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Edward Nelling, PhD

Department Head, Professor



Ed Nelling, Ph.D., CFA, is Department Head and Professor of Finance in the LeBow College of Business at Drexel University, where he teaches courses in financial management, corporate governance, and valuation. He received his Ph.D. in finance from The Wharton School of the University of Pennsylvania. Ed has also taught at The Wharton School, the Georgia Institute of Technology, and Korea University Business School. His research has been published in journals such as the Journal of Finance, the Financial Analysts Journal, Strategic Management Journal, and Real Estate Economics. He is a CFA charterholder and the author of the book, “Business Valuation Demystified”, published by McGraw-Hill. Ed also holds a B.S. degree in Mechanical Engineering from Drexel University.

Areas of Expertise

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

Recent Media Mentions

Selected Works


Lantushenko, Viktoriya, and Nelling, Edward, Institutional Ownership Stability and Investment Behavior of REITs. International Real Estate Review 25 (Summer 2022):161-198.

Lantushenko, Viktoriya, and Nelling, Edward, Do more active funds still earn higher performance? The effect of Regulation Fair Disclosure. Journal of Financial Research 44 (Jul 2021):725-752.

Lantushenko, Viktoriya, and Nelling, Edward, Active Management in Real Estate Mutual Funds. Journal of Real Estate Finance and Economics 61 (Aug 2020):247-274.

Lantushenko, Viktoriya, and Nelling, Edward, New positions in mutual fund portfolios: Implications for fund alpha. Journal of Financial Services Research 58 (Mar 2020):161-198.

Lantushenko, Viktoriya, and Nelling, Edward, How do institutional investors respond to patent announcements?. Managerial Finance 44 (Dec 2018):1446-1465.

Nelling, Edward, Institutional Property-Type Herding in Real Estate Investment Trusts. Journal of Real Estate Finance and Economics 54 (May 2017):459-481.

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.

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).


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

Professional Experience

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


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)