Long Chen

Associate Professor of Finance

Areas of Expertise:

Finance/Investments - Asset Pricing; Finance/Investments - Investment/Security Pricing/Portfolio Theory

Research interests:

Asset Pricing; Corporate Financing Decisions

Selected Publications:

• "Corporate Yield Spreads and Bond Liquidity," Journal of Finance, Issue 62, 119-149, with D. Lesmond, and J. Wei, 2007
• "The Expected Value Premium," Journal of Financial Economics, Issue 87, 269-280, with R. Petkova, and L. Zhang, 2008
• "Expected Returns, Yield Spreads, and Asset Pricing Tests," Review of Financial Studies, Issue 21(3), 1297-1338, with M. Campello, and L. Zhang, 2008
• "On the Relation Between the Credit Spread Puzzle and the Equity Premium Puzzle," Review of Financial Studies, with P. Collin-Dufresne, and R. Goldstein, Forthcoming
• "On the Reversal of Dividend and Return Predictability: A Tale of Two Periods," Journal of Financial Economics, Forthcoming
• "Return Decomposition," Review of Financial Studies, with S. Zhao, Forthcoming
• "Mechanical Mean Reversion of Leverage Ratios," Economic Letters, Issue 95, 223-229, with S. Zhao, 2007

Academic/professional activities:

Refereed papers for: Journal of Finance, Review of Journal of Financial and Quantitative Analysis, Multinational Finance Journal, Journal of Empirical Finance, Journal of Money, Credit, and Banking, Finance Research Letters, Financial Review, Oxford Bulletin of Economics and Statistics among others.
Member: American Finance Association; Western Finance Association

Awards/honors:

Excellence in Teaching Award, Michigan State University, 2003

Personal interests:

Professor Chen enjoys spending time with his family, reading books, travelling, playing soccer, and watching basketball.