Professional Summary
Dr. Chen Xue is an associate professor of finance at the University of Cincinnati Lindner College of Business. His main research interests include empirical asset pricing, machine learning, asset management, and real estate finance. Dr. Xue has published in Review of Financial Studies, Review of Finance, Management Science, and Journal of Real Estate Finance and Economics. His work has been featured by 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 Review of Finance. In 2022, he received the University of Cincinnati Faculty Excellence Award. As of September 2022, Dr. Xue’s research has been cited over 3,600 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.
Education
Ph D: University of Michigan Ann Arbor, 2012 (Finance)
MS: Michigan State University East Lansing, 2006 (Statistics)
BS: University of Science and Technology of China China, 2003 (Statistics)
Research and Practice Interests
Research Interests: Empirical Asset Pricing, Machine Learning, Asset Management
Website: https://sites.google.com/view/xuecx
Research Support
Investigators:Xue, Chen; Hou, Kewei; Zhang, Lu 05-2016 INQUIRE Europe INQUIRE Europe Research Grant 10000 Funded Type:Grant Level:Other
Investigators:Xue, Chen 05-2017 -08-2017 Lindner College of Business 2017 Lindner College of Business Summer Research Grant 10000 Funded Type:Grant Level:The University of Cincinnati
Investigators:Xue, Chen; Bond, Shaun 07-2013 -06-2014 Real Estate Research Institute 2013 Real Estate Research Institute Research Grant 15000 Funded Type:Grant Level:Other
Publications
Published Abstracts
Xue, Chen An Investment-Based Investigation of Mutual Fund Performance .[Abstract]
Xue, Chen;Kewei Hou;Haitao Mo;Lu Zhang Attenuating Anomalies .[Abstract]
Xue, Chen;Kewei Hou;Lu Zhang Global q-factors .[Abstract]
Xue, Chen;Erica X. N. Li;Laura X. L. Liu Intangible Assets and Cross-Sectional Stock Returns: Evidence from Structural Estimation .[Abstract]
Xue, Chen;Kewei Hou;Haitao Mo;Lu Zhang The Economics of Security Analysis .[Abstract]
Other Publications
Goncalves, Andrei; Xue, Chen; Zhang, Lu Aggregation, Capital Heterogeneity, and the Investment CAPM . Review of Financial Studies
Hou, Kewei; Mo, Haitao; Xue, Chen; Zhang, Lu (2019. ) Which Factors? .23 (1 ) , Review of Finance
Hou, Kewei; Mo, Haitao; Xue, Chen; Zhang, Lu q^5 .
Hou, Kewei; Xue, Chen; Zhang, Lu Replicating Anomalies . Review of Financial Studies
Bond, Shaun; Xue, Chen (2017. ) The cross section of expected real estate returns: Insights from investment-based asset pricing .54 (3 ) , Journal of Real Estate Finance and Economics
Hou, Kewei; Xue, Chen; Zhang, Lu (03-2015. ) Digesting Anomalies: An Investment Approach .28 (3 ) , Review of Financial Studies
Belo, Frederico; Xue, Chen; Zhang, Lu (2013. ) A Supply Approach to Valuation .26 (12 ) , Review of Financial Studies
Presentations
Invited Presentations
Xue, Chen (05-17-2019. ) Discussion of "Risk Factors That Matter: Textual Analysis of Risk Disclosures for the Cross-Section of Returns" .Annual Univeristy of Connecticut Finance Conference, Univeristy of Connecticut, Harford, CT. Conference. . Level:International
Xue, Chen (07-2018. ) Discussion of "Model Comparison with Sharpe Ratios" .China International Conference in Finance, Tianjing, China. Conference. . Level:International
Xue, Chen (03-2018. ) The Econmics of Value Investing .Invited Research Seminar, College of Business, Ohio University, Athens, Ohio. Seminar. . Level:National
Xue, Chen (08-2017. ) Discussion of "Taming the Factor Zoo" .The 2017 University of Oregon Summer Finance Conference, University of Oregon, Eugene, Oregon. Conference. . Level:International
Xue, Chen; Zhang, Lu; Hou, Kewei (05-2017. ) Replicating Anomalies .Ben Graham Centre"s 6th Symposium on Intelligent Investing, Ivey Business School, London, Ontario. Conference. . Level:International
Xue, Chen (05-2016. ) Discussion of "Mispricing Factors" .Ben Graham Centre"s 5th Symposium on Intelligent Investing, Ivey Business School, London, Ontario. Conference. . Level:International
Xue, Chen (05-2016. ) Discussion of "Market Reactions to Internal and External Growth" .Society for Financial Studies Finance Cavalcade, Society for Financial Studies, University of Toronto, Toronto. Conference. . Level:International
Xue, Chen (04-2016. ) Discussion of "Testing Factor Models on Characteristic and Covariance Pure Plays" .The 1st PNC University of Kentucky Finance Conference, University of Kentucky, Lexington. Conference. . Level:International
Xue, Chen (01-2015. ) Discussion: Predicting Time-varying Value Premium Using the Implied Cost of Capital .The 2015 American Finance Association Annual Meetings, American Finance Association, Boston. Conference. . Level:International
Xue, Chen (06-2012. ) Discussion: Corporate social responsibility and asset pricing in industry equilibrium .The 2012 Financial Intermediation Research Society Conference, Financial Intermediation Research Society, Minneapolis. Conference. . Level:International
Honors and Awards
03-2018 Lindner Research Excellence Emerging Scholar Award Level:College Type:Scholarship/Research
09-2017 Second Prize, 2017 CQA Annual Academic Competition Academic paper competition in Finance research sponsored by industry practitioners Level:International Type:Scholarship/Research
04-2016 2016 INQUIRE Europe Research Grant Inquire Europe provides financial support for academic research projects with potential applications in the field of investment management. Level:International Type:Scholarship/Research
03-2016 Daniel J. Westerbeck Junior Faculty Graduate Teaching Award Level:College Type:Teaching
09-2015 Second Prize, 2015 CQA Annual Academic Competition Academic paper competition in Finance research sponsored by industry practitioners Level:International Type:Scholarship/Research
05-2015 Dean"s List of Teaching Excellence Level:College Type:Teaching
12-2013 Dean"s List of Teaching Excellence Level:College Type:Teaching
05-2013 Real Estate Research Institute Research Grant Level:National Type:Scholarship/Research
12-2012 Dean’s List of Teaching Excellence Level:College Type:Teaching
Service
Finance department doctoral program committee (Assist the PhD coordinator in evaluating and advising current doctoral students; review doctoral program applications and interview candidates; assist in revising doctoral program curriculum and requirements; provide and grade test problems for doctoral comprehensive exams; evaluating doctoral student second-year research papers; organize student activities for the doctoral program; teach in special topic class for doctoral students ) Committee Member Type:Departmental Service Level:Department 09-01-2014
Finance Department Seminar Series (Organize the nomination and selection of seminar speakers; contact and manage the logistics for speakers’ visits; communicate with other departments in coordinating research events ) Co-organizer Type:Departmental Service Level:Department 09-01-2013
2017 LCB Awards Selection Committee (Review candidates for the EXCEL Graduate and Westerbeck Awards ) Committee Member Type:University/College Service Level:University 03-2017 -03-2017
Financial Review Reviewer, Journal Article Type:Prof. Org. Level:Service to Professional Associations 08-2018
Review of Finance Reviewer, Journal Article Type:Prof. Org. Level:Service to Professional Associations 03-2018
Journal of Political Economy Reviewer, Journal Article Type:Prof. Org. Level:Service to Professional Associations 10-2017
Research Grants Council (RGC) of Hong Kong Reviewer, Grant Proposal Type:Prof. Org. Level:Service to Professional Associations 03-2017
European Financial Management Reviewer, Journal Article Type:Prof. Org. Level:Service to Professional Associations 12-2016
Financial Management Reviewer, Journal Article Type:Prof. Org. Level:Service to Professional Associations 09-2016
Management Science Reviewer, Journal Article Type:Prof. Org. Level:Service to Professional Associations 08-2016
Journal of Banking and Finance Reviewer, Journal Article Type:Prof. Org. Level:Service to Professional Associations 12-2015
Journal of Empirical Finance Reviewer, Journal Article Type:Prof. Org. Level:Service to Professional Associations 05-2015
Journal of Quantitative and Financial Analysis Reviewer, Journal Article Type:Prof. Org. Level:Service to Professional Associations 05-2015
Review of Financial Studies Reviewer, Journal Article Type:Prof. Org. Level:Service to Professional Associations 02-2015
Journal of Money, Credit, and Banking Reviewer, Journal Article Type:Prof. Org. Level:Service to Professional Associations 08-2014
Czech Science Foundation Reviewer, Grant Proposal Type:Prof. Org. Level:Service to Professional Associations 08-2017 -08-2017
Professional Affiliation
01-2018: The primary goal of CQA is to facilitate the interchange of ideas between leading professionals in quantitative asset management. Chicago Quantitative Alliance, International
09-01-2014: The mission of the Macro Finance Society is to advance and disseminate high-quality research in Macro Finance, which is a broad area at the intersection of financial economics and macroeconomics. The research conducted at The Society emphasizes microeconomic foundations via (dynamic) structural modeling, while being grounded in the data. Members of The Society consist of both financial economists and macroeconomists, who share the common goal of advancing and disseminating high-quality research in Macro Finance. Macro Finance Society, International
Courses Taught
AFA INVESTMENTS
DERIVATIVES
INVMTS
EMP ASSET PRICING
INVESTMENTS
INVMTS
EMP ASSET PRICING
INVESTMENTS
INVMTS
Investments
Investments
Investments
Empirical Studies in Asset Pricing and Investments
Investments
Investments
IND STDY
INVESTMENTS
Independent Study in Finance
Investments
Investments
Asset Pricing Theory
Investments
Investments