Na Dai

State University of New York at Albany - School of Business & Center for Institutional Investment Management

Assistant Professor of Finance

1400 Washington Ave.

Albany, NY 12222

United States

SCHOLARLY PAPERS

28

DOWNLOADS
Rank 3,161

SSRN RANKINGS

Top 3,161

in Total Papers Downloads

9,304

CITATIONS
Rank 4,132

SSRN RANKINGS

Top 4,132

in Total Papers Citations

130

Scholarly Papers (28)

1.

A Law and Finance Analysis of Hedge Funds

Financial Management, Forthcoming
Number of pages: 54 Posted: 21 Feb 2007 Last Revised: 10 Nov 2009
Douglas J. Cumming and Na Dai
York University - Schulich School of Business and State University of New York at Albany - School of Business & Center for Institutional Investment Management
Downloads 1,556 (7,836)
Citation 8

Abstract:

Hedge Funds, Regulation, Law and Finance

2.
Downloads 832 ( 21,329)
Citation 6

Capital Flows and Hedge Fund Regulation

3rd Annual Conference on Empirical Legal Studies Papers
Number of pages: 35 Posted: 16 Apr 2008 Last Revised: 21 Oct 2009
Douglas J. Cumming and Na Dai
York University - Schulich School of Business and State University of New York at Albany - School of Business & Center for Institutional Investment Management
Downloads 597 (33,480)
Citation 6

Abstract:

Flow, Performance, Hedge Funds, Regulation, Law and Finance

Capital Flows and Hedge Fund Regulation

Journal of Empirical Legal Studies, 2009
Number of pages: 39 Posted: 31 Jul 2009
Douglas J. Cumming and Na Dai
York University - Schulich School of Business and State University of New York at Albany - School of Business & Center for Institutional Investment Management
Downloads 235 (102,017)
Citation 6

Abstract:

Flow, Performance, Hedge Funds, Regulation, Law and Finance

3.

The Rise of the PIPE Market

COMPANION TO PRIVATE EQUITY, Douglas J. Cumming, ed., Wiley, 2009
Number of pages: 37 Posted: 01 Mar 2009 Last Revised: 12 Mar 2009
Na Dai
State University of New York at Albany - School of Business & Center for Institutional Investment Management
Downloads 757 (21,868)
Citation 4

Abstract:

Private Investment in Public Equity

4.
Downloads 729 ( 25,783)
Citation 3

Hedge Fund Regulation and Misreported Returns

Number of pages: 33 Posted: 16 Apr 2008 Last Revised: 12 Jul 2010
Douglas J. Cumming and Na Dai
York University - Schulich School of Business and State University of New York at Albany - School of Business & Center for Institutional Investment Management
Downloads 578 (34,955)
Citation 3

Abstract:

Hedge Funds, Regulation, Misreported Returns, Law and Finance

Hedge Fund Regulation and Misreported Returns

European Financial Management, Forthcoming
Number of pages: 33 Posted: 28 Jul 2010 Last Revised: 04 Sep 2010
Douglas J. Cumming and Na Dai
York University - Schulich School of Business and State University of New York at Albany - School of Business & Center for Institutional Investment Management
Downloads 150 (155,767)
Citation 3

Abstract:

Hedge Funds, Regulation, Misreported Returns, Law and Finance

Hedge Fund Regulation and Misreported Returns

European Financial Management, Vol. 16, Issue 5, pp. 829-857, November 2010
Number of pages: 29 Posted: 26 Oct 2010
Douglas J. Cumming and Na Dai
York University - Schulich School of Business and State University of New York at Albany - School of Business & Center for Institutional Investment Management
Downloads 1 (549,838)
Citation 3

Abstract:

5.
Downloads 565 ( 36,537)
Citation 24

Local Bias in Venture Capital Investments

Number of pages: 40 Posted: 02 Dec 2007 Last Revised: 15 Jul 2009
Douglas J. Cumming and Na Dai
York University - Schulich School of Business and State University of New York at Albany - School of Business & Center for Institutional Investment Management
Downloads 390 (57,631)
Citation 24

Abstract:

Home bias, private equity

Local Bias in Venture Capital Investments

Journal of Empirical Finance, Forthcoming
Number of pages: 43 Posted: 06 Nov 2009
Douglas J. Cumming and Na Dai
York University - Schulich School of Business and State University of New York at Albany - School of Business & Center for Institutional Investment Management
Downloads 175 (135,905)
Citation 24

Abstract:

home bias, venture capital

Fund Size, Limited Attention and Valuation of Venture Capital Backed Firms

EFA 2008 Athens Meetings Paper
Number of pages: 37 Posted: 05 Mar 2008 Last Revised: 30 Sep 2010
Douglas J. Cumming and Na Dai
York University - Schulich School of Business and State University of New York at Albany - School of Business & Center for Institutional Investment Management
Downloads 381 (59,263)
Citation 10

Abstract:

Venture Capital; Fund Size; Limited Attention; Private Equity Valuation

Fund Size, Limited Attention, and Valuation of Venture Capital Backed Firms

Journal of Empirical Finance, Forthcoming
Number of pages: 37 Posted: 01 Oct 2010 Last Revised: 06 Oct 2010
Douglas J. Cumming and Na Dai
York University - Schulich School of Business and State University of New York at Albany - School of Business & Center for Institutional Investment Management
Downloads 174 (136,625)
Citation 10

Abstract:

Venture Capital, Fund Size, Limited Attention, Private Equity Valuation

7.

The Choice of Equity Selling Mechanisms: PIPES versus SEOS

Journal of Corporate Finance, Forthcoming
Number of pages: 48 Posted: 03 Jun 2008 Last Revised: 08 Nov 2009
University of New Mexico - Anderson School of Management, State University of New York at Albany - School of Business & Center for Institutional Investment Management and University of New Mexico - Robert O. Anderson Schools of Management
Downloads 442 (47,199)
Citation 15

Abstract:

Private investment in public equity (PIPE), seasoned equity offering (SEO)

8.

Diversification in the Hedge Fund Industry

Journal of Corporate Finance, Vol. 18, 2012
Number of pages: 43 Posted: 09 Jun 2010 Last Revised: 24 Nov 2014
State University of New York at Albany - School of Business and Center for Institutional Investment Management, State University of New York at Albany - School of Business & Center for Institutional Investment Management and York University - Schulich School of Business
Downloads 421 (49,591)
Citation 1

Abstract:

9.

The Quality and Price of Investment Banks' Service: Evidence from the PIPE Market

Financial Management, Forthcoming
Number of pages: 48 Posted: 02 Dec 2007 Last Revised: 08 Nov 2009
Na Dai, Hoje Jo and John Schatzberg
State University of New York at Albany - School of Business & Center for Institutional Investment Management, Santa Clara University and University of New Mexico - Robert O. Anderson Schools of Management
Downloads 321 (68,907)
Citation 14

Abstract:

Investment bank, private investment in public equity (PIPE)

10.

Diversification Strategies and the Performance of Funds of Hedge Funds

Number of pages: 20 Posted: 05 Dec 2010
Na Dai and Hany A. Shawky
State University of New York at Albany - School of Business & Center for Institutional Investment Management and State University of New York at Albany - School of Business and Center for Institutional Investment Management
Downloads 304 (70,569)

Abstract:

Diversification, fund of hedge funds, specialization, performance

11.

Does Investor Identity Matter? An Empirical Examination on Investments by Venture Capital Funds and Hedge Funds in Pipes

Journal of Corporate Finance, Vol. 13, 2007
Number of pages: 52 Posted: 11 Jan 2006 Last Revised: 03 Mar 2009
Na Dai
State University of New York at Albany - School of Business & Center for Institutional Investment Management
Downloads 264 (83,099)
Citation 26

Abstract:

Private investment in public equity, venture capital, hedge fund

Regulatory Induced Performance Persistence: Evidence from Hedge Funds

Number of pages: 36 Posted: 20 Nov 2010 Last Revised: 03 Jun 2012
York University - Schulich School of Business, State University of New York at Albany - School of Business & Center for Institutional Investment Management, Lancaster University - Management School and Concordia University
Downloads 176 (135,214)

Abstract:

Performance Persistence, Law and Finance, Hedge Funds

Regulatory Induced Performance Persistence: Evidence from Hedge Funds

Journal of Corporate Finance, Forthcoming
Number of pages: 36 Posted: 12 Jun 2012
York University - Schulich School of Business, State University of New York at Albany - School of Business & Center for Institutional Investment Management, Lancaster University - Management School and Concordia University
Downloads 81 (244,991)

Abstract:

Performance Persistence, Law and Finance, Hedge Funds

Venture Capital Ownership Type, Investment Criteria, and Venture Performance

SCU Leavey School of Business Research Paper No. 09-02
Number of pages: 46 Posted: 08 Dec 2009
Na Dai, Hoje Jo and Sul
State University of New York at Albany - School of Business & Center for Institutional Investment Management, Santa Clara University and University of New Mexico
Downloads 107 (203,293)
Citation 1

Abstract:

Venture Capital, Ownership Type, Proximity, Information Asymmetry, Network, Venture Performance

Venture Capital Ownership Type, Investment Criteria and Venture Performance

Number of pages: 46 Posted: 29 Nov 2009
Na Dai, Hoje Jo and Sul
State University of New York at Albany - School of Business & Center for Institutional Investment Management, Santa Clara University and University of New Mexico
Downloads 87 (234,199)
Citation 1

Abstract:

Venture Capital, Ownership Type, Proximity, Information Asymmetry, Network, Venture Performance

14.

Cross-Border Venture Capital Investments in Asia: Selection and Performance

Journal of Business Venturing, Forthcoming
Number of pages: 43 Posted: 05 Oct 2010 Last Revised: 10 May 2011
Na Dai, Hoje Jo and Sul
State University of New York at Albany - School of Business & Center for Institutional Investment Management, Santa Clara University and University of New Mexico
Downloads 183 (117,973)
Citation 4

Abstract:

Venture Capital; Internationalization; Proximity; Cultural Distance; Information Asymmetry; Partnership; Exit Performance

15.

Entrepreneurial Optimism, Credit Availability, and Cost of Financing: Evidence from U.S. Small Businesses

Number of pages: 50 Posted: 25 Jul 2009 Last Revised: 07 Oct 2015
State University of New York at Albany - School of Business & Center for Institutional Investment Management, US Securities & Exchange Commission and Florida Atlantic University
Downloads 178 (103,348)
Citation 2

Abstract:

Optimism, Small Business Financing, Credit Availability, Capital Structure

16.

Why Do Entrepreneurs Switch Venture Capitalists?

22nd Australasian Finance and Banking Conference 2009
Number of pages: 43 Posted: 26 Jun 2009 Last Revised: 18 Mar 2010
Douglas J. Cumming and Na Dai
York University - Schulich School of Business and State University of New York at Albany - School of Business & Center for Institutional Investment Management
Downloads 170 (134,586)
Citation 1

Abstract:

Venture Capital, Switching

17.

SEC Enforcement in the PIPE Market: Actions and Consequences

Illinois Program in Law, Behavior and Social Science Paper No. LBSS12-17
Number of pages: 46 Posted: 03 Apr 2012 Last Revised: 19 Jun 2012
Lund University School of Economics and Management, State University of New York at Albany - School of Business & Center for Institutional Investment Management and Skiermont Derby LLP
Downloads 147 (147,129)

Abstract:

SEC, enforcement, private investments in public equity, contract design

18.

Financial Contracts in Pipe Offerings: The Role of Expert Placement Agents

Number of pages: 46 Posted: 20 Mar 2011 Last Revised: 03 Oct 2011
Ola Bengtsson and Na Dai
Lund University School of Economics and Management and State University of New York at Albany - School of Business & Center for Institutional Investment Management
Downloads 125 (166,645)
Citation 2

Abstract:

PIPEs, Financial Contracts, Private Equity, Hedge Funds

19.

Investor Objective and Financial Contracting: Evidence from the PIPE Market

Number of pages: 39 Posted: 26 Oct 2010
University of Kansas - School of Business and State University of New York at Albany - School of Business & Center for Institutional Investment Management
Downloads 123 (166,645)
Citation 3

Abstract:

Financial Contracting, Private Investment in Public Equity, Investor Identity

20.
Downloads 103 (207,826)
Citation 2

Why Do Entrepreneurs Switch Lead Venture Capitalists?

Entrepreneurship Theory and Practice, Forthcoming
Number of pages: 37 Posted: 10 Dec 2011
Douglas J. Cumming and Na Dai
York University - Schulich School of Business and State University of New York at Albany - School of Business & Center for Institutional Investment Management
Downloads 103 (208,959)
Citation 2

Abstract:

Venture Capital, Entrepreneurship, Switching

Why Do Entrepreneurs Switch Lead Venture Capitalists?

Entrepreneurship Theory and Practice, Vol. 37, Issue 5, pp. 999-1017, 2013
Number of pages: 19 Posted: 11 Sep 2013
Douglas J. Cumming and Na Dai
York University - Schulich School of Business and State University of New York at Albany - School of Business & Center for Institutional Investment Management
Downloads 0
Citation 2

Abstract:

Cultural Differences and Cross-Border Venture Capital Syndication

Journal of International Business Studies, Forthcoming
Number of pages: 59 Posted: 11 Aug 2015 Last Revised: 28 Aug 2015
Na Dai and Rajarishi Nahata
State University of New York at Albany - School of Business & Center for Institutional Investment Management and City University of New York, CUNY Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 99 (214,781)

Abstract:

Cultural Distance, Venture Capital, Syndicates, Cross-Border Venture Capital Investments, Exploration/Exploitation, Venture Capital Exits

Cultural Differences and Cross-Border Venture Capital Syndication

Journal of International Business Studies, Vol. 47, Issue 2, 2015
Number of pages: 30 Posted: 21 Jan 2016
Na Dai and Rajarishi Nahata
State University of New York at Albany - School of Business & Center for Institutional Investment Management and City University of New York, CUNY Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 0

Abstract:

cultural distance, venture capital, syndicates, cross-border investments, exploration/exploitation, venture capital exits

22.

Are Hedge Funds Registered in Delaware Different?

Number of pages: 46 Posted: 16 May 2013 Last Revised: 02 Dec 2014
York University - Schulich School of Business, State University of New York at Albany - School of Business & Center for Institutional Investment Management and York University - Schulich School of Business
Downloads 97 (180,139)

Abstract:

Hedge Funds, Delaware, Law and Finance

23.

Dodd-Franking the Hedge Funds

Number of pages: 37 Posted: 20 Nov 2014 Last Revised: 10 May 2016
York University - Schulich School of Business, State University of New York at Albany - School of Business & Center for Institutional Investment Management and York University - Schulich School of Business
Downloads 77 (155,532)

Abstract:

Hedge Funds, Dodd-Frank, Law and Finance

24.

Monitoring via Staging: Evidence from Private Investments in Public Equity

Journal of Banking and Finance, Forthcoming
Number of pages: 51 Posted: 31 May 2011
Na Dai
State University of New York at Albany - School of Business & Center for Institutional Investment Management
Downloads 77 (230,703)
Citation 1

Abstract:

Private Investment in Public Equity (PIPE), Staging, Monitoring

25.

Monitoring Via Staging: Evidence from the Private Investments in Public Equity

Number of pages: 44 Posted: 16 Apr 2011
Na Dai
State University of New York at Albany - School of Business & Center for Institutional Investment Management
Downloads 64 (260,268)
Citation 1

Abstract:

Private Investment in Public Equity (PIPE), Staging, Monitoring

26.

SEC Enforcement of the Pipe Market: Actions and Consequences

Journal of Banking and Finance, Forthcoming
Number of pages: 62 Posted: 05 Feb 2014
Lund University School of Economics and Management, State University of New York at Albany - School of Business & Center for Institutional Investment Management and Skiermont Derby LLP
Downloads 44 (291,656)

Abstract:

SEC, Private Investment in Public Equity; Regulation

27.

Financial Contracts in PIPE Offerings: The Role of Expert Placement Agents

Financial Management, Forthcoming
Number of pages: 51 Posted: 13 May 2014
Ola Bengtsson and Na Dai
Lund University School of Economics and Management and State University of New York at Albany - School of Business & Center for Institutional Investment Management
Downloads 31 (318,440)
Citation 2

Abstract:

Private Investment in Public Equity, Financial Intermediary, Reputation, Hedge Funds

28.

Expected Returns and Capital Structure Adjustment

Number of pages: 61 Posted: 02 Jan 2016 Last Revised: 13 Dec 2016
Na Dai and Louis R. Piccotti
State University of New York at Albany - School of Business & Center for Institutional Investment Management and SUNY at Albany - School of Business
Downloads 0 (189,444)

Abstract:

Capital structure adjustment, empirical asset pricing, market efficiency