Long Chen

Luohan Academy

Director

No. 556, Xixi Road, Z Space

Xihu District

Hangzhou, Zhejiang 310013

China

Cheung Kong Graduate School of Business

Professor of Finance

Oriental Plaza, Tower E3

One East Chang An Avenue

Beijing, 100738

China

SCHOLARLY PAPERS

23

DOWNLOADS
Rank 932

SSRN RANKINGS

Top 932

in Total Papers Downloads

35,433

SSRN CITATIONS
Rank 693

SSRN RANKINGS

Top 693

in Total Papers Citations

532

CROSSREF CITATIONS

1,015

Scholarly Papers (23)

1.

An Alternative Three-Factor Model

Number of pages: 32 Posted: 19 May 2010 Last Revised: 21 Jan 2014
Long Chen, Long Chen, Robert Novy-Marx and Lu Zhang
Cheung Kong Graduate School of BusinessLuohan Academy, Simon Business School, University of Rochester and Ohio State University - Fisher College of Business
Downloads 12,227 (441)
Citation 148

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Anomalies, Alphas, Factor Regressions, Asset Pricing Tests

2.

On the Relation between the Market-to-Book Ratio, Growth Opportunity, and Leverage Ratio

AFA 2005 Philadelphia Meetings
Number of pages: 19 Posted: 05 Mar 2004
Long Chen, Long Chen and Xinlei Shelly Zhao
Cheung Kong Graduate School of BusinessLuohan Academy and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 3,556 (3,862)
Citation 7

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Capital structure, target leverage ratio, pecking order theory, market timing hypothesis, market-to-book ratio, growth opportunity

3.

Profitability, Mean Reversion of Leverage Ratios, and Capital Structure Choices

Number of pages: 47 Posted: 15 Oct 2004
Long Chen, Long Chen and Xinlei Shelly Zhao
Cheung Kong Graduate School of BusinessLuohan Academy and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 2,659 (6,313)
Citation 22

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Capital structure, tradeoff theory, pecking order theory, profitability

4.

Corporate Yield Spreads and Bond Liquidity

Number of pages: 42 Posted: 07 Feb 2004
David A. Lesmond, Long Chen, Long Chen and Jason Zhanshun Wei
Tulane University - A.B. Freeman School of Business, Cheung Kong Graduate School of BusinessLuohan Academy and University of Toronto - Rotman School of Management
Downloads 2,478 (7,085)
Citation 143

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5.

What Drives Stock Price Movement?

Number of pages: 53 Posted: 18 Apr 2008 Last Revised: 24 Mar 2012
Long Chen, Long Chen, Zhi Da and Xinlei Shelly Zhao
Cheung Kong Graduate School of BusinessLuohan Academy, University of Notre Dame - Mendoza College of Business and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 1,822 (11,627)
Citation 40

Abstract:

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Expected return, discount rate news, cash flow news, predictability, analyst forecast

6.

A Brief Introduction to Blockchain Economics

Number of pages: 41 Posted: 12 Sep 2019 Last Revised: 12 Oct 2020
Long Chen, Long Chen, Lin William Cong and Yizhou Xiao
Cheung Kong Graduate School of BusinessLuohan Academy, Cornell University - Samuel Curtis Johnson Graduate School of Management and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 1,507 (15,735)
Citation 15

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Bitcoin, Blockchain, Distributed Ledger, FinTech

7.
Downloads 1,451 ( 16,692)
Citation 50

Expected Returns, Yield Spreads, and Asset Pricing Tests

Simon School Working Paper No. FR 04-04, AFA 2005 Philadelphia Meetings
Number of pages: 48 Posted: 12 Dec 2004
Murillo Campello, Long Chen, Long Chen and Lu Zhang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Cheung Kong Graduate School of BusinessLuohan Academy and Ohio State University - Fisher College of Business
Downloads 1,159 (22,881)
Citation 7

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Expected Returns, Risk Factors, Systematic Risk, Yield Spreads

Expected Returns, Yield Spreads, and Asset Pricing Tests

Review of Financial Studies, Forthcoming
Number of pages: 52 Posted: 07 Nov 2007
Murillo Campello, Long Chen, Long Chen and Lu Zhang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Cheung Kong Graduate School of BusinessLuohan Academy and Ohio State University - Fisher College of Business
Downloads 232 (167,730)

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Expected returns, risk factors, systematic risk, yield spreads

Number of pages: 41 Posted: 13 Jun 2005 Last Revised: 15 Jun 2020
Murillo Campello, Long Chen, Long Chen and Lu Zhang
Cornell University - Samuel Curtis Johnson Graduate School of Management, Cheung Kong Graduate School of BusinessLuohan Academy and Ohio State University - Fisher College of Business
Downloads 60 (452,591)
Citation 2

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On the Relation between the Credit Spread Puzzle and the Equity Premium Puzzle

AFA 2006 Boston Meetings Paper
Number of pages: 59 Posted: 16 Mar 2005 Last Revised: 01 Jul 2011
Long Chen, Long Chen, Pierre Collin-Dufresne and Robert S. Goldstein
Cheung Kong Graduate School of BusinessLuohan Academy, Ecole Polytechnique Fédérale de Lausanne and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 1,341 (18,439)
Citation 76

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Equity premium, credit spread, habit formation model

On the Relation between the Credit Spread Puzzle and the Equity Premium Puzzle

Review of Financial Studies, Forthcoming
Posted: 12 Nov 2007
Long Chen, Long Chen, Pierre Collin-Dufresne and Robert S. Goldstein
Cheung Kong Graduate School of BusinessLuohan Academy, Ecole Polytechnique Fédérale de Lausanne and University of Minnesota - Twin Cities - Carlson School of Management

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9.
Downloads 1,143 ( 23,790)
Citation 46

Return Decomposition

AFA 2007 Chicago Meetings Paper
Number of pages: 45 Posted: 10 Sep 2005 Last Revised: 25 May 2008
Long Chen, Long Chen and Xinlei Shelly Zhao
Cheung Kong Graduate School of BusinessLuohan Academy and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 1,143 (23,396)
Citation 46

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Return decomposition, discount rate news, cash flow news, value stock, growth stock

Return Decomposition

Review of Financial Studies, Forthcoming
Posted: 07 Sep 2008
Long Chen, Long Chen and Xinlei Shelly Zhao
Cheung Kong Graduate School of BusinessLuohan Academy and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division

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return decomposition, discount rate, cash flow, value stock, growth stock

Return Decomposition

The Review of Financial Studies, Vol. 22, Issue 12, pp. 5213-5249, 2009
Posted: 24 Nov 2009
Long Chen, Long Chen and Xinlei Shelly Zhao
Cheung Kong Graduate School of BusinessLuohan Academy and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division

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G11, G12

10.
Downloads 1,067 ( 26,302)
Citation 287

The Expected Value Premium

AFA 2007 Chicago Meetings Paper, Ross School of Business Paper No. 1049
Number of pages: 39 Posted: 13 Mar 2006
Long Chen, Long Chen, Ralitsa Petkova and Lu Zhang
Cheung Kong Graduate School of BusinessLuohan Academy, Case Western Reserve University - Department of Banking & Finance and Ohio State University - Fisher College of Business
Downloads 651 (51,293)

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The Value Premium, Expected Returns, Dividend Growth, Dividend Price Ratio

The Expected Value Premium

Forthcoming, Journal of Financial Economics (JFE)
Number of pages: 23 Posted: 09 Apr 2007
Long Chen, Long Chen, Ralitsa Petkova and Lu Zhang
Cheung Kong Graduate School of BusinessLuohan Academy, Case Western Reserve University - Department of Banking & Finance and Ohio State University - Fisher College of Business
Downloads 365 (103,952)

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The Value Strategy, Expected Returns, Dividend Growth, Dividend Price Ratio, Capital Gains

The Expected Value Premium

Number of pages: 43 Posted: 23 May 2006 Last Revised: 17 Oct 2021
Long Chen, Long Chen, Ralitsa Petkova and Lu Zhang
Cheung Kong Graduate School of BusinessLuohan Academy, Case Western Reserve University - Department of Banking & Finance and Ohio State University - Fisher College of Business
Downloads 51 (488,799)
Citation 55

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11.
Downloads 985 ( 29,475)
Citation 2

Neoclassical Factors

Ross School of Business Paper No. 1088, AFA 2009 San Francisco Meetings Paper
Number of pages: 39 Posted: 25 Jun 2007 Last Revised: 16 Sep 2009
Lu Zhang, Long Chen and Long Chen
Ohio State University - Fisher College of Business and Cheung Kong Graduate School of BusinessLuohan Academy
Downloads 917 (32,193)
Citation 2

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The cross-section of returns, anomalies, neoclassical economics, factor regressions

Neoclassical Factors

Number of pages: 58 Posted: 23 Jul 2007 Last Revised: 18 Apr 2021
Long Chen, Long Chen and Lu Zhang
Cheung Kong Graduate School of BusinessLuohan Academy and Ohio State University - Fisher College of Business
Downloads 68 (423,975)

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12.

Are Financial Constraints Priced? Evidence from Firm Fundamentals and Stock Returns

Journal of Money, Credit, and Banking, Forthcoming
Number of pages: 22 Posted: 19 Mar 2005 Last Revised: 18 Feb 2010
Murillo Campello, Long Chen and Long Chen
Cornell University - Samuel Curtis Johnson Graduate School of Management and Cheung Kong Graduate School of BusinessLuohan Academy
Downloads 985 (29,475)
Citation 1

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Financial constraints, equity returns, credit spreads, systematic risk, macroeconomic shocks

13.

Dividend Smoothing and Predictability

Number of pages: 56 Posted: 12 Oct 2008 Last Revised: 16 Mar 2011
Long Chen, Long Chen, Zhi Da and Richard Priestley
Cheung Kong Graduate School of BusinessLuohan Academy, University of Notre Dame - Mendoza College of Business and Norwegian Business School
Downloads 817 (38,279)
Citation 17

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Dividend-price ratio, earning-price ratio, dividend growth, earnings growth, predictability, dividend smoothing

14.

Myopic Extrapolation, Price Momentum, and Price Reversal

Number of pages: 50 Posted: 04 Jul 2009 Last Revised: 10 Nov 2009
Long Chen, Long Chen, Claudia E. Moise and Xinlei Shelly Zhao
Cheung Kong Graduate School of BusinessLuohan Academy, Duke University, The Fuqua School of Business and Government of the United States of America - Office of the Currency Comptroller - Risk Analysis Division
Downloads 790 (40,066)
Citation 1

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Momentum, reversal, analyst forecast, earnings, expected return, realized return

On the Reversal of Return and Dividend Growth Predictability: A Tale of Two Periods

Number of pages: 53 Posted: 25 Mar 2008 Last Revised: 27 May 2008
Long Chen and Long Chen
Cheung Kong Graduate School of BusinessLuohan Academy
Downloads 764 (41,364)
Citation 58

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Dividend price ratio, equity return, dividend growth, predictability

On the Reversal of Return and Dividend Growth Predictability: A Tale of Two Periods

Journal of Financial Economics (JFE), Forthcoming
Posted: 28 May 2008
Long Chen and Long Chen
Cheung Kong Graduate School of BusinessLuohan Academy

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Dividend yield, equity return, dividend growth, predictability

16.

Equity Market Volatility and Expected Risk Premium

Federal Reserve Bank St. Louis Working Paper No. 2006-007
Number of pages: 40 Posted: 31 Jan 2006
Long Chen, Long Chen, Hui Guo and Lu Zhang
Cheung Kong Graduate School of BusinessLuohan Academy, University of Cincinnati - Department of Finance - Real Estate and Ohio State University - Fisher College of Business
Downloads 492 (73,877)
Citation 1

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Expected return, equity market volatility, systematic risk, yield spreads

17.

Understanding Big Data: Data Calculus in the Digital Era

Rotman School of Management Working Paper No. 3791018, Columbia Business School Research Paper Forthcoming
Number of pages: 86 Posted: 25 Feb 2021
Cheung Kong Graduate School of BusinessLuohan Academy, Columbia Business School - Department of Economics, Massachusetts Institute of Technology (MIT) - Department of Economics, Princeton University - Department of Economics, London School of Economics & Political Science (LSE), Stanford Graduate School of Business, International Monetary Fund (IMF), University of Southern California - Marshall School of Business, Princeton University - Department of Economics, University of Toronto - Rotman School of Management, Luohan Academy, Luohan Academy, Luohan Academy, Luohan Academy, Princeton University - Department of Economics and Bendheim Center for Finance and Ant Financial
Downloads 352 (109,074)
Citation 1

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big data, data economics, information economics, privacy, market competition

The Stock Market and Aggregate Employment

Number of pages: 40 Posted: 16 Jul 2009 Last Revised: 16 Sep 2009
Long Chen, Long Chen and Lu Zhang
Cheung Kong Graduate School of BusinessLuohan Academy and Ohio State University - Fisher College of Business
Downloads 328 (117,302)

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Time-varying risk premiums, payroll growth, unemployment rate, search and matching, time-to-build

The Stock Market and Aggregate Employment

Number of pages: 41 Posted: 18 Aug 2009 Last Revised: 02 Aug 2021
Long Chen, Long Chen and Lu Zhang
Cheung Kong Graduate School of BusinessLuohan Academy and Ohio State University - Fisher College of Business
Downloads 15 (710,305)

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19.

Return Predictability in Corporate Bond Market Along the Supply Chain

Journal of Financial Markets, June 2016, Vol 29, 66-86
Number of pages: 52 Posted: 21 Apr 2014 Last Revised: 04 Jan 2017
Long Chen, Long Chen, Gaiyan Zhang and Weina Zhang
Cheung Kong Graduate School of BusinessLuohan Academy, University of Missouri at St. Louis - College of Business Administration and Department of Finance, National University of Singapore
Downloads 197 (195,949)
Citation 3

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Corporate Bonds; Cash Flow; Credit Rating; Credit Risk; Earnings; Information; Supply Chain; Return Predictability

20.

What Moves Aggregate Investment?

Number of pages: 56 Posted: 01 Oct 2009 Last Revised: 18 Mar 2010
Long Chen, Long Chen, Zhi Da and Borja Larrain
Cheung Kong Graduate School of BusinessLuohan Academy, University of Notre Dame - Mendoza College of Business and Pontificia Universidad Catolica de Chile
Downloads 173 (219,685)
Citation 2

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aggregate investment, variance decomposition, q-theory, earnings shocks, cash flow news, discount rate news.

21.

What Moves Investment Growth?

Number of pages: 42 Posted: 18 Mar 2011
Long Chen, Long Chen, Zhi Da and Borja Larrain
Cheung Kong Graduate School of BusinessLuohan Academy, University of Notre Dame - Mendoza College of Business and Pontificia Universidad Catolica de Chile
Downloads 164 (229,880)
Citation 4

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aggregate investment, variance decomposition, q-theory, earnings shocks, cash flow news, discount rate news

22.

Do Time-Varying Risk Premiums Explain Labor Market Performance?

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 33 Posted: 25 Mar 2010
Long Chen, Long Chen and Lu Zhang
Cheung Kong Graduate School of BusinessLuohan Academy and Ohio State University - Fisher College of Business
Downloads 114 (304,812)
Citation 1

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Time-varying risk premiums, payroll growth, hiring rate, search and matching, time-to-build, time-to-plan

23.

The Data Privacy Paradox and Digital Demand

Number of pages: 55 Posted: 01 Jun 2021 Last Revised: 18 Nov 2021
Long Chen, Long Chen, Yadong Huang, Shumiao Ouyang and Wei Xiong
Cheung Kong Graduate School of BusinessLuohan Academy, Luohan Academy, Princeton University - Department of Economics and Bendheim Center for Finance and Princeton University - Department of Economics
Downloads 6 (756,306)
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