Jun Pan


Jun Pan


Jun Pan is the School of Management Distinguished Professor of Finance and a Professor of Finance at the MIT Sloan School of Management.

Pan researches derivatives markets, credit risk modeling, risk management, and the term structure of interest rates. She studies the impact of rare events on financial markets, as well as their implications for asset allocation. Her work also explores the informational transmission across the stock and options markets. Recently, Pan’s work has been focused on the credit market, including credit derivatives and the corporate bond market.

Pan holds a BS in physics from Shanghai Jiao Tong University, an MS in physics from Western Illinois University, a PhD in physics from New York University, and a PhD in finance from Stanford University.


"Early Peek Advantage? Efficient Price Discovery with Tiered Information Disclosure."

Xing Hu, Grace, Jun Pan, and Jiang Wang. Journal of Financial Economics Vol. 126, No. 2 (2017): 399-421.

"Bond Illiquidity and Excess Volatility."

Bao, Jack, and Jun Pan. Review of Financial Studies Vol. 26, No. 12 (2013): 3068-3101.

"Noise as Information for Illiquidity."

Grace Xing Hu, Jun Pan and Jiang Wang. Journal of Finance Vol. 68, No. 6 (2013): 2223-2772.

"The Illiquidity of Corporate Bonds."

Bao, Jack, Jun Pan and Jiang Wang. Journal of Finance Vol. 66, No. 3 (2011): 911-946.

"How Sovereign is Sovereign Credit Risk?"

Longstaff, Francis A., Jun Pan, Lasse H. Pedersen and Kenneth J. Singleton. American Economic Journal: Macroeconomics Vol. 3, No. 2 (2011): 75-103.

"Default and Recovery Implicit in the Term Structure of Sovereign CDS Spreads."

Pan, Jun and Kenneth Singleton. Journal of Finance Vol. 63, No. 5 (2008): 2345-2384.

Load More