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Indiana University Bloomington

Department of Finance

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A 2012 Businessweek recruiter poll placed Kelley's Department of Finance in the top 10 programs for the quality of finance instruction.

Xuan Tian

Contact Information

(812) 855-3420
tianx [at] indiana [dot] edu (E-mail)
Business School

Faculty Web Page

  • Associate Professor of Finance
  • Mary Jane Geyer Cain Faculty Fellow

Campus

  • Bloomington

Education

  • Ph.D. in Finance, Boston College, 2008
  • M.A. in Economics, University of Washington, 2003
  • B.A. in Economics, Beijing (Peking) University, 2001

Professional Interests

Corporate Finance, Venture Capital, and Innovation

Background

Dr. Xuan Tian is an Associate Professor of Finance and Mary Jane Geyer Cain Faculty Fellow at the Kelley School of Business at Indiana University. He is an award winning researcher in the areas of corporate finance and financial intermediation with special research interests on venture capital, private equity, and corporate innovation. His research has been published in leading academic journals including the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. His single-authored article “The Causes and Consequences of Venture Capital Stage Financing” won the 2011 Jensen Prize (2nd place) for best paper published in the areas of corporate finance and organizations in the Journal of Financial Economics. His article “Disciplining Delegated Monitors: The Consequences of Preventing Fraud” won the Best Paper Award in Financial Markets and Institutions at the 2012 Financial Management Association (FMA) meetings. Dr. Tian won the Kelley School of Business Research Excellence Award (Assistant Professor Level) in 2012. Dr. Tian’s research has been presented at numerous university workshops and academic conferences such as the National Bureau of Economic Research (NBER) meetings, the Western Finance Association (WFA) meetings, the American Finance Association (AFA) meetings, and the American Economic Association (AEA) meetings. Dr. Tian received his Ph.D. from Boston College in 2008 and his B.A. from Beijing University, China, in 2001.

Selected Publications

  • Tian, Xuan and Tracy Wang (2014), "Tolerance for Failure and Corporate Innovation." Review of Financial Studies Vol. 27 (1), 211-255.  Read Abstract ››

  • Hsu, Po-Hsuan, Xuan Tian, and Yan Xu, (2014), "Financial Development and Innovation: Cross-country Evidence," Journal of Financial Economics, 112(1): 116–135.

    Read Abstract ››

  • Chemmanur, Thomas, Elena, Loutskina, and Xuan Tian, (2014), "Corporate Venture Capital, Value Creation, and Innovation," Review of Financial Studies, forthcoming.  Read Abstract ››

  • Chemmanur, Thomas, and Xuan Tian (2013), "Communicating Private Information to the Equity Market before a Dividend Cut: An Empirical Analysis," Journal of Financial and Quantitative Analysis, forthcoming. Read Abstract ››

  • Fang, Vivian, Xuan Tian, and Sheri Tice (2013), "Does Stock Liquidity Enhance or Impede Firm Innovation?" Journal of Finance, forthcoming.  Read Abstract ››

  • Cornaggia, Jess, Yifei Mao, Xuan Tian, and Brain Wolfe, 2013, Does Banking Competition Affect Innovation? Journal of Financial Economics, forthcoming. Read Abstract ››

  • He, Jie and Xuan Tian, (2013), "The Dark Side of Analyst Coverage: The Case of Innovation," Journal of Financial Economics, Vol. 109 (3), 856-878 Read Abstract ››

  • Tian, Xuan (2012), "The Role of Venture Capital Syndication in Value Creation for Entrepreneurial Firms," Review of Finance, Vol. 16, No. 1, pp. 245-283.  Read Abstract ››

  • Chemmanur, Thomas and Xuan Tian (2012), “'Preparing' the Equity Market for Adverse Corporate Events: A Theoretical Analysis of Firms Cutting Dividends,” Journal of Financial and Quantitative Analysis, 47:05, 933-972. Read Abstract ››

  • Tian, Xuan (2011), “The Causes and Consequences of Venture Capital Stage Financing,” Journal of Financial Economics, Vol. 101, No. 1, pp. 132-159. Read Abstract ››