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Qian, Jun

jqian@saif.sjtu.edu.cn

Educational Background

Professor Qian received his Ph.D. from the University of Pennsylvania in 2000, and his B.S. degree in economics from University of Iowa. He also enrolled at Department of International Economics, Fudan University as an undergraduate.

Experience

Prior to joining SAIF, he was an Associate Professor of Finance with tenure at the Carroll School of Management, Boston College.

Honors / Achievements

Professor Qian is an Associate Editor of Review of Finance and Frontiers of Economics in China, a member of the American Finance Association and Western Finance Association, and a Research Fellow at the Financial Institutions Center of the Wharton School, University of Pennsylvania. He has also been on the organizing committee of the China International Conference in Finance, the best academic finance conference in Asia, since its inception, and served as conference Co-Chair during 2008-2010. In addition, he is one of the founding members of the Summer Finance Institute of China, and one of the main academic advisors for The Chinese Finance Association, the largest organization for Chinese finance practitioners in the U.S. He also served as the visiting or special-term professor at MIT's Sloan School of Management, the Wharton School, School of Economics and Management of Tsinghua University, Shanghai University of Finance and Economics, Shanghai National Accounting Institute, and Lingnan College at Sun Yat-sen University.

Short BIO

Professor Qian's research interests span many topics of theoretical and empirical corporate finance and financial institutions. His research papers have been published in top academic journals including the American Economic Review, Journal of Finance, Journal of Financial & Quantitative Analysis and Journal of International Economics. In one of his best known papers, published in the Journal of Financial Economics in 2005, he and his coauthors explained how China has achieved its impressive economic growth without strong formal institutions or an efficient, 'standard' financial system that includes a stock market and a banking sector. This paper has led to a large and growing number of studies examining the role of alternative institutions in promoting economic growth in China and other developing countries. He also contributed chapters of several books on developing financial systems, including China's Great Economic Transformation, Emerging Giants: China and India in the World Economy, China’s Emerging Financial Markets: Challenges and Opportunities, and Global Perspectives of Rule of Law.

Insights

Publication


  • 1. He, Jie, Jun Qian, and Philip E. Strahan, 2016, Does the Market Understand Ratings Shopping? Predicting MBS Losses with Yields, Review of Financial Studies.
    2. Qian, Jun, Philip E. Strahan, and Zhishu Yang, 2015, The Impact of Incentives and Communication Costs on Information Production and Use: Evidence from Bank Lending, Journal of Finance.
    3. Allen, Franklin, Jun Qian, Susan Chenyu Shan, and Mengxin Zhao, 2014, The IPO of Industrial and Commercial Bank of China and the 'Chinese Model' of privatizing large financial institutions, European Journal of Finance.
    4. Allen, Franklin, Elena Carletti, Jun Qian, and Patricio Valenzuela, 2014, The African Financial Development and Financial Inclusion Gaps, Journal of African Economies.
    5. He, Jie, Jun Qian, and Philip E. Strahan, 2012, Are All Ratings Created Equal? The Impact of Issuer Size on the Pricing of Mortgage-Backed Securities, Journal of Finance.
    6. Allen, Franklin, Rajesh Chakrabarti, Sankar De, Jun Qian, and Meijun Qian, 2012, Financing Firms in India, Journal of Financial Intermediation.
    7. He, Jie, Jun Qian, and Philip E. Strahan, 2011, Credit Ratings and the Evolution of the Mortgage-Backed Securities Market, American Economic Review.
    8. Kisgen, Darren J., Jun Qian, and Weihong Song, 2009, Are Fairness Opinions Fair? The Case of Mergers and Acquisitions, Journal of Financial Economics.
    9. Strahan, Philip E., and Jun Qian, 2006, How Law & Institutions Shape Financial Contracts: the Case of Bank Loans, Journal of Finance.
    10. Cheng, Yingmei, Mark H. Liu, and Jun Qian, 2006, Buy-side Analysts, Sell-side Analysts and Investment Decisions of Money Managers, Journal of Financial and Quantitative Analysis.
    11. Alessandria, George, and Jun Qian, 2005, Endogenous Financial Intermediation and Real Effects of Capital Account Liberalization, Journal of International Economics.
    12. Goldman, Eitan, and Jun Qian, 2005, Optimal Toeholds in Takeover Contests, Journal of Financial Economics.
    13. Allen, Franklin, Meijun Qian, and Jun Qian, 2005, Law, Finance, and Economic Growth in China, Journal of Financial Economics.
    14. Allen, Franklin, Meijun Qian, and Jun Qian, 2003, Building China's Financial System in the 21st Century, Harvard China Review.
    15. Allen, Franklin, Meijun Qian, and Jun Qian, 2003, Comparing China's Financial System, China Journal of Finance.


Working Paper

  • He, Jie, Jun Qian, and Philip E. Strahan, Does the Market Understand Ratings Shopping? Predicting MBS Losses with Yields.
    Allen, Franklin, Jun Qian, and Chenying Zhang, An Alternative View on Law, Institutions and Finance.
    Hotchkiss, Edith S., Jun Qian, Weihong Song, and Lei Zhu, Holdups, Renegotiation, and Deal Protection in Mergers.
    Qian, Jun, and Lei Zhu, Return to Invested Capital and the Performance of Mergers and Acquisitions.
    Qian, Jun, and George Aragon, High-Water Marks and Hedge Fund Compensation.
    Li, Ke, Lei Lu, Jun Qian, and Lei Zhu, Enforceability and the Effectiveness of Laws and Regulations.
    Allen, Franklin, Elena Carletti, Robert Cull, Lemma Senbet, Jun Qian, and Patricio Valenzuela, Improving Access to Banking: Evidence from Kenya.
    Fang, Lily H., Jun Qian, and Huiping Zhang, Out of the Limelight but In Play: Trading and Liquidity of Media and Off-media Stocks.
    Allen, Franklin, and Jun Qian, Corruption and Competition.
    Allen, Franklin, Rajesh Chakrabarti, Sankar De, Jun Qian, and Meijun Qian, The Financial System Capacities of China and India.
    Huang, Zhangkai, Lixing Li, Jun Qian, and Guangrong Ma, The Political Economy of Corporate Finance: Evidence from Re-nationalization in China.
    Qian, Jun, and S. Zhao, Shareholder Rights and Firm Performance.
    Qian, Jun, Z. Zhang, and Lei Zhu, Does the High-Yield Market Understand Accruals?.
    Goyal, Abhinav, Cal B. Muckley, Jun Qian, and Hassan Tehranian, External Financing from Dividends: Evidence from Japanese Business Groups.
    Allen, Franklin, Jun Qian, Susan Chenyu Shan, and Lei Zhu, Explaining the Disconnection between China's Economic Growth and Stock Market Performance.