Ph.D., Finance, 1997, University of Illinois at Urbana - Champaign
M.S., Industrial Economics, 1987, National Central University
B.S., Applied Mathematics, 1985, National Chiao Tung University
Associate Professor of Finance, University of Illinois at Chicago, 2006 - present
Visiting Associate Professor of Finance, Northwestern University, Fall 2005
Associate Professor of Finance, University of Illinois at Chicago, 2003 - 2005
Assistant Professor of Finance, University of Illinois at Chicago, 1997 - 2003
Research & Publications
Chen, Hsiu-lang, 2015, "Cross-Market Investor Sentiment in Commodity Exchange-Traded Funds," Credit and Capital Markets 48 (Lead Article), Issue 2, 171-20.6.
Chen, Hsiu-lang and Gilbert Bassett, 2014, "What Does ßSMB>0 Really Mean?" Journal of Financial Research 37, 543-552.
Chen, Hsiu-lang, Sheldon Gao, and Xiaoqing Hu, 2012, "Closing and cloning in open-end mutual funds," Journal of Banking and Finance 36, 1210-1223.
Chen, Hsiu-lang and George Pennacchi, 2009, "Does prior performance affect a mutual fund’s choice of risk? Theory and further empirical evidence," Journal of Financial and Quantitative Analysis 44 (Lead Article), 745-775.
Chan, Louis K. C., Hsiu-lang Chen, and Josef Lakonishok, 2002, "On mutual fund investment styles," Review of Financial Studies 15, 1407-1437.
Bassett, Gilbert and Hsiu-lang Chen, 2001, "Portfolio style: Return-based attribution using quantile regression," Empirical Economics 26, 293-305.
Chen, Hsiu-lang, Narasimhan Jegadeesh, and Russell Wermers, 2000, "The value of active mutual fund management: An examination of stockholdings and trades of fund managers," Journal of Financial and Quantitative Analysis 35, 343-368.
Awards & Affiliations
Chen, Hsiu-lang, 2009, Gradual Diffusion of Upstream and Downstream Earnings News—Implications for Stock Prices, awarded a ₤10,000 INQUIRE-UK (Institute for Quantitative Investment Research) grant
Chen, Hsiu-lang and Russell Wermers, 2003, Style Migration and Cross-Section of Average Stock Returns, awarded a ₤9,000 INQUIRE-UK grant
The paper "On Characteristics Momentum" was rewarded in the 7th annual academic competition at the 2000 Chicago Quantitative Alliance conference in Chicago
Beatrice Company Fellowship and Paul M. Van Arsdell Award for Excellence in Undergraduate Teaching, University of Illinois at Urbana -Champaign, 1995-1996
Master Thesis Scholarship, Institute of Securities Market Development (Taiwan), 1987