Han Xia

Dr. Han Xia joined the Naveen Jindal School of Management in 2011 after earning his PhD in finance from the University of North Carolina at Chapel Hill. His research interests are in empirical and theoretical corporate finance with a focus on financial institutions, including credit ratings and rating agencies, and securitization. He teaches Financial Markets and Institutions at the graduate level. Xia’s research has been published in The Review of Financial Studies, the Journal of Financial Economics and the Journal of Economics & Management Strategy. “My research focuses on financial institutions, especially the agency problems these institutions face,” he said. “Financial institutions played an undeniable role in contributing to the 2008 financial crisis. There is a tremendous opportunity for research to uncover the problems they face and to help policymakers carry out regulations that can avoid or manage a crisis like this in the future.” Xia earned a master’s degree in financial economics from Oxford University, and a bachelor’s degree in finance and economics from Guangdong University of Foreign Studies.

Current / Recent Research

• Empirical and Theoretical Corporate Finance with a focus on Financial Institutions
• Credit Rating Agencies
• Securitization

Education

• Ph.D UNC Kenan-Flagler Business School (2007 — 2011)
• Master in Science Saïd Business School, University of Oxford (2006 — 2007)
• Bachelors Guangdong University of Foreign Studies (2002 — 2006)

Companies

• Assistant Professor University of Texas at Dallas (2011)
• Ph.D in Finance Kenan-Flagler Business School (2007 — 2011)
• Master in Financial Economics Said Business School (2006 — 2007)

Publications:

• Incremental versus Breakthrough Innovation: The Role of Technology Spillovers (with Seong K. Byun, and Jong-Min Oh), Management Science, forthcoming.

• Do Financial Regulations Shape the Functioning of Financial Institutions’ Risk Management in ABS Investment? (with Xuanjuan Jane Chen, Eric Higgins, and Hong Zou), Review of Financial Studies, forthcoming.

• Follow the Money: Investor Trading around Investor-Paid Credit Rating Changes (with Utpal Bhattacharya and Kelsey Wei), Journal of Corporate Finance, forthcoming

• Revolving Doors on Wall Street, (with Jess Cornaggia and Kimberly Cornaggia), Journal of Financial Economics, 2016 120 (2).

• Locations, Proximity, and M&A Transactions (with Ye Cai and Xuan Tian), Journal of Economics and Management Strategy, 2016 25 (3).

• Do Lenders Still Monitor When They Can Securitize Loans? (with Yihui Wang), Review of Financial Studies, 2014 27 (8).

• Can Investor-Paid Credit Rating Agencies Improve the Information Quality of Issuer-Paid Raters? Journal of Financial Economics, 2014 111 (2).

• The Economics of Solicited and Unsolicited Credit Ratings (with Paolo Fulghieri and Gunter Strobl), Review of Financial Studies, 2014 27 (2).

Awards and Recognition

• Research Grants Council, Hong Kong: Competitive Earmarked Research Grant, $62,003 (with Yihui Wang and Vidhan Goyal), 2010-2012
• Best Paper Award in Corporate Finance, Midwestern Finance Association 2010 Meetings
• Graduate Student Fellowship, Kenan-Flagler Business School, UNC-Chapel Hill, 2007-present
• Dean’s List, Saïd Business School, University of Oxford, 2007
• Distinguished Graduate Honor, Guangdong University of Foreign Studies, 2006