Chen Xue

Headshot of Chen Xue

Chen Xue

Thornburgh Professorship, Associate Professor, Department of Finance, Real Estate, and Insurance and Risk Management

2338 Carl H. Lindner Hall

513-556-7078

Dr. Chen Xue is an associate professor of finance. His main research interests include empirical asset pricing, asset management, and real estate finance. Dr. Xue has published in Review of Financial Studies, Review of Finance, and Journal of Real Estate Finance and Economics. His work has been featured by the Wall Street Journal, Bloomberg and The Economist and has won the second prize at the Chicago Quantitative Alliance Annual Academic Competition in both 2015 and 2017. In 2019, his paper titled “Which Factors?” won the Spängler IQAM Prize for the best investment paper published at the Review of Finance. In 2018, he received the Lindner Research Excellence Emerging Scholar Award. As of August, 2019, Dr. Xue’s research has been cited over 1,300 times according to Google Scholar. In 2016, he received the Daniel J. Westerbeck Junior Faculty Graduate Teaching Award. Dr. Xue earned a PhD in Finance from the University of Michigan in 2012.

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Teaching Interest
Investments/Asset Pricing/Derivatives

Research Interest
Empirical Asset Pricing, Asset Management, Real Estate Finance

Website:  https: //sites.google.com/site/xuecx2013

Awards | Honors
Organization: Review of Finance, European Finance Association
Name: The Spängler IQAM Best Paper Prize
Year Received: 2019

Organization: Lindner College of Business, University of Cincinnati
Name: Dean's List of Teaching Excellence
Year Received: 2018

Organization: Lindner College of Business
Name: Lindner Research Excellence Emerging Scholar Award
Year Received: 2018

Organization: Chicago Quantitative Alliance (CQA)
Name: Second Prize, 2017 CQA Annual Academic Competition
Year Received: 2017

Organization: INQUIRE Europe
Name: 2016 INQUIRE Europe Research Grant
Year Received: 2016

Organization: Lindner College of Business, University of Cincinnati
Name: Daniel J. Westerbeck Junior Faculty Graduate Teaching Award
Year Received: 2016

Organization: Chicago Quantitative Alliance (CQA)
Name: Second Prize, 2015 CQA Annual Academic Competition
Year Received: 2015

Organization: Lindner College of Business, University of Cincinnati
Name: Dean's List of Teaching Excellence
Year Received: 2015

Organization: Lindner College of Business, University of Cincinnati
Name: Dean's List of Teaching Excellence
Year Received: 2013

Organization: Real Estate Research Institute
Name: Real Estate Research Institute Research Grant
Year Received: 2013

Organization: Lindner College of Business, University of Cincinnati
Name: Dean’s List of Teaching Excellence
Year Received: 2012

Education
Institution: University of Michigan
Location: Ann Arbor
Major: Finance
Completed: 2012
Degree: Ph D

Institution: Michigan State University
Location: East Lansing
Major: Statistics
Completed: 2006
Degree: MS

Institution: University of Science and Technology of China
Location: China
Major: Statistics
Completed: 2003
Degree: BS

Published Contributions
Kewei Hou, Haitao Mo, Chen Xue, Lu Zhang,  (2019). Which Factors?. Review of Finance, 1-35.

Shaun Bond, Chen Xue,  (2017). The cross section of expected real estate returns:  Insights from investment-based asset pricing. Journal of Real Estate Finance and Economics, .

Kewei Hou, Chen Xue, Lu Zhang,  (2015). Digesting Anomalies:  An Investment Approach. Review of Financial Studies, 650-705.

Frederico Belo, Chen Xue, Lu Zhang,  (2013). A Supply Approach to Valuation. Review of Financial Studies, 3029-3067.

Accepted Contributions
Andrei Goncalves, Chen Xue, Lu Zhang,  (Accepted). Aggregation, Capital Heterogeneity, and the Investment CAPM. Review of Financial Studies.

Kewei Hou, Chen Xue, Lu Zhang,  (Accepted). Replicating Anomalies. Review of Financial Studies.

Research in progress
Title: An Investment-Based Investigation of Mutual Fund Performance
Status: On-Going
Research Type: Scholarly

Title: Attenuating Anomalies
Status: On-Going
Research Type: Scholarly

Title: Global q-factors
Status: On-Going
Research Type: Scholarly

Title: Intangible Assets and Cross-Sectional Stock Returns:  Evidence from Structural Estimation
Status: On-Going
Research Type: Scholarly

Presentations
Title: Discussion of "Global Market Inefficiencies"
Organization: Ross School of Business, University of Michigan
Location: Ann Arbor
Year: 2019

Title: q^5
Organization: McGill University
Location: New York
Year: 2019

Title: q^5
Organization: Society of Financial Studies
Location: Pittsburgh
Year: 2019

Title: Discussion of "Risk Factors That Matter: Textual Analysis of Risk Disclosures for the Cross-Section of Returns"
Organization: University of Connecticut
Location: Harford, CT
Year: 2019

Title: q^5
Organization: Georgia State University
Location: Atlanta
Year: 2019

Title: Aggregation, Capital Heterogeneity, and the Investment CAPM
Organization: Ourso College of Business, Louisiana State University
Location: Baton Rouge
Year: 2019

Title: Discussion of "Model Comparison with Sharpe Ratios"
Location: Tianjing, China
Year: 2018

Title: Replicating Anomalies
Organization: Western Finance Association
Location: San Diego
Year: 2018

Title: Replicating Anomalies
Organization: National Bureau of Economic Research
Location: New York
Year: 2018

Title: The Econmics of Value Investing
Organization: College of Business, Ohio University
Location: Athens, Ohio
Year: 2018

Title: Replicating Anomalies
Organization: Institute for Private Capital, University of North Carolina
Location: New York
Year: 2017

Title: Replicating Anomalies
Location: Philadephia
Year: 2017

Title: Replicating Anomalies
Organization: Chicago Quantitative Alliance
Location: Chicago
Year: 2017

Title: Discussion of "Taming the Factor Zoo"
Organization: University of Oregon
Location: Eugene, Oregon
Year: 2017

Title: Replicating Anomalies
Organization: Sauder School of Business, University of British Columbia
Location: Vancouver, Canada
Year: 2017

Title: Replicating Anomalies
Organization: Ivey Business School
Location: London, Ontario
Year: 2017

Title: A Comparison of New Factor Models
Organization: Rotman School of Management, University of Toronto
Location: Toronto
Year: 2016

Title: Discussion of "Mispricing Factors"
Organization: Ivey Business School
Location: London, Ontario
Year: 2016

Title: Discussion of "Market Reactions to Internal and External Growth"
Organization: Society for Financial Studies, University of Toronto
Location: Toronto
Year: 2016

Title: Discussion of "Testing Factor Models on Characteristic and Covariance Pure Plays"
Organization: University of Kentucky
Location: Lexington
Year: 2016

Title: The cross section of expected real estate returns:  Insights from investment-based asset pricing
Organization: The American Real Estate and Urban Economics Association (AREUEA)
Location: Washington DC
Year: 2015

Title: A Comparison of New Factor Models
Organization: Sauder School of Business, University of British Columbia
Location: Vancouver, Canada
Year: 2015

Title: A Comparison of New Factor Models
Organization: Financial Intermediation Research Society
Location: Reykjavik, Iceland
Year: 2015

Title: A Comparison of New Factor Models
Organization: McGill University
Location: Montreal, Quebec
Year: 2015

Title: The cross section of expected real estate returns:  Insights from investment-based asset pricing
Organization: The American Real Estate and Urban Economics Association (AREUEA)
Location: Washington DC
Year: 2015

Title: A Comparison of New Factor Models
Organization: Society of Financial Studies
Location: Atlanta, GA
Year: 2015

Title: A Comparison of New Factor Models
Organization: Florida State University
Location: Sandestin Beach, FL
Year: 2015

Title: The cross section of expected real estate returns:  Insights from investment-based asset pricing
Organization: The University of Connecticut Real Estate Center
Location: Storrs, CT
Year: 2015

Title: A Comparison of New Factor Models
Organization: Wharton School of the University of Pennsylvania
Location: Philadelphia, PA
Year: 2015

Title: A Comparison of New Factor Models
Organization: Arizona State University
Location: Scottsdale, AZ
Year: 2015

Title: Discussion:  Predicting Time-varying Value Premium Using the Implied Cost of Capital
Organization: American Finance Association
Location: Boston
Year: 2015

Title: The cross section of expected real estate returns:  Insights from investment-based asset pricing
Organization: Real Estate Research Institute
Location: Chicago
Year: 2014

Title: Digesting Anomalies:  An Investment Approach
Organization: China Center for Financial Research (CCFR), Tsinghua University, Sloan School of Management, MIT
Location: Shanghai
Year: 2013

Title: Cross-Sectional Tobin's Q
Organization: American Finance Association
Location: San Diego
Year: 2013

Title: Cross-Sectional Tobin's Q
Organization: Financial Intermediation Research Society
Location: Minneapolis
Year: 2012

Title: Discussion:  Corporate social responsibility and asset pricing in industry equilibrium
Organization: Financial Intermediation Research Society
Location: Minneapolis
Year: 2012