"Pledgeability and Asset Prices: Evidence from the Chinese Corporate Bond Markets."

Chen, Hui, Zhuo Chen, Zhiguo He, Jinyu Liu, and Rengming Xie. The Journal of Finance Vol. 78, No. 5 (2023): 2563-2620.

"The Debt-Equity Spread."

Chen, Hui, Zhiyao Chen, and Jun Li, MIT Sloan Working Paper 6526-21. Cambridge, MA: MIT Sloan School of Management, April 2023.

"Systematic Risk, Debt Maturity, and the Term Structure of Credit Spreads."

Chen, Hui, Yu Xu, and Jun Yang. Journal of Financial Economics Vol. 139, No. 3 (2021): 770-799. Download Paper.

"Houses as ATMs? Mortgage Refinancing and Macroeconomic Uncertainty."

Chen, Hui, Michael Michaux, and Nikolai Roussanov. Journal of Finance Vol. 75, No. 1 (2020): 323-375. Appendix. Download Paper.

"Demand for Crash Insurance, Intermediary Constraints, and Risk Premia in Financial Markets."

Chen, Hui, Scott Joslin, and Sophie Ni. Review of Financial Studies Vol. 32, No. 1 (2019): 228-265. Download Paper.

"Quantifying Liquidity and Default Risks of Corporate Bonds over the Business Cycle."

Chen, Hui, Rui Cui, Zhiguo He, and Konstantin Milbradt. Review of Financial Studies Vol. 31, No. 3 (2018): 852-897. Appendix. Download Paper.