Kewei Hou

Ohio State University (OSU) - Department of Finance

2100 Neil Avenue

Columbus, OH 43210-1144

United States

SCHOLARLY PAPERS

25

DOWNLOADS
Rank 617

SSRN RANKINGS

Top 617

in Total Papers Downloads

28,026

CITATIONS
Rank 962

SSRN RANKINGS

Top 962

in Total Papers Citations

559

Scholarly Papers (25)

1.
Downloads 2,752 ( 3,136)
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
Ohio State University (OSU) - Department of Finance, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 1,498 (8,689)
Citation 14

Abstract:

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 1,239 (11,831)
Citation 14

Abstract:

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 15 (481,429)
Citation 14

Abstract:

2.

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
University of California, Irvine - Paul Merage School of Business, Ohio State University (OSU) - Department of Finance, University of California - Paul Merage School of Business and The Chinese University of Hong Kong (CUHK) - School of Accountancy
Downloads 2,506 (3,131)
Citation 96

Abstract:

limited attention, market efficiency, investor misvaluation

3.

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 - Paul Merage School of Business
Downloads 2,268 (4,109)
Citation 28

Abstract:

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

4.
Downloads 2,005 ( 5,562)

Replicating Anomalies

Charles A. Dice Center Working Paper No. 2017-10, Fisher College of Business Working Paper No. 2017-03-010
Number of pages: 130 Posted: 03 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 1,893 (6,017)

Abstract:

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
Ohio State University (OSU) - Department of Finance, University of Cincinnati and Ohio State University - Fisher College of Business
Downloads 112 (204,991)
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Abstract:

5.

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 - Johnson Graduate School of Management and Seoul National University, Business School
Downloads 1,756 (5,247)
Citation 37

Abstract:

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 1,650 (7,440)
Citation 62

Abstract:

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:

G12, G14

7.
Downloads 1,515 ( 8,698)

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 1,502 (8,640)

Abstract:

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

A Comparison of New Factor Models

NBER Working Paper No. w20682
Number of pages: 92 Posted: 17 Nov 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 13 (492,944)
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Abstract:

8.

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 1,514 (6,611)
Citation 28

Abstract:

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

9.

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 1,236 (10,750)
Citation 14

Abstract:

10.

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 1,229 (7,068)
Citation 42

Abstract:

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 1,204 (10,864)
Citation 76

Abstract:

12.

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 - Paul Merage School of Business
Downloads 1,124 (13,153)
Citation 28

Abstract:

13.

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 958 (6,856)
Citation 1

Abstract:

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

14.

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 914 (17,765)
Citation 129

Abstract:

15.

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
Number of pages: 49 Posted: 18 Jan 2010 Last Revised: 31 Mar 2014
Kewei Hou and Mathijs A. Van Dijk
Ohio State University (OSU) - Department of Finance and Erasmus University - Rotterdam School of Management
Downloads 771 (16,390)
Citation 4

Abstract:

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

The CAPM Strikes Back? An Investment 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: 41 Posted: 23 Feb 2015 Last Revised: 08 Oct 2015
Hang Bai, Kewei Hou, Howard Kung and Lu Zhang
Ohio State University (OSU) - Fisher College of Business, Ohio State University (OSU) - Department of Finance, London Business School and Ohio State University - Fisher College of Business
Downloads 283 (86,206)

Abstract:

The CAPM, Investment-based Asset Pricing, Rare Disasters, Measurement Errors

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
Ohio State University (OSU) - Fisher College of Business, Ohio State University (OSU) - Department of Finance, London Business School and Ohio State University - Fisher College of Business
Downloads 18 (464,197)
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Abstract:

17.

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 224 (76,337)

Abstract:

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

18.

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
Board of Governors of the Federal Reserve System and Ohio State University (OSU) - Department of Finance
Downloads 172 (92,781)

Abstract:

Comovement, Hedge ratios, Structural models of default, Ratings

19.

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 127 (111,829)

Abstract:

Earnings, Information Content, Return Decomposition, Discount Rate News

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
Board of Governors of the Federal Reserve System, Peking University - Guanghua School of Management, Ohio State University (OSU) - Department of Finance and Peking University - Guanghua School of Management
Downloads 121 (75,550)

Abstract:

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

21.

Are Firms in "Boring" Industries Worth Less?

NBER Working Paper No. w20880
Number of pages: 47 Posted: 27 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 17 (448,006)
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Abstract:

22.

(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, Ohio State University (OSU) - Department of Finance and The Ohio State University - Fisher College of Business
Downloads 0 (114,339)

Abstract:

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

23.

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
Board of Governors of the Federal Reserve System, Ohio State University (OSU) - Department of Finance and The Ohio State University
Downloads 0 (98,215)

Abstract:

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

24.

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:

25.

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: