Guojun Wu


Guojun Wu


Dr. Guojun Wu is a professor of finance at the University of Houston Bauer College of Business Administration. He received his PhD in Finance from Stanford University Graduate School of Business. Prior to coming to Houston, he was a faculty member at University of Michigan Ross School of Business and a senior visiting fellow at the Shanghai Stock Exchange. He has published many research papers in professional finance journals. His fields of specialization are empirical asset pricing and investment strategy. His earlier research work focuses on asymmetric volatility and the measure of risk in financial markets. His research on market manipulation and fraud established him as a renowned expert in this area. More recently he has been working on the behavior of investors and investment strategies of institutional investors. Dr. Wu's expertise is often sought after by regulators, stock exchanges, investment banks, and investment management companies.

Dr. Wu is a highly rated and popular teacher of finance courses. He has over ten years of experience in teaching numerous PhDs, Executive MBAs, MBAs and undergraduate business students and at various executive education programs in the U.S. and in Asia.

Research Interests

  • Investor Behavior and Investment Strategy

Areas of Expertise

  • Empirical Asset Pricing and Corporate Finance
  • Investor Behavior and Investment Strategy
  • Market Manipulation


  • "Asymmetric Volatility and Risk in Equity Markets," 2000, (with Geert Bekaert), Review of Financial Studies, 13 (1), 1-42.
  • "The Determinants of Asymmetric Volatility," 2001, Review of Financial Studies, 14, 837-859.
  • "An Analysis of Risk Measures", 2002, (with Zhijie Xiao), Journal of Risk, 4 (4), 53-75.
  • "A Generalized Partially Linear Model of Asymmetric Volatility", 2002, (with Zhijie Xiao), Journal of Empirical Finance, 9(3), 287-319.
  • "Time-Varying Informed and Uninformed Trading Activities", 2005, (with Qin Lei), Journal of Financial Markets, 8, 153-181.
  • "Stock Market Manipulations", 2006, (with Rajesh Aggarwal), Journal of Business, 79 (4), 1915-1953. First place winner of the best paper award – 2004 China International Conference in Finance (Shanghai), July 8-10, 2004.
  • "How Important Is Intertemporal Risk for Asset Allocation?," 2006, (with Bruno Gerard), Journal of Business, 79 (4), 2203-2241.
  • "Financial Constraints Risk", 2006, (with Toni Whited), Review of Financial Studies, 19, 531-559.
  • "An Analysis of Risk for Defaultable Bond Portfolios," 2007, (with Hongtao Guo and Zhijie Xiao), Journal of Risk Finance, 8, 166-185.
  • "Predictable Behavior, Profits, and Attention" 2007, (with Mark Seasholes), Journal of Empirical Finance, 14, 590–610.
  • "Are There Speculative Bubbles in Stock Markets? Evidence from an Alternative Approach" 2008, (with Zhijie Xiao), Statistics and Its Interface, 307–320.
  • "Does Asymmetric Information Drive Capital Structure Decisions?" 2009, (with Sreedhar Bharath and Paolo Pasquariello), Review of Financial Studies, 22, 3211-3243.

Academic Associations & Editorial Boards

  • American Finance Association
  • Western Finance Association

Contact Info

MH 220F
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  • Investments (and Trading Strategies)
  • Corporate Finance
  • Empirical Methods in Financial Research


PhD, Stanford University
MA, Ohio University
BS, Shanghai Jiaotong University