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Xuhui "Nick" Pan

Xuhui "Nick" Pan.

Xuhui (Nick) Pan

Assistant Professor of Finance

xpan@ou.edu
(405) 325-5591
Curriculum Vitae

About Pan

Xuhui (Nick) Pan's main research interests are broadly in asset pricing, especially in the economic implications of financial derivatives, investment, and risk management. His research has been published in the Review of Financial Studies, the Journal of Financial Economics, and the Journal of Financial and Quantitative Analysis, among others. His research work has won several awards, including the Best Paper Awards from Alternative Investment Management Association (AIMA) in 2014 and the Dong Energy Prize for Best Paper from the European Financial Association (EFA) in 2012. Prior to joining OU, Pan served as an Assistant Professor of Finance at Tulane University, where he won the Dean’s Excellence Teaching Awards in 2017. He received a Ph.D. in Finance from McGill University.


Publications

  • “The Cross-Section of Recovery Rates and Default Probabilities Implied by Credit Default Swaps”, with Redouane Elkamhi and Kris Jacobs, Journal of Financial and Quantitative Analysis, 2014 (49), 193-220.

  • “Oil Volatility Exposure and Expected Stock Returns”, with Peter Christoffersen, Journal of Banking and Finance, 2018 (95), 5-26.

  • “The State Price Density Implied by Crude Oil Futures and Option Prices”, with Peter Christoffersen and Kris Jacobs, Review of Financial Studies, 2022 (35), 1064–1103.

  • “The Cross-Section of Monetary Policy Announcement Premium”, with Hengjie Ai, Leyla Jianyu Han, and Lai Xu, Journal of Financial Economics, 2022 (143), 247-276.

  • “Tail Risk around FOMC Announcements”, with Kris Jacobs and Sai Ke, Journal of Financial and Quantitative Analysis, forthcoming.

  • “The Cross-Section of Recovery Rates and Default Probabilities Implied by Credit Default Swaps”, with Redouane Elkamhi and Kris Jacobs, Journal of Financial and Quantitative Analysis, 2014 (49), 193-220.
  • “Oil Volatility Exposure and Expected Stock Returns”, with Peter Christoffersen, Journal of Banking and Finance, 2018 (95), 5-26.
  • “The State Price Density Implied by Crude Oil Futures and Option Prices”, with Peter Christoffersen and Kris Jacobs, Review of Financial Studies, 2022 (35), 1064–1103.
  • “The Cross-Section of Monetary Policy Announcement Premium”, with Hengjie Ai, Leyla Jianyu Han, and Lai Xu, Journal of Financial Economics, 2022 (143), 247-276.  
  • “Tail Risk around FOMC Announcements”, with Kris Jacobs and Sai Ke, Journal of Financial and Quantitative Analysis, forthcoming.
  • “Equity Portfolio Management Using Option Price Information”, with Peter Christoffersen, Canadian Investment Review, 2014. Non-refereed.
  • “Does Institutional Ownership Predict Mutual Fund Performance? An Examination of Undiscovered Holdings within 13F Reports”, with Kainan Wang and Blerina Bela Zykaj, European Financial Management, 2019 (25), 1249-1285.
  • “Uncertain firm profits and (indirectly) priced idiosyncratic volatility”, with Bharat Raj Parajuli and Petra Sinagl, Journal of Business Finance & Accounting, forthcoming.

Awards

  • Harold E. Hackler Outstanding MBA Professor Award, 2025, University of Oklahoma
  • Dean’s Excellence Teaching Awards, 2017, Tulane University 
  • Nominated for Dean’s Excellence Teaching Award by the Finance Area Coordinator, 2014, Tulane University

About OU's Price College of Business

The University of Oklahoma Michael F. Price College of Business has experienced significant growth over the past five years, becoming OU’s second-largest college with over 7,000 students. The college offers highly ranked undergraduate, master’s, executive and doctoral programs across six academic divisions. More information is available at price.ou.edu