Yuhai Xuan
Dean's Professor of Finance
The Paul Merage School of Business
University of California, Irvine
4291 Pereira Drive
Irvine, CA 92697-3125
Phone: (949) 824-5615
E-mail: yuhai.xuan@uci.edu
 
Curriculum Vitae


 
BIOGRAPHY

 

Yuhai Xuan is Dean's Professor of Finance in The Paul Merage School of Business at the University of California, Irvine, and an Associate Editor of the Journal of Financial and Quantitative Analysis, Management Science, and the Journal of Empirical Finance.  Prior to joining UC Irvine, he served on the faculty of the University of Illinois at Urbana-Champaign (2015–2019) and the Harvard Business School (2006–2015).
 
Professor Xuan's research focuses on empirical corporate finance, corporate governance, and behavioral finance.  His work has been published in leading academic journals in finance, and has been covered in various media outlets, including Bloomberg, The Economist, the Financial Times, Forbes, The New York Times, Reuters, and The Wall Street Journal.  He has been awarded the 2011 Jensen Prize (First Place Winner) for the best corporate finance paper published in the Journal of Financial Economics, and has presented his work at more than 40 universities and numerous national and international conferences.
 
Professor Xuan has taught a variety of courses in the MBA, Master of Finance, and Executive Education programs and won multiple teaching awards.  He has been selected to the List of Teachers Ranked as Excellent and earned three consecutive Best Professor awards at Illinois, and has been awarded the Harvard University Certificate of Distinction in Teaching.  Additionally, he served as the inaugural Academic Director of the Online MBA program at Illinois and was the recipient of the 2018–2019 Dean's Impact Award for his leadership role in the program.
 
Professor Xuan holds an A.M. and a Ph.D. in Business Economics from Harvard University.
 

 
PUBLICATIONS

 

More than Money: Venture Capitalists on Boards
 
with Natee Amornsiripanitch and Paul Gompers
The Journal of Law, Economics, & Organization, forthcoming.
Abstract

Employee Representation and Financial Leverage
 
with Chen Lin and Thomas Schmid
Journal of Financial Economics, Vol. 127, Issue 2, February 2018, pp. 303–324.
Abstract

 
with Malcolm Baker
Journal of Financial Economics, Vol. 121, Issue 1, July 2016, pp. 66–78.
Online Appendix
Abstract

The Cost of Friendship
 
with Paul Gompers and Vladimir Mukharlyamov
Journal of Financial Economics, Vol. 119, Issue 3, March 2016, pp. 626–644.
Abstract

Acquirer-Target Social Ties and Merger Outcomes
 
with Joy Ishii
Journal of Financial Economics, Vol. 112, Issue 3, June 2014, pp. 344–363.
Abstract

 
with Chen Lin, Yue Ma, and Paul Malatesta
Journal of Financial Economics, Vol. 109, Issue 2, August 2013, pp. 517–534.
Abstract

 
with Michael Firth, Chen Lin, and Ping Liu
Journal of Accounting Research, Vol. 51, Issue 1, March 2013, pp. 165–200.
Abstract

 
with Chen Lin, Yue Ma, and Paul Malatesta
Journal of Financial Economics, Vol. 104, Issue 1, April 2012, pp. 1–22 (Lead Article).
Abstract

The Role of Venture Capitalists in the Acquisition of Private Companies
 
with Paul Gompers
in Research Handbook on International Banking and Governance, edited by James Barth, Chen Lin, and Clas Wihlborg, Cheltenham, UK: Edward Elgar Publishing, 2012.
 
 
with Chen Lin and Yue Ma
Journal of Financial Economics, Vol. 102, Issue 2, November 2011, pp. 416–431.
Abstract

 
with Chen Lin, Yue Ma, and Paul Malatesta
Journal of Financial Economics, Vol. 100, Issue 1, April 2011, pp. 1–23 (Lead Article; First Place Winner of the 2011 Jensen Prize for the Best Paper in the Areas of Corporate Finance and Organizations published in the Journal of Financial Economics; Journal of Financial Economics All-Star Paper).
Abstract

 
The Review of Financial Studies, Vol. 22, No. 12, December 2009, pp. 4919–4948.
Online Appendix
Abstract


 
WORKING PAPERS

 

  with Heitor Almeida, Ruidi Huang, and Ping Liu
Abstract

 
with Ruidi Huang
Winner of the China International Conference in Finance Best Paper Award
Abstract

  with Ping Liu
Abstract

Gender Effects in Venture Capital
  with Paul Gompers, Vladimir Mukharlyamov, and Emily Weisburst
Abstract

Bridge Building in Venture Capital-Backed Acquisitions
  with Paul Gompers
Abstract


 
CASE STUDIES

 

Atlantic Grupa
 
with Mato Njavro
Harvard Business School Case 215-077 and Harvard Business School Teaching Note 215-078.
 
Magna International, Inc. (A)
Magna International, Inc. (B)
 
with Timothy Luehrman
Harvard Business School Case 211-044, Harvard Business School Case 211-045, and Harvard Business School Teaching Note 211-077.
 
Shenzhen Development Bank
 
with Xiaobing Bai and Li Jin
Harvard Business School Case 210-020 and Harvard Business School Teaching Note 211-070.
 

 
EDUCATION

 

2006
Ph.D., Business Economics (Finance), Harvard University (Cambridge, MA)
2002
 
A.M., Business Economics (Finance), Harvard University (Cambridge, MA)
 

 
ACADEMIC APPOINTMENTS

 

University of California, Irvine
 
2019– Dean's Professor, The Paul Merage School of Business
2019–
 
Professor of Finance, The Paul Merage School of Business
 
Teaching Assignments
 
2019–
Cases in Corporate Financial Management, Undergraduate, MBA, and Master of Finance (Elective Curriculum)
 
University of Illinois at Urbana-Champaign
 
2018–2019 Professor, Department of Finance, Gies College of Business
2016–2019
Robert and Karen May Faculty Fellow, Gies College of Business
2016–2019
Academic Director, Online MBA (iMBA) Program, Gies College of Business
2015–2018
 
Associate Professor, Department of Finance, Gies College of Business
 
Teaching Assignments
 
2015–2019
Cases in Financial Strategy, Master of Science in Finance (Elective Curriculum)
 
Selected to the List of Teachers Ranked as Excellent (with "Outstanding" ratings), 2016, 2017, 2018
Voted Best Professor by the Master of Science in Finance Class of 2016, Class of 2017, Class of 2018
 
Harvard University
 
2012–2015 Marvin Bower Fellow, Harvard Business School
2012–2015 Associate Professor, Finance Unit, Harvard Business School
2006–2012 Assistant Professor, Finance Unit, Harvard Business School
2004–2006
 
Head Teaching Fellow, Harvard University
 
Teaching Assignments
 
2012–2015
Global Immersion (China), Field Immersion Experiences for Leadership Development, MBA (Required Curriculum)
2010–2015 Finance for Senior Executives, Executive Education
2009–2015 Corporate Financial Management, MBA (Elective Curriculum)
2006–2008 First-Year Finance, MBA (Required Curriculum)
2004–2006
Corporate Finance; Introductory Econometrics; MBA Analytics Program
 
Awarded Harvard University Certificate of Distinction in Teaching, 2004, 2005
 

 
HONORS AND AWARDS

 

2019 
Management Science Distinguished Service Award, Management Science
2019– 
Dean's Professor, The Paul Merage School of Business, University of California, Irvine
2018–2019 
Dean's Impact Award, Gies College of Business, University of Illinois at Urbana-Champaign (awarded State of Illinois Recognition by Senator Scott Bennett of the 100th General Assembly, December 6, 2018)
2018 
List of Teachers Ranked as Excellent, with "Outstanding" ratings (top 10%), University of Illinois at Urbana-Champaign
2018 
Best Professor, voted by the Master of Science in Finance Class of 2018, Gies College of Business, University of Illinois at Urbana-Champaign
2018 
CICF Best Paper Award, China International Conference in Finance (CICF)
2017 
List of Teachers Ranked as Excellent, with "Outstanding" ratings (top 10%), University of Illinois at Urbana-Champaign
2017 
Best Professor, voted by the Master of Science in Finance Class of 2017, Gies College of Business, University of Illinois at Urbana-Champaign
2016–2019 
Robert and Karen May Faculty Fellow, Gies College of Business, University of Illinois at Urbana-Champaign
2016 
List of Teachers Ranked as Excellent, with "Outstanding" ratings (top 10%), University of Illinois at Urbana-Champaign
2016 
Best Professor, voted by the Master of Science in Finance Class of 2016, Gies College of Business, University of Illinois at Urbana-Champaign
2015 
All-Star Paper, for a high number of citations per year since publication, Journal of Financial Economics
2012–2015 
Marvin Bower Fellow, Harvard Business School, Harvard University
2011 
Jensen Prize, First Place Winner, for the Best Paper in the Areas of Corporate Finance and Organizations, Journal of Financial Economics
2005  Certificate of Distinction in Teaching, Harvard University
2004  Certificate of Distinction in Teaching, Harvard University
2000–2005
 
 
Doctoral Fellowship, Harvard Business School, Harvard University
 

 
INVITED PRESENTATIONS

 

Bentley University (Department of Finance), Case Western Reserve University (Weatherhead), Chinese University of Hong Kong (Faculty of Business Administration), City University of Hong Kong (College of Business, 2), Cornell University (Johnson), Dartmouth College (Tuck), Duke University (Fuqua), Erasmus University (Rotterdam), George Mason University (School of Management), George Washington University (School of Business), Harvard Business School (2), Hong Kong University of Science and Technology (Business School), Lingnan University (Department of Economics, 2), Massachusetts Institute of Technology (Sloan), Michigan State University (Broad), National University of Singapore (Business School), New York University (Stern), Ohio State University (Fisher), Pennsylvania State University (Smeal), Purdue University (Krannert), Singapore Management University (Business School), The State University of New York at Buffalo (School of Management), Tilburg University (School of Economics and Management), Tsinghua University (School of Economics and Management), University of Amsterdam (Business School), University of Bristol (School of Economics, Finance and Management), University of California, Irvine (Paul Merage, 2), University of Chicago (Booth), University of Cincinnati (Lindner), University of Delaware (Lerner), University of Exeter (Business School), University of Florida (Warrington), University of Geneva (Geneva Finance Research Institute), University of Illinois at Urbana-Champaign (Gies, 2), University of Iowa (Tippie), University of Lausanne (HEC), University of Michigan (Ross, 2), University of North Carolina at Chapel Hill (Kenan-Flagler), University of Notre Dame (Mendoza), University of Rochester (Simon), University of Texas at Austin (McCombs), University of Utah (Eccles), University of Washington (Foster, 2), University of Zurich (Department of Banking and Finance), Washington University in St. Louis (Olin), American Economic Association Annual Meeting (2007), American Finance Association Annual Meeting (2008, 2009, 2010, 2011, 2012, 2015, 2016, 2018, 2019), Annual Conference on Corporate Finance and Financial Intermediation at Washington University in St. Louis (2017), China International Conference in Finance (2018), CSEF-EIEF-SITE Conference on Finance and Labor (2015), Drexel University Annual Academic Conference on Corporate Governance (2015), European Finance Association Annual Meeting (2015), European Financial Management Association Annual Meeting (2019), The Financial Intermediation Research Society Annual Conference (2012), Kauffman Foundation Early-Stage Investing Conference (2013), Minnesota Corporate Finance Conference (2014), National Bureau of Economic Research Summer Institute Law and Economics Workshop (2010), Red Rock Finance Conference (2015), Singapore International Conference on Finance (2010), Society for Financial Studies Finance Cavalcade (2018), Texas Finance Festival (2009), Western Finance Association Annual Meeting (2015)


 
SELECT MEDIA COVERAGE

 

Bloomberg (June 21, 2012), Business Insider (November 20, 2013; June 29, 2014), The Economist (June 30, 2012), Financial Times (August 24, 2012), Forbes (November 12, 2014), Harvard Law School Forum on Corporate Governance and Financial Regulation (June 16, 2009; January 14, 2010; November 26, 2010; August 15, 2019), The New York Times (June 2, 2012; April 1, 2015), Psychology Today (July/August 2017), Reuters (August 21, 2014), The Wall Street Journal (June 18, 2012; April 12, 2013; April 30, 2017)


 
PHD DISSERTATION COMMITTEES

 

Ruidi Huang (Co-Chair; Southern Methodist University), Nuri Ersahin (Michigan State University), Hwanki Brian Kim (Baylor University), Spyridon Lagaras (University of Pittsburg), Ping Liu (The State University of New York at Buffalo; Purdue University)


 
SERVICE ACTIVITIES

 

Editorial Boards
 
Associate Editor, Management Science, 2018–
Associate Editor, Journal of Empirical Finance, 2016–
Associate Editor, Journal of Financial and Quantitative Analysis, 2012–
 
School/University
 
Ad Hoc Promotion and Tenure Committee (Chair, 2019), Master's Programs Committee (2019–), Joint Master's Degree Programs Committee (2019–), Graduate Programs Advisory Committee (2018–2019), iMBA Program Specialized Faculty Search Committee (Chair and Diversity Advocate, 2018–2019), iMBA Program Faculty Advisory Committee (2016–2019; Chair, 2017–2019)
 
Conference Discussant and Session Chair
 
American Finance Association Annual Meeting (2007, 2009, 2012), China International Conference in Finance (2018, 2019), Drexel University Annual Academic Conference on Corporate Governance (2011, 2018), Midwest Finance Association Annual Meeting (2019), Society for Financial Studies Finance Cavalcade (2015), Yale-European Corporate Governance Institute-Oxford Conference on Corporate Governance (2010)
 
Conference Program Committees
 
China International Conference in Finance (2018–), Drexel University Annual Academic Conference on Corporate Governance (2017–), European Finance Association Annual Meeting (2013–), European Financial Management Association Annual Meeting (2015–), Financial Management Association Annual Meeting (2019), Financial Management Association Asia/Pacific Conference (2017, 2019), Midwest Finance Association Annual Meeting (Track Chair, 2016), Summer Institute of Finance Conference (2019), Utah Winter Finance Conference (2013–), Western Finance Association Annual Meeting (2010–)
 
Reviewer
 
Contemporary Accounting Research, Emerging Markets Finance & Trade, European Financial Management, Financial Management, Journal of Banking & Finance, Journal of Business Finance & Accounting, Journal of Comparative Economics, Journal of Corporate Finance, Journal of Development Economics, Journal of Economics & Business, The Journal of Finance, Journal of Financial and Quantitative Analysis, Journal of Financial Economics, The Journal of Law & Economics, Journal of Money, Credit and Banking, Management Science, The Quarterly Journal of Economics, Research Grants Council of Hong Kong, The Review of Corporate Finance Studies, Review of Finance, The Review of Financial Studies, Social Sciences and Humanities Research Council of Canada, Swiss National Science Foundation

 


Copyright © 2019 Yuhai Xuan | University of California, Irvine | The Paul Merage School of Business | Finance Area | Faculty Profile | Updated: 09/2019