Linjia Song

Linjia (Alex) Song 宋琳甲

Assistant Professor of Finance
School of Management, Xiamen University

My research interests are in empirical asset pricing, derivatives, real estate finance, supply chain, and healthcare finance.

Linjia Song

Education

2018–2022
The Chinese University of Hong Kong
PhD in Business Administration
2014–2018
Xi'an Jiaotong University
BSc in Economics

Working Papers

  1. Real Activities and Uncertainty: Evidence from Real Estate Market

    with Jie Cao, Sheridan Titman, and Xintong Zhan

  2. Opioid Crisis Along the Supply Chain

    with Jie Cao, Xintong Zhan, and Weiming Zhang

  3. Firm and Macro Information in Corporate Bond Risk Premium

    with Jie Cao, Ruijing Yang, and Xintong Zhan

  4. Media Coverage and Option Returns

    with Ruijing Yang

  5. Demand Shocks and the Financing of Product Quality: Evidence from Hospitals

    with Jie Cao, Lei Lei, and Xinong Zhan

  6. The Cost of Care: Paid Family Leave and Bank Loan Pricing

    with Si Li, Jianglong Liu, and Xintong Zhan

  7. Information Processing Costs and Supply Chain Formation: Evidence from Local IPOs

    with Jie Cao, Michael Hertzel, Xinqi Yu, and Xintong Zhan

Publications

  1. A Conditional Factor Model for REIT Returns

    with Jie Cao and Xintong Zhan

    Real Estate Economics, 2026.

  2. Smart Beta, “Smarter” Flows

    with Jie Cao, Jason Hsu, Zhanbing Xiao, and Xintong Zhan

    Journal of Empirical Finance, 2025.

    ETF Research Academy Award of the Paris-Dauphine House of Finance

  3. Option Price Implied Information and REIT Returns

    with Jie Cao, Bing Han, and Xintong Zhan

    Journal of Empirical Finance, 2023, 71, 13–28.

Presentations

2026
The Chinese University of Hong Kong; AAA GNP Midyear Conference (New Hampshire)*; AREUEA National (Washington, D.C.)*
2025
Alliance for Research on Corporate Sustainability (Paris); Annual Conference on Asia-Pacific Financial Markets (Seoul); MRS International Risk Conference (Boston, online); SFS Cavalcade AP (Beijing)*; FMA Annual Meeting (Vancouver)*; FMA Asia-Pacific (Taipei)*
2024
Xiamen University; Chinese Finance Annual Meeting; East China Normal University*; Hong Kong Institute for Monetary and Financial Research*
2023
AsRes-GCREC (Hong Kong); China International Conference in Finance (CICF, Shanghai)*; The Federal Reserve Board*; University of Sussex*; University of Minnesota*; Virtual Derivatives Workshop*
2022
The 4th Derivatives Youth Forum (Suzhou, online); APAD Annual Conference (Busan, online); ASSA-AREUEA Annual Meeting (Boston, online); FMCG
2021
AREUEA-International Annual Meeting (Singapore, online); APAD Annual Conference (Busan, online)

* Presented by a coauthor.

Research Grants

  • The National Natural Science Foundation of China (NSFC)
    Youth Science Fund · Principal Investigator · RMB 300,000
  • Fundamental Research Funds for the Central Universities
    Principal Investigator · RMB 100,000