Associate Professor of Finance
Biography | Selected Publications
"Houses as ATMs? Mortgage Refinancing and Macroeconomic Uncertainty." Chen, Hui, Michael Michaux and Nikolai Roussanov, NBER Working Paper 19421. Cambridge, MA: National Bureau of Economic Research, September 2013.
"Measuring the "Dark Matter" in Asset Pricing Models." Hui Chen, Leonid Kogan and Winson Wei Dou. In Proceedings of the 2013 Red Rock Finance Conference. Springdale, UT: September 2013.
"Quantifying Liquidity and Default Risks of Corporate Bonds over the Business Cycle." Chen, Hui, Rui Cui, Zhiguo He, Konstantin Milbradt, NBER Working Paper 20638. Cambridge, MA: National Bureau of Economic Research, 2014. (2013)
"Demand for Crash Insurance, Intermediary Constraints, and Risk Premia in Financial Markets." Chen, Hui, Scott Joslin and Sophie X. Ni, AFA 2013 San DIego Meetings Paper. American Finance Association 2013 Meetings, 2013.
"Systematic Risk, Debt Maturity, and the Term Structure of Credit Spreads." Chen, Hui, Yu Xu and Jun Yang, NBER Working Paper 18367. Cambridge, MA: National Bureau of Economic Research, September 2012.
“Generalized Transform Analysis of Affine Processes and Applications in Finance.” Chen, Hui and Scott Joslin. Review of Financial Studies Vol. 25, No. 7 (2012): 2225-2256. (2012)
“A Unified Theory of Tobin’s q, Corporate Investment, Financing, and Risk Management.” Bolton, Patrick, Hui Chen and Neng Wang. Journal of Finance Vol. 66, No. 5 (2011): 1545-1578. (2011)
“Macroeconomic Conditions and the Puzzles of Credit Spreads and Capital Structure.” Chen, Hui. Journal of Finance Vol. 65, No. 6 (2010): 2171-2212. (2010)
"Idiosyncratic Risks, Asymmetric Information, and Entrepreneurial Financing." Hui Chen, Jianjun Miao and Neng Wang. (2008)
"Solving Asset Pricing Models with Recursive Preferences." Hui Chen. (2007)
"Can Information Costs Explain the Equity Premium and Stock Market Participation Puzzles?" Chen, Hui, University of Chicago Working Paper. Chicago, IL: University of Chicago GSB, November 2006.
"Market Conditions and Strategic Release of Information." Hui Chen. (2004)
Asset pricing; Bond markets; Bond pricing; Credit-default swap; Derivatives; Financial engineering; Liquidity; Options; Options pricing valuation; Risk management