finance, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 2,579 (4,143)

Abstract:

Loading...

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
Kewei Hou, Chen Xue and Lu Zhang, 张橹
Ohio State University (OSU) - Department of Finance, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 37 (415,219)

Abstract:

Loading...

5.

The Accrual Anomaly: Risk or Mispricing?

AFA 2007 Chicago Meetings Paper
Number of pages: 51 Posted: 30 Mar 2006 Last Revised: 31 Mar 2010
David A. Hirshleifer, Kewei Hou and Siew Hong Teoh
University of California, Irvine - Paul Merage School of Business, Ohio State University (OSU) - Department of Finance and University of California - Irvine - Accounting Area
Downloads 2,435 (4,663)
Citation 26

Abstract:

Loading...

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

6.

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
Kewei Hou, George Andrew Karolyi and Bong-Chan Kho
Ohio State University (OSU) - Department of Finance, Cornell University - Samuel Curtis Johnson Graduate School of Management and Seoul National University, Business School
Downloads 2,186 (5,573)
Citation 37

Abstract:

Loading...

International finance; asset pricing models; common factors

7.

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 Baruch College/CUNY - Zicklin School of Business
Downloads 2,173 (5,631)
Citation 43

Abstract:

Loading...

8.

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 1,961 (6,693)
Citation 1

Abstract:

Loading...

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

9.

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
Kewei Hou, Mathijs A. Van Dijk and Yinglei Zhang
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 1,893 (7,130)
Citation 29

Abstract:

Loading...

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

10.

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

Downloads 1,830 ( 7,566)
Citation 59

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 1,830 (7,408)
Citation 59

Abstract:

Loading...

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

Abstract:

Loading...

G12, G14

11.

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 1,384 (11,952)
Citation 78

Abstract:

Loading...

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 Baruch College/CUNY - Zicklin School of Business
Downloads 1,381 (12,012)
Citation 15

Abstract:

Loading...

13.

Accruals and Aggregate Stock Market Returns

Journal of Financial Economics, Forthcoming
Number of pages: 53 Posted: 21 Nov 2005 Last Revised: 19 Oct 2008
David A. Hirshleifer, Kewei Hou and Siew Hong Teoh
University of California, Irvine - Paul Merage School of Business, Ohio State University (OSU) - Department of Finance and University of California - Irvine - Accounting Area
Downloads 1,207 (14,787)
Citation 28

Abstract:

Loading...

14.

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 1,191 (15,099)

Abstract:

Loading...

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

15.

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

CRSP Working Paper No. 547
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 998 (19,747)
Citation 128

Abstract:

Loading...

16.

The Economics of Value Investing

Downloads 737 ( 30,525)

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, 张橹
Ohio State University (OSU) - Department of Finance, E. J. Ourso College of Business, Louisiana State University, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 720 (31,010)

Abstract:

Loading...

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, 张橹
Ohio State University (OSU) - Department of Finance, E. J. Ourso College of Business, Louisiana State University, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 17 (521,275)
  • Add to Cart

Abstract:

Loading...

17.

q5

Downloads 536 ( 46,501)

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: 13 Jul 2018
Kewei Hou, Haitao Mo, Chen Xue and Lu Zhang, 张橹
Ohio State University (OSU) - Department of Finance, E. J. Ourso College of Business, Louisiana State University, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 520 (47,813)

Abstract:

Loading...

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, 张橹
Ohio State University (OSU) - Department of Finance, E. J. Ourso College of Business, Louisiana State University, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 16 (527,275)
  • Add to Cart

Abstract:

Loading...

18.

The CAPM Strikes Back? An Equilibrium Model with Disasters

Downloads 455 ( 57,262)

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
Hang Bai, Kewei Hou, Howard Kung, Erica X. N. Li and Lu Zhang, 张橹
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 335 (81,663)

Abstract:

Loading...

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
Hang Bai, Kewei Hou, Howard Kung, Erica X. N. Li and Lu Zhang, 张橹
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 101 (246,093)

Abstract:

Loading...

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
Hang Bai, Kewei Hou, Howard Kung and Lu Zhang, 张橹
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 19 (509,202)

Abstract:

Loading...

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, 张橹
Ohio State University (OSU) - Department of Finance, E. J. Ourso College of Business, Louisiana State University, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 396 (67,680)

Abstract:

Loading...

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

20.

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 - Guanghua School of Management, Ohio State University (OSU) - Department of Finance and Peking University - Guanghua School of Management
Downloads 370 (73,257)

Abstract:

Loading...

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

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: 58 Posted: 27 Jan 2016
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 362 (75,190)

Abstract:

Loading...

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

22.

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 - Guanghua School of Management, Ohio State University (OSU) - Department of Finance and Ohio State University (OSU) - Department of Finance
Downloads 344 (79,726)

Abstract:

Loading...

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

23.

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 313 (88,740)

Abstract:

Loading...

Comovement, Hedge ratios, Structural models of default, Ratings

24.

(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 284 (98,721)

Abstract:

Loading...

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

25.

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 250 (112,848)

Abstract:

Loading...

Earnings, Information Content, Return Decomposition, Discount Rate News

26.

Political Uncertainty and Commodity Prices

Fisher College of Business Working Paper No. 2017-03-025, Charles A. Dice Center Working Paper No. 2017-25
Number of pages: 58 Posted: 06 Nov 2017
Kewei Hou, Ke Tang and Bohui Zhang
Ohio State University (OSU) - Department of Finance, Institute of Economics, School of Social Science, Tsinghua University and The Chinese University of Hong Kong, Shenzhen
Downloads 125 (209,621)

Abstract:

Loading...

Political Uncertainty, Commodity Prices, U.S. Presidential Elections

27.

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 83 (277,307)

Abstract:

Loading...

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

28.

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 - Guanghua School of Management, Ohio State University (OSU) - Department of Finance and Ohio State University (OSU) - Department of Finance
Downloads 21 (481,002)

Abstract:

Loading...

29.

Nonlinear CAPM Beta

Number of pages: 37
Kewei Hou and Jaehoon Lee
Ohio State University (OSU) - Department of Finance and University of New South Wales (UNSW)
Downloads 5

Abstract:

Loading...

30.

Does Takeover Increase Stockholder Value

EFA 0488
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

Abstract:

Loading...

31.

Towards a Property Rights View of Government Ownership

AFA 2001 New Orleans
Posted: 16 May 2000
David T. Robinson and Kewei Hou
Fuqua School of Business, Duke University and Ohio State University (OSU) - Department of Finance

Abstract:

Loading...