Nan Qin
Associate Professor of Finance
Northern Illinois University
Email: nanqin@niu.edu
Research Interests
Fixed-income, mutual funds, market fragility, portfolio management.
Publications
Qin, Nan, and Lei Zhou. "Are investor-paid credit ratings superior?" Financial Management 54, no. 1 (2025): 53-87.
Huang, Jingzhi, Nan Qin, and Ying Wang. "Breadth of ownership and the cross-section of corporate bond returns." Management Science 70, no. 9 (2024): 5627-6482.
Qin, Nan, and Vijay Singal. "Effect of high-frequency trading on mutual fund performance." The Financial Review 58, no. 2 (2023): 369-394.
Qin, Nan, and Vijay Singal. "Equal-weighting and value-weighting: which one is better?" Review of Quantitative Finance and Accounting 58 (2022): 743–768.
Qin, Nan, and Ying Wang. "Does portfolio concentration affect performance? Evidence from corporate bond mutual funds." Journal of Banking & Finance 123 (2021): 106033.
Chen, Yong, and Nan Qin. "The behavior of investor flows in corporate bond mutual funds." Management Science 63, no. 5 (2017): 1365-1381.
Qin, Nan, and Vijay Singal. "Indexing and stock price efficiency." Financial Management 44, no. 4 (2015): 875-904.
Working Papers
"Private investments of corporate bond mutual funds", with Jaewon Choi and Qifei Zhu.
Conferences: MFA 2026 (scheduled), FIFI 2025, FIRS 2025, FMA 2024.
"The performance of corporate bond mutual funds and the allocation of underpriced new issues", with Gjergji Cici, Scott Gibson and Pei Zhang.
Conferences: FMA 2023.
"Asset fire sales by corporate bond ETFs during the COVID-19 crisis", with Ying Wang.
Conferences: FMA 2022.
"Are passive investors a challenge to corporate governance?" With Di Wang.
Grants, Awards & Media Coverage
Summer Research Grant, NIU College of Business: 2025, 2023, 2019, 2018.
Best Paper Award for 2023, The Financial Review.
"Earnings jolt stocks like never before as ETFs, algos get blame." Bloomberg. October 17, 2016.
Teaching
MBA/EMBA/Master’s: Financial Analysis, Business Foundation (Finance), Risk Measurement.
Undergraduate: Investments, Corporate Finance, Introduction to Finance, Managerial Finance, Portfolio Management, Financial Institutions.
Average teaching evaluation over the past five years: 4.5/5.0
Education
2014 Ph.D. in Finance, Virginia Tech, Blacksburg, VA
2009 M.S. in Financial Engineering, Temple University, Philadelphia, PA
2007 B.E. in Computer Science, Xi’an Jiaotong University, Xi’an, China