Edinburgh Research Explorer

Wenxuan Hou

Personal Chair in Corporate Finance

  1. 2020
  2. Cyber risks and initial coin offerings: Evidence from the world

    An, J., Duan, T., Hou, W. & Liu, X., 24 Nov 2020, In : Finance Research Letters.

    Research output: Contribution to journalArticle

  3. Initial Coin Offerings: What rights do investors have?

    Zhao, X., Hou, W., An, J., Liu, X. & Zhang, Y., 20 Nov 2020, (Accepted/In press) In : The European Journal of Finance.

    Research output: Contribution to journalArticle

  4. County-level CO2 emissions and sequestration in China during 1997–2017

    Chen, J., Gao, M., Cheng, S., Hou, W., Song, M., Liu, X., Liu, Y. & Shan, Y., 12 Nov 2020, In : Scientific Data.

    Research output: Contribution to journalArticle

  5. Do bureaucratic checks improve firm value? Evidence from a natural experiment

    An, J., Armitage, S., Hou, W. & Liu, X., 28 Sep 2020, In : Accounting and Finance.

    Research output: Contribution to journalArticle

  6. A modified and improved method to measure economy-wide carbon rebound effects based on the PDA-MMI approach

    Li, D., Gao, M., Hou, W., Song, M. & Chen, J., 27 Aug 2020, In : Energy Policy. 147

    Research output: Contribution to journalArticle

  7. Law, endowment and inequality in access to finance

    Armitage, S., Hou, W., Liu, X. & Wang, C., 22 May 2020, In : Finance Research Letters.

    Research output: Contribution to journalArticle

  8. Shadow prices of industrial air pollutant emissions in China

    Wu, Y., Yu, J., Song, M., Chen, J. & Hou, W., 19 Feb 2020, In : Economic Modelling.

    Research output: Contribution to journalArticle

  9. The legacy of wars around the world: Evidence from military directors

    An, J., Duan, T., Hou, W. & Liu, X., 7 Jan 2020, In : Journal of International Financial Markets, Institutions & Money. 64, 26 p.

    Research output: Contribution to journalArticle

  10. 2019
  11. CEO international experience and foreign IPOs

    Duan, T., Hou, W. & Rees, W., 6 Dec 2019, In : Economic Modelling.

    Research output: Contribution to journalArticle

  12. The trend of the Gini coefficient of China (1978–2010)

    Chen, J., Pu, M. & Hou, W., 14 Oct 2019, In : Journal of Chinese Economic and Business Studies. 26 p.

    Research output: Contribution to journalArticle

  13. Does religion matter to informal finance? Evidence from trade credit in China

    Cao, C., Chan, K. C., Hou, W. & Jia, F., 3 Oct 2019, In : Regional Studies. 53, 10, p. 1410-1420

    Research output: Contribution to journalArticle

  14. Provincial official turnover and bank loans

    Cao, C., Dong, Y., Hou, W., Liu, Y. & Qian, X., Oct 2019, In : Pacific-Basin Finance Journal. 57, 101202.

    Research output: Contribution to journalArticle

  15. China's rule of law in new era: The rise of regulation and formalism

    An, J., Hou, W. & Zhang, Y., 30 Sep 2019, In : Journal of Chinese Economic and Business Studies. 17, 3, p. 313-318 6 p.

    Research output: Contribution to journalArticle

  16. China's path to the new era

    Hou, W., 26 Sep 2019, (Accepted/In press) In : Journal of Chinese Economic and Business Studies. 2 p.

    Research output: Contribution to journalEditorial

  17. Determinants of changes in electricity generation intensity among different power sectors

    Cheng, S., Wu, Y., Chen, H., Chen, J., Song, M. & Hou, W., Jul 2019, In : Energy Policy. 130, p. 389-408

    Research output: Contribution to journalArticle

  18. Athletes in boardrooms: Evidence from the world

    Dong, Y., Duan, T., Hou, W. & Liu, L., 30 Mar 2019, In : Journal of International Financial Markets, Institutions & Money. 59, p. 165-183 48 p.

    Research output: Contribution to journalArticle

  19. Initial coin offerings and entrepreneurial finance: The role of founders’ characteristics

    An, J., Duan, T., Hou, W. & Xu, X., 5 Mar 2019, In : Journal of Alternative Investments. 21, 3

    Research output: Contribution to journalArticle

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

    Fargher, N., Hou, W. & Zhang, Z., 28 Feb 2019, In : Auditing, A Journal of Practice and Theory. 38, 1, p. 149-169

    Research output: Contribution to journalArticle

  21. Chinese capital markets: Challenges to the China Model

    Cumming, D., Guariglia, A., Hou, W. & Wu, Z., 7 Feb 2019, In : The European Journal of Finance. 25, 6, p. 460-464

    Research output: Contribution to journalEditorial

  22. Do board secretaries influence management earnings forecasts?

    Xing, L., Duan, T. & Hou, W., Jan 2019, In : Journal of Business Ethics. 154, 2, p. 537-574

    Research output: Contribution to journalArticle

  23. 2018
  24. Chinese capital markets: The importance of history for modern development

    Guariglia, A., Hou, W., Hua, X. & Huang, Y., 2 Nov 2018, In : The European Journal of Finance. 24, 16, p. 1369-1374

    Research output: Contribution to journalEditorial

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

    Lu, R., Hou, W., Oppenheimer, H. R. & Zhang, T. J., Sep 2018, In : Journal of Business Ethics. 151, 3, p. 761-783

    Research output: Contribution to journalArticle

  26. Determinants of global natural gas consumption and import–export flows

    Chen, J., Yu, J., Ai, B., Song, M. & Hou, W., 12 Jul 2018, In : Energy Economics.

    Research output: Contribution to journalArticle

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

    Ding, R., Hou, W., Liu, Y. & Zhang, Z., Jul 2018, In : Journal of International Financial Markets, Institutions & Money. 55, p. 112-133

    Research output: Contribution to journalArticle

  28. The burden of attention: CEO publicity and tax avoidance

    Duan, T., Ding, R., Hou, W. & Zhang, Z., 30 Jun 2018, In : Journal of Business Research. 87, p. 90-101 12 p.

    Research output: Contribution to journalArticle

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

    Yang, T., Hou, W. & Li, P., Jun 2018, In : Finance Research Letters. 25, p. 177-182

    Research output: Contribution to journalArticle

  30. Does feedback trading drive returns of cross-listed shares?

    Chen, M., Dong, Y., Hou, W. & McMillan, D., 30 Mar 2018, In : Journal of International Financial Markets, Institutions & Money. 53, p. 179-199

    Research output: Contribution to journalArticle

  31. 2017
  32. The end of imagination? Understanding new developments in microfinance

    Cumming, D., Dong, Y., Hou, W. & Sen, B., 18 Oct 2017, Microfinance for Entrepreneurial Development: Sustainability and Inclusion in Emerging Markets. Cumming, D., Dong, Y., Hou, W. & Sen, B. (eds.). Springer International Publishing, p. 1-22 22 p.

    Research output: Chapter in Book/Report/Conference proceedingChapter

  33. Regional institutions, financial analysts and stock price informativeness

    Ding, R., Hou, W., Kuo, J-M. & Lee, E., 5 Oct 2017, In : Regional Studies. p. 1-10

    Research output: Contribution to journalArticle

  34. Chinese capital markets: Institutional reforms and growing global links

    Cumming, D., Guariglia, A., Hou, W. & Lee, E., 25 Jul 2017, In : The European Journal of Finance. 23, 7-9

    Research output: Contribution to journalEditorial

  35. Corporate Governance Challenges in Rmerging Economies

    Armitage, S. (ed.), Hou, W. (ed.), Sarkar, S. (ed.) & Talaulicar, T. (ed.), 9 May 2017, In : Corporate Governance. 25, 3

    Research output: Contribution to journalSpecial issue

  36. Editorial: Corporate governance challenges in emerging economies

    Armitage, S., Hou, W., Sarkar, S. & Talaulicar, T., 9 May 2017, In : Corporate Governance. 25, 3, p. 148-154 7 p.

    Research output: Contribution to journalEditorial

  37. Corporate governance challenges in emerging economies

    Armitage, S., Hou, W., Sarkar, S. & Talaulicar, T., May 2017, In : Corporate Governance. 25, 3, p. 148-154 7 p.

    Research output: Contribution to journalEditorial

  38. Microfinance for Entrepreneurial Development: Sustainability and Inclusion in Emerging Markets

    Cumming, D., Dong, Y., Hou, W. & Sen, B., 2017, Palgrave Macmillian. 224 p.

    Research output: Book/ReportBook

  39. 2016
  40. Pay performance sensitivity and risk-taking behaviors: Evidence from closed-end funds

    Yang, T. & Hou, W., Dec 2016, In : Emerging Markets Review. p. 274-288

    Research output: Contribution to journalArticle

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

    Cumming, D., Hou, W. & Lee, E., Nov 2016, In : Journal of Business Ethics. p. 1-26

    Research output: Contribution to journalArticle

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

    Chen, J., Cumming, D., Hou, W. & Lee, E., Nov 2016, In : Journal of Business Ethics. 138, 4, p. 787-806

    Research output: Contribution to journalArticle

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

    Chen, J., Ding, R., Hou, W. & Johan, S., Sep 2016, In : Abacus. 52, 3, p. 473-500

    Research output: Contribution to journalArticle

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

    Dong, Y., Firth, M., Hou, W. & Yang, W., Jul 2016, In : European Journal of Operational Research. 252, 1, p. 280-295

    Research output: Contribution to journalArticle

  45. Systematic risk, government policy intervention, and dynamic contrarian investments

    Liu, J., Hou, W., Tao, Q. & Zhang, T. J., May 2016, In : International Review of Economics and Finance. 43, p. 334-343

    Research output: Contribution to journalArticle

  46. Venture capital trusts and the expiration of IPO lockup provisions

    Yang, T. & Hou, W., 6 Apr 2016, In : The European Journal of Finance.

    Research output: Contribution to journalArticle

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

    Cumming, D., Hou, W. & Lee, E., Apr 2016, In : Journal of Business Ethics.

    Research output: Contribution to journalArticle

  48. Family business development in mainland China 1872–1949

    McWatters, C. S., Chen, Q., Ding, S., Hou, W. & Wu, Z., 17 Jan 2016, In : Business History. 58, 3, p. 408-432

    Research output: Contribution to journalArticle

  49. Introduction

    Cumming, D., Firth, M., Hou, W. & Lee, E., 12 Jan 2016, Developments in Chinese Entrepreneurship: Key Issues and Challenges. Cumming, D., Firth, M., Hou, W. & Lee, E. (eds.). Palgrave Macmillan, p. xi-xv

    Research output: Chapter in Book/Report/Conference proceedingForeword/postscript

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

    Ding, R., Hou, W., Liu, Y. & Zhang, J., 2016.

    Research output: Contribution to conferencePaper

  51. Chinese style capitalism: Current development and future implications

    Cumming, D., Guariglia, A., Hou, W. & Lee, E., 2016, In : European Journal of Finance. 22, 4-6, p. 255-258 4 p.

    Research output: Contribution to journalEditorial

  52. 2015
  53. Introduction: Special Issue: History and Evolution of Entrepreneurship and Finance in China

    Cumming, D., Guariglia, A., Hou, W. & Lee, E., 17 Dec 2015, In : Business History. 58, 3, p. 317-318

    Research output: Contribution to journalArticle

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

    Cumming, D., Hou, W. & Wu, E., 25 Sep 2015, In : The European Journal of Finance. p. 1-37 37 p.

    Research output: Contribution to journalArticle

  55. Effects of heterogeneity on measuring efficiency scores: The case of China's banking sector

    Dong, Y., Cumming, D., Guariglia, A., Hou, W. & Lee, E., 28 Jul 2015, Experiences and Challenges in the Development of the Chinese Capital Market. Cumming, D., Guariglia, A., Hou, W. & Lee, E. (eds.). Palgrave Macmillan, p. 37-67 31 p.

    Research output: Chapter in Book/Report/Conference proceedingChapter

  56. Introduction to current issues and development of the Chinese capital market

    Cumming, D., Guariglia, A., Hou, W. & Lee, E., 28 Jul 2015, Experiences and Challenges in the Development of the Chinese Capital Market. Cumming, D., Guariglia, A., Hou, W. & Lee, E. (eds.). Palgrave Macmillan, p. 1-3 3 p.

    Research output: Chapter in Book/Report/Conference proceedingForeword/postscript

  57. Media coverage and stock returns: Evidence from Chinese cross-listed firms

    Wang, C., Ding, R., Hou, W. & Lee, E., 28 Jul 2015, Experiences and Challenges in the Development of the Chinese Capital Market. Cumming, D., Guariglia, A., Hou, W. & Lee, E. (eds.). Palgrave Macmillan, p. 171-196 26 p.

    Research output: Chapter in Book/Report/Conference proceedingChapter

  58. The value of political networks: Evidence from a natural experiment

    Duan, T., Li, N. & Hou, W., 28 Jul 2015, Experiences and Challenges in the Development of the Chinese Capital Market. Cumming, D., Guariglia, A., Hou, W. & Lee, E. (eds.). Palgrave Macmillan, p. 130-149 20 p.

    Research output: Chapter in Book/Report/Conference proceedingChapter

  59. The split-share-structure reform in China: Past, procedure, and impact

    Yang, Z., Hou, W. & Qian, X., 15 Jul 2015, Sustainable Entrepreneurship in China: Ethics, Corporate Governance, and Institutional Reforms. Cumming, D., Firth, M., Hou, W. & Lee, E. (eds.). Palgrave Macmillan, p. 159-178 20 p.

    Research output: Chapter in Book/Report/Conference proceedingChapter

  60. Retail Investor Attention and Stock Liquidity

    Ding, R. & Hou, W., Jul 2015, In : Journal of International Financial Markets, Institutions & Money. 37, p. 12-26

    Research output: Contribution to journalArticle

  61. Developments in Chinese Entrepreneurship: Key Issues and Challenges

    Cumming, D. (ed.), Firth, M. (ed.), Hou, W. (ed.) & Lee, E. (ed.), 17 Jun 2015, 1 ed. Palgrave Macmillan. 211 p.

    Research output: Book/ReportBook

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

    Luo, D., Dong, Y., Armitage, S. & Hou, W., 30 Jan 2015, In : The European Journal of Finance.

    Research output: Contribution to journalArticle

  63. Introduction

    Cumming, D., Firth, M., Hou, W. & Lee, E., 1 Jan 2015, Sustainable Entrepreneurship in China: Ethics, Corporate Governance, and Institutional Reforms. Cumming, D., Firth, M., Hou, W. & Lee, E. (eds.). Palgrave Macmillan, p. xi-xiv

    Research output: Chapter in Book/Report/Conference proceedingForeword/postscript

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

    Chen, J., Fang, F., Hou, W., Li, F., Pu, M. & Song, M., 2015, In : Journal of Applied Mathematics. 2015, 16 p., 939020.

    Research output: Contribution to journalArticle

  65. Effects of heterogeneity on measuring efficiency scores: The case of China’s banking sector

    Dong, Y., Cumming, D., Guariglia, A. & Hou, W., 2015, Experiences and Challenges in the Development of the Chinese Capital Market. Cumming, D., Guariglia, A., Hou, W. & Lee, E. (eds.). Palgrave Macmillan, p. 37-67 31 p.

    Research output: Chapter in Book/Report/Conference proceedingChapter

  66. Experiences and Challenges in the Development of the Chinese Capital Market

    Cumming, D., Guariglia, A., Hou, W. & Lee, E., 2015, Palgrave Macmillian.

    Research output: Book/ReportBook

  67. Sustainable Entrepreneurship in China

    Cumming, D., Firth, M., Hou, W. & Lee, E., 2015, Palgrave Macmillan.

    Research output: Book/ReportBook

  68. The Role of Returnees in Business: A Review

    Wang, H., Duan, T., Hou, W. & Liu, X., 2015, Entrepreneur and Talent Management from a Global Perspective. Edward Elgar Publishing

    Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)

  69. 2014
  70. Does Mutual Fund Ownership Affect Financial Reporting Quality for Chinese Privately-Owned Enterprises?

    Chan, A. L-C., Ding, R. & Hou, W., Dec 2014, In : International Review of Financial Analysis. 36, p. 131-140

    Research output: Contribution to journalArticle

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

    Dong, Y., Meng, C., Firth, M. & Hou, W., Dec 2014, In : International Review of Financial Analysis. 36, p. 120-130

    Research output: Contribution to journalArticle

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

    Cumming, D., Guariglia, A., Hou, W., Lee, E. & Newman, A., Sep 2014, In : International Small Business Journal. 32, 6, p. 603-609

    Research output: Contribution to journalArticle

  73. Special issue on corporate governance and entrepreneurial finance in China

    Cumming, D., Hou, W., Lee, E. & Wu, Z., 1 Jan 2014, In : International Review of Financial Analysis. 36, C, p. 95-96 2 p.

    Research output: Contribution to journalEditorial

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

    Chen, J., Cumming, D., Hou, W. & Lee, E., 2014, In : Journal of Business Ethics.

    Research output: Contribution to journalArticle

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

    Ding, S., Hou, W., Li, W., Wilson, C. & Wu, Z., 2014, In : Corporate Governance. 22, 2, p. 132-144

    Research output: Contribution to journalArticle

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

    Cumming, D., Hou, W. & Wu, E., 2014, In : The European Journal of Finance.

    Research output: Contribution to journalArticle

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

    Cumming, D., Guariglia, A., Hou, W. & Lee, E., 2014, In : The European Journal of Finance. 20, 595-598.

    Research output: Contribution to journalEditorial

  78. 2013
  79. Executive Integrity, Audit Opinion, and Fraud in Chinese Listed Firms

    Chen, J., Cumming, D., Hou, W. & Lee, E., Jun 2013, In : Emerging Markets Review. 15, p. 72-91 20 p.

    Research output: Contribution to journalArticle

  80. Media coverage and foreign share discount puzzle in China

    Cumming, D., Dixon, R., Hou, W. & Lee, E., Feb 2013, In : European Journal of Finance.

    Research output: Contribution to journalArticle

  81. The role of mutual funds in deterring corporate fraud in China

    Hou, W., Lee, E. & Stathopoulos, K., 1 Jan 2013, Entrepreneurship, Finance, Governance and Ethics. Springer Netherlands, p. 343-361 19 p.

    Research output: Chapter in Book/Report/Conference proceedingChapter

  82. Developing China's Capital Market

    Cumming, D. (ed.), Guariglia, A. (ed.), Hou, W. (ed.) & Lee, E. (ed.), 2013, Palgrave Macmillan.

    Research output: Book/ReportBook

  83. Executive Compensation and the Split Share Structure Reform in China

    Hou, W., Lee, E., Stathopoulos, K. & Tong, Z., 2013, In : The European Journal of Finance.

    Research output: Contribution to journalArticle

  84. Fund Ownership and Stock Price Informativeness of Chinese Listed Firms

    Ding, R., Hou, W., Kuo, J-M. & Lee, E., 2013, In : Journal of Multinational Financial Management. 23, 3, p. 166-185

    Research output: Contribution to journalArticle

  85. Impact of Foreign Bank Entry on the Performance of Chinese Banks

    Dong, Y., Guariglia, A. & Hou, W., 2013, Developing China's Capital Market. Cumming, D., Guariglia, A., Hou, W. & Lee, E. (eds.). Palgrave Macmillan

    Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)

  86. Independent directors and corporate performance in China

    Jiao, H., Dong, Y., Hou, W. & Lee, E., 2013, Developing China's Capital Market. Cumming, D., Guariglia, A., Hou, W. & Lee, E. (eds.). Palgrave Macmillan

    Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)

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

    Cumming, D., Guariglia, A., Hou, W. & Lee, E., 2013, Developing China's Capital Market. Cumming, D., Guariglia, A., Hou, W. & Lee, E. (eds.). Palgrave Macmillan

    Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)

  88. 2012
  89. The Impact of State Ownership on Share Price Informativeness: The Case of the Split Share Structure Reform in China

    Hou, W., Kuo, J. & Lee, E., Dec 2012, In : British Accounting Review. 44, 4, p. 248-261

    Research output: Contribution to journalArticle

  90. Experiences and challenges in the development of Chinese capital market

    Cumming, D., Guariglia, A., Hou, W. & Lee, E., 2012, In : European Journal of Finance.

    Research output: Contribution to journalEditorial

  91. Fund Ownership and the Corporate Fraud in China

    Hou, W., Lee, E. & Stathopoulos, K., 2012, Entrepreneurship, Governance and Ethics. Cumming, D., Mallin, C. & Cressy, R. (eds.). Springer

    Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)

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

    Hou, W. & Moore, G., 2012, Entrepreneurship, Finance, Governance and Ethics. Cumming, D., Cressy, R. & Mallin, C. (eds.). Springer

    Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)

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

    Hou, W. & Lee, E., 2012, In : European Journal of Finance. n/a, p. 1-25

    Research output: Contribution to journalArticle

  94. Trading constraints and illiquidity discounts

    Hou, W. & Howell, S., 2012, In : The European Journal of Finance. 18, 1, p. 1-27 27 p.

    Research output: Contribution to journalArticle

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

    Cumming, D. & Hou, W., 2012, In : European Journal of Finance. p. 1-25 42 p.

    Research output: Contribution to journalArticle

  96. 2010
  97. Player and Referee Roles Held Jointly: The Effect of State Ownership on China's Regulatory Enforcement Against Fraud

    Hou, W. & Moore, G., Sep 2010, In : Journal of Business Ethics. 95, 2 Supplement, p. 317-335 19 p.

    Research output: Contribution to journalArticle