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Faculty | Hong Liu | WashU Olin Business School
Hong Liu

Fossett Distinguished Professor of Finance and Director of the Master's in Finance Program


Area of Expertise:

Asset Pricing, Financial Economics, Option Pricing

Research Interests:

Optimal consumption and investment with frictions, asset pricing, market microstructure


Selected Publications:

  • "So What Orders Do Informed Traders Use?", Journal of Business, 1867-1913, with R. Kaniel, 2006
  • "Optimal Consumption & Investment with Transaction Costs & Multiple Risky Assets", Journal of Finance, Issue 59, 289-338, 2004
  • "Optimal Portfolio Selection with Transaction Costs and Finite Horizons", Review of Financial Studies, 805-835, with M. Loewenstein, 2002
  • "Optimal Consumption of a Divisible Durable Good", Journal of Economic Dynamics & Control, 561-613, with D. Cuoco, 2000
  • "A Martingale Characterization of Consumption Choices & Hedging Costs with Margin Requirement", Mathematical Finance, 355-385, with D. Cuoco, 2000



Academic/Professional Activities:

  • Referee, American Economic Review, Journal of Economic Theory, Journal of Finance, Journal of Financial Economics, and Review of Financial Studies among others.
  • Member, American Finance Association; Society of Financial Studies; Western Finance Association
  • Committee Member, Western Finance Association Conference


Awards/Honors:

  • Marcile & James Reid Chair, Washington University, Olin School of Business, 2004
  • Prize in Investment Research, Geewax, Terker & Company, 1998
  • Lawrence Robbins Prize in Economics, University of Pennsylvania, 1995


Personal Interests:

Professor Liu enjoys spending time with his family, playing table tennis, and playing bridge.
Hong  Liu



Hong Liu's Home Page
Hong Liu's Curriculum Vitae
Email: liuh@wustl.edu
Phone: (314) 935-5883

PhD 1998, University of Pennsylvania
MA 1994, University of Connecticut
MS 1990, Shanghai Jiao Tong University
BS 1987, University of Science & Technology of China