Edward Nelling

Edward Nelling

Edward Nelling, Ph.D., CFA, is Professor of Finance and a Fellow in the Center for Corporate Governance in the LeBow College of Business at Drexel University, where he teaches courses in corporate governance and financial management. He holds the Chartered Financial Analyst designation from the CFA Institute, and has taught at the Wharton School, the Georgia Institute of Technology, and Korea University.

Areas of Expertise

  • Business Valuation
  • Corporate Finance
  • Mutual Funds
  • Real Estate Finance

Selected Works


Chiang, Thomas C., Li, Jiandong, Nelling, Edward, and Tan, Lin, Dynamic herding behavior in Pacific-Basin markets: Evidence and implications. Multinational Finance Journal 17 (Year 2013): 165-200.

Nelling, Edward, and Webb, Elizabeth, Corporate Social Responsibility and Financial Performance: The ‘Virtuous Circle’ Revisited. Review of Quantitative Finance and Accounting 32 (Feb 2009): 197-209.

Tan, Lin, Chiang, Thomas C., Mason, Joseph R., and Nelling, Edward, Herding Behavior in Chinese Stock Markets: An Examination of A and B Shares. Pacific-Basin Finance Journal 16 (Jan 2008): 61-77.

Frye, Melissa B., Nelling, Edward, and Webb, Elizabeth, Executive Compensation in Socially Responsible Firms. Corporate Governance: An International Review 14 (Sep 2006): 446-455.

Jayaraman, Narayan, Khorana, Ajay, and Nelling, Edward, An Analysis of the Determinants and Shareholder Wealth Effects of Mutual Fund Mergers. Journal of Finance 57 (Jun 2002): 1215-1542.

Covin, Jeffrey, Jayaraman, Narayan, Khorana, Ajay, and Nelling, Edward, CEO Founder Status and Firm Financial Performance. Strategic Management Journal 21 (Dec 2000): 1215-1524.


Nelling, Edward, Business Valuation Demystified. New York: McGraw-Hill, (2011):


BS Mechanical Engineering - Drexel University 1984
PhD Finance - University of Pennsylvania 1993
MA Finance - University of Pennsylvania 1993

Professional Experience

Academic-Korea University Business School Visiting Professor of Finance Seoul Jun 2009 - Jul 2009
Academic-The Wharton School Visiting Professor of Finance Philadelphia PA Jul 2010 - Jun 2011


2009 Outstanding Online Instructor Award (Drexel University - LeBow College of Business)
2008 Intrafraternity Council Educator of the Year (Drexel University)
2008 Distinguished Teaching Award - Executive MBA (LeBow College of Business)

Media Mentions

5 Things To Know About Getting An Accurate Business Valuation

via Forbes BrandVoice

Finance professor Edward Nelling is quoted in an article about the importance of achieving an accurate valuation of a business.

On the Lookout for inflation

via Philadelphia Business Journal

Edward Nelling, Ph.D., a fellow at LeBow College’s Center for Corporate Governance, commented in a recent article on inflation. “The probability of facing inflation is higher than it has been in the recent past, so it is something that investors should perhaps consider,” said Nelling.

College News

Finance professor Ed Nelling uses group projects and peer evaluations facilitated by TeamMates to encourage students to work together, complete tasks and analyze business problems.

Drexel University’s LeBow College of Business was recently welcomed into the CFA Institute University Recognition Program.

Star Drexel LeBow student David Hunt and his partner Jason Browne took top honors for their startup Spore at today’s 2013 Laurence A. Baiada Institute for Entrepreneurship Incubator Competition. Spore is a solar battery charger that Hunt says is “affordable, scalable and adaptable.”