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Staff profile

Professor Wenxuan Hou

PhD

Picture of Wenxuan Hou

Personal Chair in Corporate Finance

Email: V2VueHVhbi5Ib3VAZWQuYWMudWs=
Phone: +44(0)131 6515319
Room: 2.29


Profile

Roles and responsibilities

  • Co-organiser of Seminar Series 
  • Course Leader for Corporate Governance (MSc) and Business Finance (MBA) 
  • Director of China Development and Research Centre
  • President-elect of China Economic Association (UK/Europe)
  • Section Editor: Journal of International Financial Markets, Institutions & Money
  • Associate Editor: European Journal of Finance; Finance Research Letters
  • Guest Editor: Abacus, Corporate Governance: An International Review and Journal of Business Ethics

Background

Wenxuan Hou (Wen) is Chair in Corporate Finance at the University of Edinburgh Business School. He received his PhD from Manchester Business School and pursued executive education at Kellogg School of Management. He was at Durham University as a Lecturer (Assistant Professor) and then Senior Lecturer (Associate Professor) until he joined Edinburgh in 2012.

Wen is elected as a Young Academy Member of the Royal Society of Edinburgh (Scotland's national academy), the president-elect of China Economic Association (UK/Europe), a Board Director of Asian Finance Association and a Senior Fellow of China Centre for Globalization. Wen has served as an Associate Editor or Guest Editor of European Journal of Finance, Finance Research Letters, AbacusCorporate Governance: An International Review, International Small Business Journal, Pacific-Basin Finance Journal and Journal of Business Ethics. He co-organized a number of international conferences with leading academic journals on the themes of a) Chinese capital markets, b) ethical and sustainable entrepreneurship, c) legal institutions and finance, d) corporate governance in emerging countries, e) microfinance, f) green finance and e) financial technology. 

Research interest terms

  • Corporate finance

Research interests

His research interests cover corporate finance and governance, business ethics and financial markets. He has published around 40 articles in FT45, ABS-4*/3* and ABDC-A*/A journals, five books with Palgrave Macmillan and 12 book chapters, including publications in European Journal of Operation Research, Journal of Business Ethics, Business History, Abacus, Auditing: A Journal of Practice & Theory, British Accounting Review, Corporate Governance: An International Review, European Journal of Finance, Finance Research Letters, International Review of Financial Analysis, Journal of Business ResearchJournal of International Financial Market, Institutions & Money and Regional Studies among others.

Wen has taught a range of courses including Corporate Governance (MSc and executive), Corporate Finance (UG), Advanced Finance Theory (MSc) and Business Finance (MBA), and received multiple Best Teaching Awards. Wen is regularly featured in media including People's Daily, Xinhua News, Beijing Evening News and Yangtse Evening News. 

Group membership

PhD Supervision

Wenxuan is supervising 3 PhD students

Website

http://www.wenxuanhou.com


Publications

Short-run price performance of venture capital trust in initial public offerings

Yang, Hou and Li. (2018) Finance Research Letters 25. 177-182.
Contribution to journal: Article

Media censorship and stock price: Evidence from the foreign share discount in China

Ding, Hou, Liu and Zhang. (2018) Journal of International Financial Markets, Institutions, and Money.
Contribution to journal: Article

The burden of attention: CEO publicity and tax avoidance

Duan, Ding, Hou and Zhang. (2018) Journal of Business Research 87. 90-101.
Contribution to journal: Article

Do banks audited by specialists engage in less real activities management?: Evidence from repurchase agreements

Zhang, Fargher and Hou. (2018) Auditing, A Journal of Practice and Theory.
Contribution to journal: Article

The end of imagination?: Understanding new developments in microfinance

Cumming, Dong, Hou and Sen. (2017).
Chapter in Book/Report/Conference proceeding: Chapter (peer-reviewed)

Regional institutions, financial analysts and stock price informativeness

Ding, Hou, Kuo and Lee. (2017) Regional Studies. 1-10.
Contribution to journal: Article

Does feedback trading drive returns of cross-listed shares

Chen, Dong, Hou and McMillan. (2017) Journal of International Financial Markets, Institutions, and Money.
Contribution to journal: Article

Chinese capital markets: Institutional reforms and growing global links

Cumming, Guariglia, Hou and Lee. (2017) The European Journal of Finance.
Contribution to journal: Editorial

Corporate governance challenges in emerging economies

Armitage, Hou, Sarkar and Talaulicar. (2017) Corporate Governance: an International Review 25 (3). 148-154.
Contribution to journal: Special issue

Do board secretaries influence management earnings forecasts?

Xing, Duan and Hou. (2017) Journal of Business Ethics. 1-38.
Contribution to journal: Article
View / download (open access)

Microfinance for Entrepreneurial Development: Sustainability and Inclusion in Emerging Markets

Cumming, Dong, Hou and Sen. (2017).
Book/Report: Book

Pay performance sensitivity and risk-taking behaviors: Evidence from closed-end funds

Yang and Hou. (2016) Emerging Markets Review. 274-288.
Contribution to journal: Article

Business ethics and finance in Greater China: Synthesis and future directions in sustainability, CSR, and fraud

Cumming, Hou and Lee. (2016) Journal of Business Ethics. 1-26.
Contribution to journal: Article
View / download (open access)

Do financial analysts perform a monitoring role in China? Evidence from modified audit opinions

Chen, Ding, Hou and Johan. (2016) Abacus 52 (3). 473-500.
Contribution to journal: Article

The integrity of financial analysts: Evidence from asymmetric responses to earnings surprises

Lu, Hou, Oppenheimer and Zhang. (2016) Journal of Business Ethics.
Contribution to journal: Article
View / download (open access)

Systematic risk, government policy intervention, and dynamic contrarian investments

Liu, Tao, Hou and Zhang. (2016) International Review of Economics and Finance 43. 334-343.
Contribution to journal: Article
View / download (open access)

Venture capital trusts and the expiration of IPO lockup provisions

Yang and Hou. (2016) The European Journal of Finance.
Contribution to journal: Article

Sustainable and Ethical Entrepreneurship, Corporate Finance and Governance, and Institutional Reform in China

Cumming, Hou and Lee. (2016) Journal of Business Ethics.
Contribution to journal: Article

Family business development in mainland China 1872–1949

McWatters, Chen, Ding, Hou and Wu. (2016) Business History 58 (3). 408-432.
Contribution to journal: Article
View / download (open access)

A new resolution of the China foreign share discount puzzle: Media control and news perception

Ding, Hou, Liu and Zhang. (2016).
Contribution to conference: Paper

Evaluating the performance of Chinese commercial banks: A comparative analysis of different types of banks

Dong, Firth, Hou and Yang. (2015) European Journal of Operational Research.
Contribution to journal: Article
View / download (open access)

Introduction: Special Issue: History and Evolution of Entrepreneurship and Finance in China

Cumming, Guariglia, Hou and Lee. (2015) Business History 58 (3). 317-318.
Contribution to journal: Article
View / download (open access)

Exchange trading rules, governance, and trading location of cross-listed stocks

Cumming, Hou and Wu. (2015) The European Journal of Finance. 1-37.
Contribution to journal: Article

Retail Investor Attention and Stock Liquidity

Ding and Hou. (2015) Journal of International Financial Markets, Institutions, and Money 37. 12-26.
Contribution to journal: Article
View / download (open access)

The Impact of Foreign Bank Penetration on the Domestic Banking Sector: New Evidence from China

Luo, Dong, Armitage and Hou. (2015) The European Journal of Finance.
Contribution to journal: Article
View / download (open access)

Chinese Gini Coefficient from 2005 to 2012, Based on 20 Grouped Income Data Sets of Urban and Rural Residents

Chen, Fang, Hou, Li, Pu and Song. (2015) Journal of Applied Mathematics 2015.
Contribution to journal: Article
View / download (open access)

Experiences and Challenges in the Development of the Chinese Capital Market

Cumming, Guariglia, Hou and Lee. (2015).
Book/Report: Book

The Role of Returnees in Business: A Review

Wang, Duan, Hou and Liu. (2015).
Chapter in Book/Report/Conference proceeding: Chapter (peer-reviewed)
View / download (open access)

Developments in Chinese Entrepreneurship

Cumming, Firth, Hou and Lee. (2015).
Book/Report: Book

Sustainable Entrepreneurship in China

Cumming, Firth, Hou and Lee. (2015).
Book/Report: Book

Does Mutual Fund Ownership Affect Financial Reporting Quality for Chinese Privately-Owned Enterprises?

Chan, Ding and Hou. (2014) International Review of Financial Analysis 36. 131-140.
Contribution to journal: Article
View / download (open access)

Ownership structure and risk taking: Comparative evidence from private and state controlled banks in China

Dong, Meng, Firth and Hou. (2014) International Review of Financial Analysis. 120-130.
Contribution to journal: Article
View / download (open access)

CEO accountability for corporate fraud: Evidence from the Split Share Structure Reform in China

Chen, Cumming, Hou and Lee. (2014) Journal of Business Ethics.
Contribution to journal: Article
View / download (open access)

Introduction: Exploring entrepreneurial activity and small business issues in the Chinese economy

Cumming, D., Guariglia, A., Hou, W., Lee, E. and Newman, A. (2014) International Small Business Journal 32 (6). 603-609.
Contribution to journal: Article

The experiences and challenges in the development of the Chinese capital market

Cumming, Guariglia, Hou and Lee. (2014) The European Journal of Finance 20.
Contribution to journal: Editorial

Family Control, Regulatory Environment, and the Growth of Entrepreneurial Firms: International Evidence

Chen, Hou, Li, Wilson and Wu. (2014) Corporate Governance: an International Review 22 (2). 132-144.
Contribution to journal: Article

Does the external monitoring effect of financial analysts deter corporate fraud in China?

Chen, Cumming, Hou and Lee. (2014) Journal of Business Ethics.
Contribution to journal: Article
View / download (open access)

The Value of Home-country Governance for Cross-listed Stocks

Cumming, Hou and Wu. (2014) The European Journal of Finance.
Contribution to journal: Article
View / download (open access)

Executive Integrity, Audit Opinion, and Fraud in Chinese Listed Firms

Chen, Cumming, Hou and Lee. (2013) Emerging Markets Review 15. 72-91.
Contribution to journal: Article
View / download (open access)

Media coverage and foreign share discount puzzle in China

Cumming, Dixon, Hou and Lee. (2013) The European Journal of Finance.
Contribution to journal: Article
View / download (open access)

Impact of Foreign Bank Entry on the Performance of Chinese Banks

Dong, Guariglia and Hou. (2013).
Chapter in Book/Report/Conference proceeding: Chapter (peer-reviewed)

Developing China's Capital Market

Cumming, Guariglia, Hou and Lee. (2013).
Book/Report: Book

Introduction to the experiences and challenges in the development of the Chinese capital market

Cumming, Guariglia, Hou and Lee. (2013).
Chapter in Book/Report/Conference proceeding: Chapter (peer-reviewed)

Independent directors and corporate performance in China

Jiao, Dong, Hou and Lee. (2013).
Chapter in Book/Report/Conference proceeding: Chapter (peer-reviewed)

Executive Compensation and the Split Share Structure Reform in China

Hou, Lee, Stathopoulos and Tong. (2013) The European Journal of Finance.
Contribution to journal: Article
View / download (open access)

Fund Ownership and Stock Price Informativeness of Chinese Listed Firms

Ding, Hou, Kuo and Lee. (2013) Journal of Multinational Financial Management 23 (3). 166-185.
Contribution to journal: Article
View / download (open access)

The Impact of State Ownership on Share Price Informativeness: The Case of the Split Share Structure Reform in China

Hou, Kuo and Lee. (2012) British Accounting Review 44 (4). 248-261.
Contribution to journal: Article
View / download (open access)

Player and Referee Roles Held Jointly: the Effect of State Ownership on China’s Regulatory Enforcement against Fraud

Hou and Moore. (2012).
Chapter in Book/Report/Conference proceeding: Chapter (peer-reviewed)

Trading constraints and illiquidity discounts

Hou and Howell. (2012) The European Journal of Finance 18 (1). 1-27.
Contribution to journal: Article
View / download (open access)

Split Share Structure Reform, corporate governance, and the foreign share discount puzzle in China

Hou and Lee. (2012) The European Journal of Finance n/a. 1-25.
Contribution to journal: Article
View / download (open access)

Fund Ownership and the Corporate Fraud in China

Hou, Lee and Stathopoulos. (2012).
Chapter in Book/Report/Conference proceeding: Chapter (peer-reviewed)

Experiences and challenges in the development of Chinese capital market

Cumming, Guariglia, Hou and Lee. (2012) The European Journal of Finance.
Contribution to journal: Editorial

Valuation of Restricted Shares by Conflicting Shareholders in the Split Share Structure Reform

Cumming and Hou. (2012) The European Journal of Finance. 1-25.
Contribution to journal: Article

Player and Referee Roles Held Jointly: The Effect of State Ownership on China's Regulatory Enforcement Against Fraud

Hou and Moore. (2010) Journal of Business Ethics 95 (2 Supplement). 317-335.
Contribution to journal: Article
View / download (open access)