Predoctoral Research Fellow, Kellogg School of Management.
Dual MSc, CUHK & Northwestern, 2025.
Shujie XU
I am a predoctoral research fellow at the Kellogg School of Management, Northwestern University. Trained as an applied microeconomist at CUHK and Northwestern, I work on questions in corporate finance and household finance.
A common thread in my research is information frictions: what people know, what they disclose, and what they misread, and how that moves prices, contracts, and organizations. Much of my work turns large bodies of text into new measurements. Property listings, analyst reports, earnings calls, and political speeches all become data, which I then link to administrative and transaction records.
Right now I am turning these measurement ideas into research assets that will outlast the predoc years, before starting a PhD in finance. I am always happy to talk research or collaboration.
- Training
- Dual MSc, CUHK & Northwestern (2025) · B.Econ in Finance, SWUFE (2024)
- Fields
- Corporate finance · household finance · information economics
- Methods
- Text-based measurement, causal inference, large-scale data pipelines
- Perspective
- Information is rarely symmetric; I measure the gap and price its consequences
01 · Research Focus
I study how information frictions shape the decisions of firms and households, and I build new measurements from text to make those frictions visible.
02 · Current Work
Information frictions in corporate and household finance
- 01
Information frictions in housing bargaining
Measuring seller motivation from listing text to test how pricing formats sort households and shift bargaining outcomes.
- 02
How markets interpret regulation
Classifying regulatory discussion across millions of analyst-report paragraphs to study how firms and intermediaries read policy.
- 03
Supply-chain risk in corporate disclosure
Linking risk language in annual reports to network position to trace how shocks propagate through production webs.