Na Dai

SUNY at Albany - School of Business

Assistant Professor of Finance

1400 Washington Ave.

Albany, NY 12222

United States

SCHOLARLY PAPERS

33

DOWNLOADS
Rank 6,121

SSRN RANKINGS

Top 6,121

in Total Papers Downloads

13,071

SSRN CITATIONS
Rank 3,114

SSRN RANKINGS

Top 3,114

in Total Papers Citations

234

CROSSREF CITATIONS

343

Scholarly Papers (33)

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
Florida Atlantic University and SUNY at Albany - School of Business
Downloads 1,653 (20,620)
Citation 2

Abstract:

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Hedge Funds, Regulation, Law and Finance

2.

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
SUNY at Albany - School of Business
Downloads 1,022 (41,824)

Abstract:

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Private Investment in Public Equity

3.

Empirical Research on Private Equity Funds: A Review of the Past Decade and Future Research Opportunities

Review of Corporate Finance, Forthcoming
Number of pages: 30 Posted: 29 Apr 2022
Na Dai
SUNY at Albany - School of Business
Downloads 932 (47,568)
Citation 3

Abstract:

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private equity, venture capital, alternative investments, entrepreneurial finance

4.
Downloads 922 (48,283)
Citation 16

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
Florida Atlantic University and SUNY at Albany - School of Business
Downloads 637 (77,714)
Citation 2

Abstract:

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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
Florida Atlantic University and SUNY at Albany - School of Business
Downloads 285 (198,359)

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

5.
Downloads 896 (50,219)
Citation 109

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
Florida Atlantic University and SUNY at Albany - School of Business
Downloads 595 (84,717)
Citation 5

Abstract:

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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
Florida Atlantic University and SUNY at Albany - School of Business
Downloads 301 (187,232)
Citation 15

Abstract:

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home bias, venture capital

6.
Downloads 798 (58,773)
Citation 1

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
Florida Atlantic University and SUNY at Albany - School of Business
Downloads 615 (81,211)
Citation 2

Abstract:

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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
Florida Atlantic University and SUNY at Albany - School of Business
Downloads 183 (303,760)

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Hedge Funds, Regulation, Misreported Returns, Law and Finance

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
Florida Atlantic University and SUNY at Albany - School of Business
Downloads 489 (108,175)
Citation 7

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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
Florida Atlantic University and SUNY at Albany - School of Business
Downloads 268 (211,161)
Citation 7

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

8.

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, SUNY at Albany - School of Business and University of New Mexico - Robert O. Anderson Schools of Management
Downloads 553 (94,038)
Citation 9

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

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
SUNY at Albany - School of Business, Santa Clara University and University of New Mexico - Robert O. Anderson Schools of Management
Downloads 527 (99,865)
Citation 3

Abstract:

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Investment bank, private investment in public equity (PIPE)

10.

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, SUNY at Albany - School of Business and Florida Atlantic University
Downloads 498 (107,095)
Citation 2

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11.
Downloads 468 (115,273)
Citation 4

Dodd-Franking the Hedge Funds

Number of pages: 37 Posted: 20 Nov 2014 Last Revised: 10 May 2016
Florida Atlantic University, SUNY at Albany - School of Business and Florida Atlantic University - Finance
Downloads 277 (204,195)
Citation 1

Abstract:

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Hedge Funds, Dodd-Frank, Law and Finance

Dodd-Franking the Hedge Funds

Journal of Banking and Finance, Forthcoming
Number of pages: 45 Posted: 20 Sep 2017 Last Revised: 21 Sep 2017
Florida Atlantic University, SUNY at Albany - School of Business and Florida Atlantic University - Finance
Downloads 191 (292,350)
Citation 1

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Hedge Funds, Dodd-Frank, Law and Finance

12.

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
SUNY at Albany - School of Business
Downloads 366 (152,868)
Citation 14

Abstract:

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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
Florida Atlantic University, SUNY at Albany - School of Business, University of Iowa - Henry B. Tippie College of BusinessLancaster University - Lancaster University Management School and Concordia University
Downloads 223 (253,129)

Abstract:

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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
Florida Atlantic University, SUNY at Albany - School of Business, University of Iowa - Henry B. Tippie College of BusinessLancaster University - Lancaster University Management School and Concordia University
Downloads 132 (400,175)
Citation 1

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Performance Persistence, Law and Finance, Hedge Funds

14.

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

Journal of Corporate Finance, Forthcoming
Number of pages: 54 Posted: 25 Jul 2009 Last Revised: 10 Apr 2017
SUNY at Albany - School of Business, US Securities & Exchange Commission and Florida Atlantic University
Downloads 328 (172,175)
Citation 6

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Optimism, Small Business Financing, Credit Availability, Capital Structure

Venture Capital Ownership Type, Investment Criteria and Venture Performance

Number of pages: 46 Posted: 29 Nov 2009
Na Dai, Hoje Jo and Sul
SUNY at Albany - School of Business, Santa Clara University and University of New Mexico
Downloads 171 (322,797)
Citation 2

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

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
SUNY at Albany - School of Business, Santa Clara University and University of New Mexico
Downloads 150 (361,075)
Citation 2

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

16.

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
SUNY at Albany - School of Business, Santa Clara University and University of New Mexico
Downloads 318 (177,834)
Citation 5

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

17.

Required Return on Equity when Capital Structure is Dynamic

Dai, Na and Piccotti, Louis R. (2018). Expected returns and capital structure adjustment, Financial Management, Forthcoming.
Number of pages: 54 Posted: 02 Jan 2016 Last Revised: 19 Apr 2019
Na Dai and Louis R. Piccotti
SUNY at Albany - School of Business and Oklahoma State University - Stillwater - Spears School of Business
Downloads 264 (215,543)

Abstract:

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Capital structure adjustment, empirical asset pricing, market efficiency

18.

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, SUNY at Albany - School of Business and Texas A&M School of Law
Downloads 235 (241,663)
Citation 1

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

19.

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
Florida Atlantic University and SUNY at Albany - School of Business
Downloads 223 (254,067)
Citation 2

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Venture Capital, Switching

20.

Are Hedge Funds Registered in Delaware Different?

Number of pages: 46 Posted: 16 May 2013 Last Revised: 02 Dec 2014
Florida Atlantic University, SUNY at Albany - School of Business and Florida Atlantic University - Finance
Downloads 209 (269,910)
Citation 1

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Hedge Funds, Delaware, Law and Finance

21.

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 SUNY at Albany - School of Business
Downloads 206 (273,534)
Citation 4

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Financial Contracting, Private Investment in Public Equity, Investor Identity

22.

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
SUNY at Albany - School of Business and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 198 (283,564)

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

23.

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 SUNY at Albany - School of Business
Downloads 193 (290,233)
Citation 2

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PIPEs, Financial Contracts, Private Equity, Hedge Funds

24.

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
Florida Atlantic University and SUNY at Albany - School of Business
Downloads 164 (334,844)
Citation 4

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Venture Capital, Entrepreneurship, Switching

25.

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
SUNY at Albany - School of Business
Downloads 111 (454,814)
Citation 1

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

26.

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

Number of pages: 44 Posted: 16 Apr 2011
Na Dai
SUNY at Albany - School of Business
Downloads 95 (506,461)
Citation 1

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

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 SUNY at Albany - School of Business
Downloads 93 (513,427)

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

28.

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, SUNY at Albany - School of Business and Texas A&M School of Law
Downloads 90 (524,113)

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SEC, Private Investment in Public Equity; Regulation

29.

Hedge Funds and Corporate Misreporting

Number of pages: 48 Posted: 15 Aug 2017
Na Dai and Alfred Z. Liu
SUNY at Albany - School of Business and McMaster University
Downloads 89 (527,741)

Abstract:

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Hedge funds, Corporate Misreporting, Financial contracting

30.

Does Individualism Matter for Hedge Funds? A Cross-Country Examination

Journal of Corporate Finance, Forthcoming
Number of pages: 63 Posted: 27 Dec 2021
SUNY at Albany - School of Business, City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance and SUNY University at Albany
Downloads 77 (575,599)
Citation 2

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Culture, Individualism, Hedge Fund Contracts, Risk-Taking, Survival

31.

Shadow Capital in Venture Financing: Selection, Valuation, and Exit Dynamic

Number of pages: 44 Posted: 17 Oct 2022
Douglas J. Cumming and Na Dai
Florida Atlantic University and SUNY at Albany - School of Business
Downloads 71 (602,192)

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Private Equity, Venture Capital, Shadow Capital, Style Shifting, Valuation, IPOs, M&As, Secondary Sales

32.

Shadow Capital in Venture Financing: Selection, Valuation, and Exit Dynamic

Number of pages: 46 Posted: 01 Jun 2023
Na Dai and Douglas J. Cumming
SUNY at Albany - School of Business and Florida Atlantic University - College of Business
Downloads 39 (789,296)

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Venture Capital, Private Equity, Capital Overhang, Valuation, Exit

33.

Diversification Strategies and the Performance of Funds of Hedge Funds

Posted: 22 May 2019
Na Dai and Hany A. Shawky
SUNY at Albany - School of Business and State University of New York at Albany - School of Business and Center for Institutional Investment Management
Downloads 0 (1,138,292)

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Diversification, fund of hedge funds, specialization, performance