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Hou, Kewei

Associate Professor of Finance
Ohio State University

kwhou@saif.sjtu.edu.cn

Educational Background

PhD in Finance, University of Chicago

Experience

Professor Hou joined the Ohio State University Fisher College of Business in 2001.

Honors / Achievements

Dean’s Teaching Performance Recognition, Ohio State University, 2003-2011
INQUIRE-Europe Research Grant Award, 2007, 2011

Short BIO

Professor Kewei Hou’s primary research interest is in the area of empirical asset pricing with a specialization in the predictability of stock returns. He has published in the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Accounting and Economics, and Management Science.
He is a an Associate Editor of the Journal of Empirical Finance, and is 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.

Publication

  • “The Implied Cost of Capital: A New Approach,” 2012, Journal of Accounting and Economics 53, 504-526.

    Winner of INQUIRE-UK Research Grant and Research Grants Council (RGC) of Hong Kong CERG (Competitive Earmarked Research Grant) Award (with Mathijs A. van Dijk and Yinglei Zhang)

    “The Accrual Anomaly: Risk or Mispricing?” 2012, Management Science 58, 320-335. (with David Hirshleifer and Siew Hong Teoh)

    “What Factors Drive Global Stock Returns?” 2011, Review of Financial Studies 24, 2527-2574. Lead article.

    Winner of BSI Gamma Foundation Research Grant Award, INQUIRE-UK Research Grant Award, and Best Paper Award First International Conference on Asia-Pacific Financial Markets (with Andrew Karolyi and Bong-Chan Kho)

    “Accruals, Cash Flows, and Aggregate Stock Returns,” 2009, Journal of Financial Economics 91, 389-406. (with David Hirshleifer and Siew Hong Teoh)

    “Industry Information Diffusion and the Lead-Lag Effect in Stock Returns,” 2007, Review of Financial Studies 20, 1113-1138.

    “Industry Concentration and Average Stock Returns,” 2006, Journal of Finance 61, 1927-1956. (with David Robinson)

    “Market Frictions, Price Delay, and the Cross-Section of Expected Returns,” 2005, Review of Financial Studies 18, 981-1020.

    Winner of Q-Group Research Grant Award (with Tobias Moskowitz)

    “Do Investors Overvalue Firms with Bloated Balance Sheets?” 2004, Journal of Accounting and Economics 38, 297-331. (with David Hirshleifer, Siew Hong Teoh and Yinglei Zhang)