Qin Lei

In September of 2013, Qin Lei joined the faculty at the University of Michigan Ross School of Business, where he had received his Ph.D. in finance seven years earlier. Qin also holds a M.A. in Economics from Georgetown University and a B.A. in International Economics from Renmin University of China. Qin was previously a Clinical Associate Professor in finance at Southern Methodist University, where he received the Provost Teaching Technology Grant in 2008, Delta Sigma Pi Distinguished Professor Award 2009-2011, and MBA Outstanding Teaching Award in 2012. He also worked at the International Monetary Fund and contributed to the efforts of identifying early warning signs for financial system instability. Over 2015-2018, he served as the faculty director of Ross MBA Fast Track Finance program. His current research interests are in the areas of asset pricing, market microstructure and investments. Qin teaches a number of investment related courses at the graduate level and the introductory finance at the undergraduate level.

Fields of Interest

• Asset Pricing, Market Microstructure, Investments, Information Economics

Education

• Doctor of Philosophy (Ph.D.) University of Michigan (2000 — 2006)
• Master of Arts (M.A.) Georgetown University (1998 — 1999)

Published Papers

• Time-Varying Informed and Uninformed Trading Activities, Journal of Financial Markets, 2005, 8(2), 153-181. (Co-authored with Guojun Wu)
• Financial Value of Reputation: Evidence from the eBay Auctions of Gmail Invitations, Journal of Industrial Economics, 2011, 59(3), 422-456.
• An Empirical Analysis of Corporate Insiders' Trading Performance, China Finance Review International, 2012, 2(3), 246-264. (Co-authored with Murli Rajan and Xuewu Wang)
• Flight to Liquidity due to Heterogeneity in Investment Horizon, China Finance Review International, 2012, 2(4), 316-350. (Co-authored with Xuewu Wang; Won the Outstanding Paper Award in 2013 for China Finance Review International)
• Time-Varying Liquidity Trading, Private Information and Insider Trading, European Financial Management, 2014, 20(2), 321-351. (Co-authored with Xuewu Wang)
• Can Traders Beat the Market? Evidence from Insider Trades, China Finance Review International, 2014, 4(3), 243-270. (Co-authored with Murli Rajan and Xuewu Wang)
• Volatility Spread and Stock Market Response to Earnings Announcements, Journal of Banking and Finance, forthcoming. (Co-authored with Xuewu Wang and Zhipeng Yan)