Frank (Fan) Xia

headshot of Frank Fan Xia

Full-Time Faculty

Professor of Practice

Management, Strategy, and Entrepreneurship

Email

xiaf@smu.edu
CV

CV

Education

PhD, University of California at Los Angeles

Research

 Corporate Governance

M&A

Delisting

Wealth Distribution

Publications

  • Xia, F., & Walker, G. 2025. Horizontal acquisitions of growth potential. Industrial and Corporate Change, 34(3): 633–652
  • Xia, F. 2023. Common institutional ownership and mergers and acquisitions outcomes. Review of Quantitative Finance and Accounting, 60(4): 1429–1449
  • Yu, X., Li, Y., Su, Z., Tao, Y., Nguyen, B., Xia, F. 2020. Entrepreneurial bricolage and its effects on new venture growth and adaptiveness in an emerging economy. Asia Pacific Journal of Management, 37(4): 1141–1163
  • Yu, X., Tao, Y., Tao, X., Xia, F., & Li, Y. 2018. Managing uncertainty in emerging economies: The interaction effects between causation and effectuation on firm performance. Technological Forecasting and Social Change, 135: 121–131
  • Xia, F., & Walker, G. 2015. How much does owner type matter for firm performance? Manufacturing firms in China 1998–2007. Strategic Management Journal, 36(4): 576–585
  • Xia, F., & Yao, Z. 2013. Rating inflation versus rating deflation: On the pro-cyclical credit ratings. 金融研究Journal of Financial Research. Vol. 2: 184-193 (paper published in Chinese)
  • He, X., & Xia, F. 2012. Institutional reforms and household wealth inequality - A property transformation perspective on China’s housing reform. 经济研究 Economic Research Journal. Vol. 2: 28-40 (paper published in Chinese)
  • Yao, Z., & Xia, F. 2012. Optimal deposit insurance design: International experience and theoretical Analysis. 金融研究 Journal of Financial Research, Vol. 7: 98-111 (paper published in Chinese)
  • Han, Y., Wang, R., & Xia, F. 2011. Formal organizational establishment and corporate environmental protection investment. 经济科学Economic Science. Vol. 5:104-115 (paper published in Chinese) Working Papers: * Xia, Fan, Delisting-return measurement risk in accounting return tests (August 06, 2026). SMU Cox School of Business Research Paper Forthcoming, Available at SSRN: https://ssrn.com/abstract=7243220 or http://dx.doi.org/10.2139/ssrn.7243220
  • Xia, Fan, What Corporate AI Text Measures: A Multi-State Indicator of Corporate AI Diffusion (July 14, 2026). SMU Cox School of Business Research Paper Forthcoming, Available at SSRN: https://ssrn.com/abstract=7119778 or http://dx.doi.org/10.2139/ssrn.7119778
  • Xia, Fan and Walker, Gordon, Inter-temporal Scope and the Synergy Life Cycle (August 24, 2025). SMU Cox School of Business Research Paper No. 25-20, Available at SSRN: https://ssrn.com/abstract=5403776 or http://dx.doi.org/10.2139/ssrn.5403776
  • Xia, Fan and Walker, Gordon, Machine learning capability, relatedness, and corporate boundary change in acquisitions (September 29, 2024). SMU Cox School of Business Research Paper No. 25-19, Available at SSRN: https://ssrn.com/abstract=5401158 or http://dx.doi.org/10.2139/ssrn.5401158
  •  Xia, Fan, June 2026, Learning What to Buy: ML/AI Capability and the Transferability of Acquisition Experience.
  • Under Review Conference Proceedings:
    • https://journals.aom.org/doi/10.5465/AMPROC.2025.23975
    • abstract https://journals.aom.org/doi/abs/10.5465/AMPROC.2023.13793
    • abstract https://journals.aom.org/doi/10.5465/AMBPP.2022.17848
    • abstract https://journals.aom.org/doi/abs/10.5465/AMBPP.2021.15852
    • abstract https://journals.aom.org/doi/10.5465/AMBPP.2017.16990
    • abstract https://journals.aom.org/doi/abs/10.5465/ambpp.2016.16468
    • abstract https://journals.aom.org/doi/10.5465/ambpp.2013.14853
    • abstract https://doi.org/10.5465/AMBPP.2012.14915