Faculty Directory

Na Dai

Position: Assistant Professor dai
Education: Ph.D. in Finance, University of Kansas
MA in Accounting, Ren Min University of China
BA in Accounting, Ren Min University of China (with honor)
Email: ndai@uamail.albany.edu
CV: Click here
Office: BA 313
Phone: 518-442-4962
Research Interests:

Corporate Finance; Public and Private Offerings; Venture Capital and Private Equity; Financing of Innovations and Entrepreneurship; Hedge Fund and Regulation

Publications:

2012: “Why do Entrepreneurs Switch Venture Capitalists?” with Douglas Cumming, Forthcoming. Entrepreneurship Theory & Practice.

2012: “Diversification in the Hedge Fund Industry.” with Hany Shawky and Douglas Cumming. Journal of Corporate Finance 18, 166-178.

2011: “Monitoring via Staging? Evidence from Private Investment in Public Equity,Journal of Banking and Finance 35, 3417-3431.

2011: “Venture Capital Funds.” Book chapter (chapter 22) in Institutional Money Management: An Inside Look at Strategies, Players, and Practices, John Wiley & Sons (The Robert Kolb Finance Series).

2011: “Cross-Border Venture Capital Investments in Asia: Selection and Exit Performance,” with Hoje Jo and Sul Kassicieh, Forthcoming. Journal of Business Venturing

2011: “Fund Size, Limited Attention and Valuation of Venture Capital Backed Firms,” with D. Cumming, Journal of Empirical Finance 18, 2-15. ----Reprinted and included in the Oxford handbook of Private Equity published by the Oxford University Press

2010: “Hedge Fund Regulation and Misreported Returns,” with D. Cumming, European Financial Management 16, 829-857.

2010: “A Law and Finance Analysis of Hedge Funds,” with D. Cumming, Financial Management 40, 997-1026.

2010: “The Quality and Price of Investment Banks’ Service: Evidence from the PIPE Market,” with H. Jo and J.D. Schatzberg, Financial Management 39, 585-616.

2010: “Local Bias in Venture Capital Investments,” with D. Cumming, Journal of Empirical Finance 17, 362-380. ----Reprinted and included in The Oxford Handbook of Venture Capital published by the Oxford University Press

2010: “The Choice of Equity Selling Mechanisms: PIPEs versus SEOs,” with H.C. Chen and J.D. Schatzberg, Journal of Corporate Finance 16, 104-119.

2009: “Capital Flows and Hedge Fund Regulation,” with D. Cumming, Journal of Empirical Legal Studies 6, 848-873.

2009:  “The Rise of the PIPE Market,Companion to Private Equity (Chapter 7), John Wiley & Sons, Inc.

2008: “Seasoned Equity Selling Mechanisms: Costs and Innovations,” with H.C. Chen, Journal of Private Equity, Vol. 11 No. 3, 16-29.

2007: “Does Investor Identity Matter? An Empirical Examination of Investments by Venture Capital Funds and Hedge Funds in PIPEs,Journal of Corporate Finance 13, 538-563.

--Won the 2006 FMA Best Paper Awards—Financial Markets and Institutions

Courses: BFIN301: Corporate Financial Policy and Strategy
BFIN604: Entrepreneurial Finance

 

Events Calendar

AACSB logo

The World Within Reach

Students participate in more than 200 student clubs and honor societies, and enjoy a busy calendar of campus events.