Harry Xia, DBA, is an associate professor and director of graduate business programs at the Craig School of Business of the California State University, Fresno. He has held key management positions in ﬁnance and marketing for multinational corporations in the U.S. and the Asia Paciﬁc for 20 years before joining Fresno State and still serves as an active business consultant and advisor to companies in the greater China region and its surrounding areas. His primary research interests include corporate ﬁnance, international business, and corporate governance. His research has been published in numerous journals and conference proceedings. He holds a PhD in business from the Hong Kong Polytechnic University. [email protected].