侯恪惟
联系方式：kwhou@saif.sjtu.edu.cn
秘书：张玮
邮箱：wzhang2@saif.sjtu.edu.cn


教授简介
研究领域
学术成果
SAIF所授课程



教育背景：博士学位：芝加哥大学金融学，2002
学士学位：中国科学技术大学电子工程学，1995
教授介绍：侯恪惟教授现任上海高级金融学院金融学****、美国俄亥俄州立大学菲舍尔商学院Ric Dillon投资学讲席教授。
侯恪惟教授的主要研究领域是资产定价、市场效率、行为金融学、实证公司金融、资本市场会计研究，在国际顶级期刊Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Review of Finance, Journal of Accounting and Economics和Management Science发表多篇论文。
侯恪惟教授是Journal of Empirical Finance的主编，Journal of Banking and Finance和Asia-Pacific Journal of Financial Studies的副主编、Charles A. Dice金融研究中心和中国金融研究院(CAFR)研究员。他曾获得计量金融研究会、欧洲计量投资研究会、英国计量投资研究会、BSI GAMMA基金会、芝加哥计量投资联盟以及香港研究资助局的研究基金。
侯恪惟教授1995年获得中国科学技术大学电子工程学学士学位，2002年获得芝加哥大学布斯商学院金融学博士学位。


资产定价，市场效率，行为金融学，实证公司金融，资本市场会计研究
1. Kewei Hou, Haitao Mo, Chen Xue, Lu Zhang, Forthcoming, An Augmented q-factor Model with Expected Growth, Review of Finance.
2. Kewei Hou, Chen Xue, Lu Zhang, 2020, Replicating Anomalies, The Review of Financial Studies.
3. Kewei Hou, 2019, Which Factors?, Review of Finance.
4. Kewei Hou, Mathijs A. van Dijk, 2019, Resurrecting the Size Effect: Firm Size, Profitability Shocks, and Expected Stock Returns, The Review of Financial Studies.
5. Bai, Hang, Kewei Hou, Howard Kung, Erica X.N. Li, and Lu Zhang, 2018, The CAPM Strikes Back? An Equilibrium Model with Disasters, Journal of Financial Economics.
6. Jack Bao, Kewei Hou, 2017, De Facto Seniority, Credit Risk, and Corporate Bond Prices, The Review of Financial Studies.
7. Hou, Kewei, and Roger K. Loh, 2016, Have We Solved the Idiosyncratic Volatility Puzzle?, Journal of Financial Economics.
8. Hou, Kewei, Chen Xue, and Lu Zhang, 2015, Digesting Anomalies: An Investment Approach, The Review of Financial Studies.
9. Hou, Kewei, Mathijs A. van Dijk, and Yinglei Zhang, 2012, The Implied Cost of Capital: A New Approach, Journal of Accounting & Economics.
10. Hirshleifer, David, Kewei Hou, and Siew Hong Teoh, 2012, The Accrual Anomaly: Risk or Mispricing?, Management Science.
11. Hou, Kewei, and George Andrew Karolyi, 2011, What Factors Drive Global Stock Returns?, The Review of Financial Studies.
12. Hirshleifer, David, Kewei Hou, and Siew Hong Teoh , 2009, Accruals, Cash Flows, and Aggregate Stock Returns, Journal of Financial Economics.
13. Hou, Kewei, 2007, Industry Information Diffusion and the Lead-Lag Effect in Stock Returns, The Review of Financial Studies.
14. Kewei Hou, David Robinson, 2006, Industry Concentration and Average Stock Returns, The Journal of Finance.
15. Kewei Hou, Tobias Moskowitz, 2005, Market Frictions, Price Delay, and the Cross-Section of Expected Returns, The Review of Financial Studies.
16. David Hirshleifer, Kewei Hou, Siew Hong Teoh, Yinglei Zhang, 2004, Do Investors Overvalue Firms with Bloated Balance Sheets?, Journal of Accounting & Economics.

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