Hui Guo

Headshot of Hui Guo, PhD

Hui Guo, PhD

Professor, Briggs Swift Cunningham Professorship of Finance, Department of Finance, Real Estate, and Insurance and Risk Management

2360 Carl H. Lindner Hall

513-556-7077

Hui Guo is a Professor of Finance at the Carl H. Lindner College of Business. He currently serves as the Finance PhD Program coordinator and holds Briggs Swift Cunningham Professorship of Finance. He has a Ph.D. in economics from New York University.

Teaching Interest

empirical mehtods in finance, fixed income, international economics.

Research Interest

http: //homepages.uc.edu/~guohu/

Professor Guo's research interests include the relation between risk and return in the stock market, stock return predictability, idiosyncratic volatility, the dynamics of stock market volatility, and institutional trading. He has published in academic journals such as the Journal of Finance, the Review of Financial Studies, the Journal of Accounting Research, the Journal of Business, the Journal of Financial and Quantitative Analysis, the Contemporary Accounting Research, the Journal of Business and Economics Statistics, the Journal of Money, Credit, and Banking, the Financial Management, and the Journal of Banking and Finance, as well as practitioner journals such as the Journal of Portfolio Management. His article on the risk-return tradeoff in the stock market was nominated for the 2006 Smith-Breeden Prize for the best article published in the Journal of Finance.

History

Institution: Federal Reserve Bank of St. Louis

Title: Economist and Senior Economist

End Date: 2007-08-17

Assignments

Finance Department Doctoral Program Coordinator:  admission; surpervising current students; curriculum innovations; organizing brownbag seminars, comprehensive exams, and second year papers; and doctoral student placements.

Dates: 2014-09-01

Awards | Honors

Organization: 8th Financial Markets and Corporate Governance conference

Name: Best Paper Award

Year Received: 2017

Organization: University of Sydney

Name: Visiting Professor, March 2016

Year Received: 2016

Organization: Dongbei University of Finance and Economics

Name: Special Term Professor

Year Received: 2016

Organization: Wuhan University, China

Name: Luojia Chair Professor

Year Received: 2012

Organization: Southwest Finance Association

Name: 2012 AAII Best Paper in Investments

Year Received: 2012

Organization: Chicago Quantitative Alliance

Name: Chicago Quantitative Alliance Academic Competition Second Prize Award

Year Received: 2011

Organization: American Finance Association

Name: Finalist for Smith Breeden Prize

Year Received: 2007

Organization: Department of Economics, New York University

Name: C. V. Starr Center Dissertation Fellowship

Year Received: 1999

Education

Institution: New York University

Location: NY, NY

Major: Economics

Dissertation: Business Conditions and Asset Prices:  Evidence and Theory

Completed: 2000

Degree: Ph D

Institution: University of New Hampshire

Location: Durham, New Hampshire

Major: Economics

Completed: 1994

Degree: MA

Institution: Wuhan University

Location: Wuhan, China

Major: Economics

Completed: 1992

Degree: BS

Published Contributions

Hui Guo, Chaojiang Wu, Yan Yu,  (2017). Time-Varying Beta and the Value Premium. Journal of Financial and Quantitative Analysis, 1551-1576.

Hui Guo, Sandra Mortal, Robert Savickas, Robert Wood,  (2017). Market Illiquidity and Conditional Equity Premium. Financial Management, 743-766.

Hui Guo, Buhui Qiu,  (2016). A Better Measure of Institutional Informed Trading. Contemporary Accounting Research, 815–850 .

Shaonan Tian, Yan Yu, Hui Guo,  ,  (2015). Variable Selection and Corporate Bankruptcy Forecasts. Journal of Banking and Finance, 89-100.

Michael Ferguson, Hui Guo, Haimont Kassa,  (2014). On the Relation between EGARCH Idiosyncratic Volatility and Expected Stock Returns. Journal of Financial and Quantitative Analysis, 271-295.

Hui Guo, Buhui Qiu,  (2014). Options-Implied Variance and Future Stock Returns. Journal of Banking and Finance/Elsevier B.V., 93-113.

Hui Guo, Zijun Wang, Jian Yang,  (2013). Time-Varying Risk-Return Tradeoff in the Stock Market. Journal of Money, Credit, and Banking/Ohio State University, 623-650.

Adam A. Ding, Shaonan Tian, Yan Yu, Hui Guo,  (2012). A Class of Discrete Transformation Survival Model with Application to Default Probability Prediction . Journal of the American Statistical Association, 990-1003.

Hui Guo,  (2011). IPO First-Day Return and Ex Ante Equity Premium. Journal of Financial and Quantitative Analysis/Cambridge University Press, 871-905 .

Hui Guo, Xiaowen Jiang,  (2011). Accruals and Conditional Equity Premium. Journal of Accounting Research/University of Chicago, 187-221.

Hui Guo, Robert Savickas, (2010). The Relation between Time-Series and Cross-Sectional Effects of Idiosyncratic Variance on Stock Returns in G7 Countries. Journal of Banking an Finance/Elsevier, 1637-1649.

Hui Guo, Robert Savickas, Jian Yang, Zijun Wang,  (2009). Is the Value Premium a Proxy for Time-Varying Investment Opportunities:  Some Time Series Evidence. Journal of Financial and Quantitative Analysis, 133-154.

Hui Guo,  (2009). Data Revisions and Out-of-Sample Stock Return Predictability. Economic Inquiry, 81-97.

Hui Guo, chris Neely, Jason Higbee,  (2008). Foreign Exchange Volatility is Priced in Equities. Financial Management, 769-790.

Hui Guo, Robert Savickas,  (2008). Average Idiosyncratic Volatility in G7 Countries. Review of Financial Studies, 1259-1296.

Hui Guo, Robert Savickas,  (2008). Forecasting Foreign Exchange Rates Using Idiosyncratic Volatility. Journal of Banking and Finance, 1322-1332.

Hui Guo, Chris Neely,  (2008). Investigating the Intertemporal Risk-Return Relation in International Stock Markets with the Component GARCH Model. Economics Letters, 371-374.

Hui Guo, Jason Higbee,  (2007). Market Timing with Aggregate and Idiosyncratic Stock Volatilities. Journal of Portfolio Management, .

Hui Guo, Jian Yang, Zijun Wang,  (2006). International Transmission of Inflation among G-7 Countries:  A Data-Determined VAR Analysis. Journal of Banking and Finance, , 2681-2700.

Hui Guo,  (2006). On the Out-of-Sample Predictability of Stock Market Returns. Journal of Business, 645-670 .

Hui Guo,  (2006). On the Risk-Return Relation in International Stock Markets. Financial Review, 565-587.

Hui Guo,  (2006). Time-Varying Risk Premia and the Cross Section of Stock Returns. Journal of Banking and Finance, 2087-2107.

Hui Guo, Robert Whitelaw,  (2006). Uncovering the Risk-Return Relation in the Stock Market. Journal of Finance, 1433-1463.

Hui Guo, Robert Savickas,  (2006). Idiosyncratic Volatility, Stock Market Volatility, and Expected Stock Returns. Journal of Business and Economic Statistics, 43-56.

Hui Guo,  Kevin  Kliesen,  (2005). Oil Price Volatility and U.S. Macroeconomic Activity, . Federal Reserve Bank of St. Louis Review, 669-83.

Hui Guo,  (2004). A Rational Pricing Explanation for the Failure of the CAPM. Federal Reserve Bank of St. Louis Review, , 23-33.

Hui Guo,  (2004). Limited Stock Market Participation and Asset Prices in a Dynamic Economy. Journal of Financial and Quantitative Analysis, 495-516.

Hui Guo,  (2004). Stock Prices, Firm Size, and Changes in the Federal Funds Rate Target . Quarterly Review of Economics and Finance, 487-507.

Hui Guo,  (2002). Stock Market Returns, Volatility, and Future Output. Federal Reserve Bank of St. Louis Review, 75-86.

Hui Guo,  (2002). Why Are Stock Market Returns Correlated with Future Economic Activities. Federal Reserve Bank of St. Louis Review, 19-34.

Hui Guo,  (2001). A Simple Model of Limited Stock Market Participation. Federal Reserve Bank of St. Louis Review, 37-47.

Research in progress

Title: Information Asymmetry Measures and Their Effects on Cost of Equity

Title: Stock Repurchase and Short-run Reversal

Status: On-Going

Research Type: Scholarly

Presentations

Title: Good Jumps, Bad Jumps, and Conditional Equity Premium

Organization: FMA

Location: Boston

Year: 2018

Title: Systematic Mispricing:  Evidence from Real Estate Markets

Organization: University of Sydney

Location: Sydney, Australia

Year: 2018

Title: Uncovering China's Stock Market Risk--Return Relation:  Crazy Casino Punters or Risk Averse Investors?

Organization: Dongbei University of Finance and Economics

Location: Dalian, China

Year: 2018

Title: Systematic Mispricing:  Evidence from Real Estate Markets

Organization: Real Estate Research Institute

Location: Chicago

Year: 2018

Title: On the Stock Market Variance-Return or Price Relations:  A Tale of Two Variances

Organization: University of Hawaii

Location: Hawaii

Year: 2018

Title: Conditional Equity Premium and Aggregate Investment:  Is the Stock Market a Sideshow?

Organization: LSU

Location: Baton Rouge

Year: 2017

Title: Good Jumps, Bad Jumps, and Conditional Equity Premium

Organization: National Bureau of Economic Research

Location: Evanston, Illinois

Year: 2017

Title:  A Simple Model that Helps Explaining the Accruals Anomaly

Organization: Midwest Finance Association

Location: Chicago

Year: 2017

Title: What Moves Aggregate Investment (and Net Hiring):  Investor Sentiment or Time-Varying Equity Premium

Organization: University of Sydney Business School

Location: Sydney

Year: 2016

Title: Good Jumps, Bad Jumps, and Conditional Equity Premium

Organization: American Finance Association

Location: San Francisco

Year: 2016

Title: What Moves Aggregate Investment (and Net Hiring):  Investor Sentiment or Time-Varying Equity Premium

Organization: Fudan University

Location: Shanghai

Year: 2015

Title: What Moves Aggregate Investment (and Net Hiring):  Investor Sentiment or Time-Varying Equity Premium

Organization: Wuhan University

Location: Wuhan, China

Year: 2015

Title: What Moves Aggregate Investment (and Net Hiring):  Investor Sentiment or Time-Varying Equity Premium?

Organization: Shanghai University of Finance and Economics

Location: Shanghai, China

Year: 2015

Title: Good Jumps, Bad Jumps, and Conditional Equity Premium

Organization: Department of Economics, New York University

Location: New York City

Year: 2015

Title: Uncovering the Relation between Aggregate Stock Illiquidity and Expected Excess Market Returns

Organization: Central University of Finance and Economics

Location: Beijing, China

Year: 2015

Title:  A Better Measure of Institutional Informed Trading

Organization: Wuhan University

Location: Wuhan, China

Year: 2015

Title: Good Jumps, Bad Jumps, and Conditional Equity Premium

Organization: Dongbei University of Finance and Economics

Location: Dalian, China

Year: 2015

Title: Stock Splits and Conditional Value Premium

Organization: zhongnan university of economics and law

Location: Wuhan, China

Year: 2014

Title: Doctoral Course of Asset Pricing

Organization: Wuhan University

Location: Wuhan, China

Year: 2014

Title: A better measure of institutional Informed Trading

Organization: Northern Finance Association

Location: Ottawa

Year: 2014

Title: On the time-varying conditional value premium

Organization: University of Dayton, Department of Finance

Location: Dayton, US

Year: 2014

Title: Stock Market Return Predictability

Organization: Economics and Management School, Wuhan University

Location: Wuhan, China

Year: 2013

Title: stock market return predictability:  Theories

Organization: Rotterdam School of Management

Location: Netherlands

Year: 2013

Title: On the Time-Varying Conditional Value Premium

Organization: Rotterdam School of Business

Location: Rotterdam, Netherlands

Year: 2013

Title: stock market return predictability:  Empirics

Organization: Rotterdam School of Management

Location: Netherlands

Year: 2013

Title: Time-Varying Risk-Return Tradeoff in the Stock Market

Organization: University of Texas A&M Department of Econ

Location: College Station Texas

Year: 2013

Title: On the Relation between EGARCH Idiosyncratic Volatility and Expected Stock Returns

Organization: Eastern Finance Association

Location: Boston, MA

Year: 2012

Title: On the Relation between EGARCH Idiosyncratic Volatility and Expected Stock Returns

Organization: Southwest Finance Association

Location: New Orleans, LA

Year: 2012

Title: Aggregate Distress Risk is Priced with a Positive Premium

Organization: American Accounting Association

Location:  Chciago

Year: 2012

Title: On the Relation between EGARCH Idiosyncratic Volatility and Expected Stock Returns

Organization: Financial Management Association

Location: Key West, FL

Year: 2011

Title: On the Relation between EGARCH Idiosyncratic Volatility and Expected Stock Returns

Location: Key West

Year: 2011

Title: On the Relation between EGARCH Idiosyncratic Volatility and Expected Stock Returns

Organization: Financial Management Association

Location: Denver, CO

Year: 2011

Title: Stock Splits and Conditional Value Premium

Organization: FMA

Location: Denver

Year: 2011

Title: Options-Implied Variance and Future Stock Returns

Organization: Xiamen University

Location: Xiamen, China

Year: 2011

Title: Options-Implied Variance and Future Stock Returns

Organization: Wuhan University

Location: Wuhan, China

Year: 2011

Title: Stock Splits and Conditional Value Premium

Organization: EFA

Location: Savannah

Year: 2011

Title: Stock Splits and Conditional Value Premium

Organization: MFA

Location: Chicago

Year: 2011

Title: Stock Splits and Conditional Value Premium

Organization: Department of Finance, Kentucky University

Location: Kentucky University

Year: 2011

Title: Stock Splits and Conditional Value Premium

Organization: School of Management, Xiamen University

Location: Xiamen, China

Year: 2010

Title: Does Aggregate Relative Risk Aversion Change over Time?

Organization: Wang Yanan Institute of Economic Research, Xiamen University

Location: Xiamen University

Year: 2010

Title: Aggregate Distress Risk is Priced with a Positive Premium

Organization: CRSP

Location: Chicago

Year: 2010

Title: Aggregate Distress Risk is Priced with a Positive Premium

Organization: Financial Management Association

Location: New York City

Year: 2010

Title: Average Idiosyncratic Variance and Expected Stock Market Returns:  Some Further Evidence

Organization: Northern Illinois University

Location: DeKalb, Illilois

Year: 2010

Title:  Aggregate Distress Risk is Priced with a Positive Premium

Organization: Ohio University

Location: Athens, OH

Year: 2010

Title: Uncovering the Relation between Aggregate Stock Illiquidity and Expected Excess Market Returns

Organization: EDHEC

Location: NICE, FRANCE

Year: 2010

Title:  Uncovering the Relation between Aggregate Stock Illiquidity and Expected Excess Market Returns

Organization: hong kong university

Location: hong knog, china

Year: 2009

Title:  Accruals and Conditional Equity Premium

Organization: Financial Management Association

Location: Reno, Nevada

Year: 2009

Title:  Uncovering the Relation between Aggregate Stock Illiquidity and Expected Excess Market Returns

Organization: Wuhan University

Location: Wuhan, China

Year: 2009

Title:  IPO First-Day Return and Ex Ante Equity Premium

Organization: Tsinghua University and MIT

Location: Guangzhou, China

Year: 2009

Title:  Uncovering the Relation between Aggregate Stock Illiquidity and Expected Excess Market Returns

Organization: Chicago Quantitative Alliance

Location: chicago, Illinois

Year: 2009

Title: Accruals and conditional equity premium

Organization: AAA

Location: New Orleans, LA

Year: 2009

Organization: European Financial Management Association

Year: 2007

Organization: Finanical Management Association

Year: 2007

Organization: Financial Management Association

Year: 2007

Organization: Hong Kong University of Science and Technology

Location: Hong Kong, China

Year: 2007

Organization: loyola university in Chicago

Year: 2007

Organization: Nanyang Technological University

Location: Singapore

Year: 2007

Organization: Singapore Management University

Location: Singapore

Year: 2007

Organization: university of cincinnati

Year: 2007

Organization: University of Cincinnati

Year: 2007

Organization: University of Kansas

Year: 2007

Title: Average Idiosyncratic Variance and Expected Stock Market Returns:  Some Further Evidence

Organization: Hong Kong University

Location: Hong Kong

Year: 2007

Title: The Relation between Time-Series and Cross-Sectional Effects of Idiosyncratic Variance on Stock Returns in G7 Countries

Organization: Copenhagen Business School

Location: Copenhagen

Year: 2007

Organization: University of Chicago

Year: 2006

Organization: Financial Management Association

Year: 2006

Organization: Financial Management Association

Year: 2006

Location: University of Missouri

Year: 2006

Organization: university of Missouri at Columbia

Year: 2006

Organization: Washington Area Finance Association

Year: 2006

Organization: Eastern Finance Association

Year: 2005

Organization: George Washington University

Year: 2005

Organization: Financial Management Association

Location: Chicago

Year: 2005

Title: Idiosyncratic Volatility, Stock Market Volatility, and Expected Stock Returns

Organization: American Finance Association

Location: Philadelphia, PA

Year: 2005

Organization: Financial Management Association

Year: 2004

Location: University of Missouri Columbia

Year: 2004

Organization: University of New Hampshire

Year: 2004

Organization: Eurpoean Financial Management Association

Year: 2003

Organization: Financial Management Association

Year: 2003

Organization: Financial Management Association

Year: 2003

Organization: George Washington University

Year: 2003

Title: Time-Varying Risk Premia and the Cross Section of Stock Returns

Organization: University of Missouri at Columbia

Location: Columbia, MO

Year: 2003

Organization: midwest Finance association

Year: 2003

Organization: Eastern Finance Association

Year: 2002

Location: University of Missouri at Columbia

Year: 2002

Organization: Washington Area Finance Association

Year: 2002

Title: Limited Stock Market Participation and Asset Prices in a Dynamic Economy

Organization: Federal Reserve System

Location: Washington D.C.

Year: 2001

Organization: federal reserve bank of dallas

Year: 2000

Organization: Federal Reserve Bank of St. louis

Year: 2000