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University of Delaware - Alfred Lerner College of Business & Economics

Fei Xie

Photograph
Title Chaplin Tyler Professor of Finance, Associate Chairperson
Email xief@nospam6512848696a39.udel.edu
Office 316B Purnell Hall
Phone (302) 831-3811
Biography

Biography

Fei Xie is the Chaplin Tyler Professor of Finance and Iannaccone Faculty Fellow at the University of Delaware. He is also a research associate at the European Corporate Governance Institute (ECGI) and serves on the Editorial Board of the ECGI Corporate Governance and Stewardship Blog.

Professor Xie’s research interests are in empirical corporate finance with focuses on corporate governance and mergers and acquisitions. Within this general field, his work covers a wide range of topics such as board of directors, mergers and acquisitions, takeover defenses, dual-class share structure, executive compensation, institutional investors, financial analysts, corporate disclosure, corporate innovation, social trust, and venture capital. His research has been widely published in top academic journals in finance and accounting and has garnered significant recognition and citations.

Professor Xie has accumulated a variety of teaching experience. In particular, he has taught courses in Financial Management, Corporate Governance, and Financial Institutions to undergraduate, MBA, and Executive MBA students. He enjoys interacting and building relationships with students. His teaching emphasizes the importance of economic intuition and conceptual understanding, and connects course material closely with business practices and real world events.

Education

  • Ph.D. in finance, Vanderbilt University, 2005
  • B.S. in finance, Tsinghua University, 1998

Select Publications

  • Corporate Governance and Acquirer Returns, with Ronald W. Masulis and Cong Wang, 2007, Journal of Finance 62, 1851-1889.
  • Corporate Governance Transfer and Synergistic Gains from Mergers and Acquisitions, with Cong Wang, 2009, Review of Financial Studies 22, 829-858.
  • Agency Problems at Dual-Class Companies, with Ronald W. Masulis and Cong Wang, 2009, Journal of Finance 64, 1697-2727.
  • Do Corporate Venture Capitalists Add Value to Startup Firms? Evidence from IPOs and Acquisitions of Venture-backed Companies, with Vladimir Ivanov, 2010, Financial Management 39, 129-152.
  • Do Executive Stock Options Induce Excessive Risk Taking? With Zhiyong Dong and Cong Wang, 2010, Journal of Banking and Finance 34, 2518-2529.
  • Globalizing the Boardroom – The Effects of Foreign Directors on Corporate Governance and Firm Performance, with Ronald Masulis and Cong Wang, 2012, Journal of Accounting and Economics 53, 527-554.
  • When Firms Talk, Do Investors Listen? The Role of Trust in Stock Market Reactions to Corporate Earnings Announcements, with Mikhail Pevzner and Xiangang Xin, 2015, Journal of Financial Economics 117, 190-223.
  • Industry Expertise of Independent Directors and Board Monitoring, with Cong Wang and Min Zhu, 2015, Journal of Financial and Quantitative Analysis 50, 929-962.
  • Are All Analysts Created Equal? Industry Expertise and Monitoring Effectiveness of Financial Analysts, with Dan Bradley, Sinan Gokkaya, and Xi Liu, 2017, Journal of Accounting and Economics 63, 179-206.
  • CEO Inside Debt and Accounting Conservatism, with Cong Wang and Xiangang Xin, 2018, Contemporary Accounting Research 35, 2131-2159.
  • Analyst Career Concerns, Effort Allocation, and Firms’ Information Environment, with Jarrad Harford, Feng Jiang and Rong Wang, 2019, Review of Financial Studies 32, 2179-2224.
  • Foreign Institutional Investors and Corporate Voluntary Disclosure around the World, with Albert Tsang and Xiangang Xin, 2019, The Accounting Review 94, 319-348.
  • Worker-Manager Alliances and Shareholder Returns from Acquisitions, with Ronald Masulis and Cong Wang, 2020, Journal of Financial and Quantitative Analysis 55, 473-516.
  • Expert Advice: Industry Expertise of M&A Advisors and Acquirer Shareholder Returns, with Cong Wang and Kuo Zhang, 2022, Journal of Financial and Quantitative Analysis, 57, 599-628.
  • Trust, Incomplete Contracting, and Corporate Innovation, with Bohui Zhang and Wenrui Zhang, 2022, Management Science, 68, 3419-3443.
  • Is There Investment Value in Soft Dollar Arrangements? Evidence from Mutual Funds, with Sinan Gokkaya, Xi Liu, Veronika Pool and Jinfan Zhang, 2022, Review of Financial Studies, forthcoming.

Awards & Honors

  • Lerner College MBA Teaching Award, Honorable Mention (2nd place out of 65 MBA faculty based on students voting), 2022
  • Chaplin Tyler Professorship, 2021 ~
  • Lerner College Outstanding Scholar Award (one per year), 2019
  • Iannaccone Faculty Fellowship, University of Delaware, 2018 ~
  • Lerner College Faculty Summer Research Award, University of Delaware, 2017
  • Emerald Citations of Excellence Award, 2015
  • Nominated for University Teaching Excellence Award, George Mason University, 2010
  • Excellence in Research Award, School of Management, George Mason University, 2008, 2009, 2010, 2011
  • Hong Kong Government Research Grant (as a co-investigator), 2008, 2010
  • Hana Bank Outstanding Paper Award, 2nd International Conference on Asia-Pacific Financial Markets, 2007
  • Best Doctoral Student Research Award, Southern Finance Association Annual Meeting, 2003

Website

Visit Fei Xie’s Personal Webpage