G. Nathan Dong, PhD, CFA
Department of Finance, Carroll School of Management, Boston CollegeAcademic Interests
Fintech, Cryptocurrency, Financial Institution, Corporate Finance, Socially Responsible Finance, Financial Management of Public, Nonprofit & Healthcare OrganizationsProfessional Credentials
Chartered Financial Analyst (CFA) Financial Risk Manager (FRM)Research Cites
Google Scholar Citation Count: 1,042Graduate Education
Ph.D. in Finance, Rutgers University P.D. in Industrial Engineering & Operations Research, Columbia University Graduate Certificate in Applied Mathematics, Columbia University MBA in Finance, Indiana University Graduate Study in Accounting & Economics, Purdue University M.S. in Computer Science, Illinois Institute of TechnologyAcademic Appointments and Teaching Experience
Assistant Professor of Practice, Department of Finance, Boston College, 2019- Courses taught: Corporate Finance⇗, Data Analytics in Finance⇗, Derivatives & Risk Management⇗, FinTech & Cryptocurrencies⇗ Assistant Professor, Department of Health Policy and Management, Columbia University, 2012-2019 Courses taught: Healthcare Financial Management⇗, Equity Valuation in Healthcare Industry⇗ Lecturer and PhD Fellow, Department of Finance and Economics, Rutgers Business School, 2009-2012 Courses taught: Corporate Finance, Financial Institution Guest Lecturer, Gabelli School of Business, Fordham University, 2009 Courses lectures invited: Corporate Governance, Financial Risk ManagementAffiliations and Industry Experience
Research Affiliate, Research Center for International Economics, City University of Hong Kong, 2016- Assistant Vice President, Global Asset Management and Fund Services, Bank of New York, 2006-2007 Senior Analyst, Structured Products Group (Mortgage and MBS Portfolios Trading Platform), Credit Suisse, 2006 Analyst, Fixed-Income Department (Treasury and Agency Securities Transaction System), Bear Stearns, 2005 Senior Consultant, Professional Services Group (Market Data Integration), Reuters, 2001-2004 Consultant, Financial Services Strategic Business (Risk/Emergency System), Capgemini, 1999-2000Publication in Finance
The Systemic Risk of Climate Investment, Chapter in Handbook of Sustainable Finance: Research and Applications, Palgrave Macmillan, ForthcomingCarbon Footprint and Market Value of Cryptocurrencies and the Real Economy, Chapter 5 in Fintech and Green Investment: Transforming Challenges into Opportunities, World Scientific Publishing, 2023
Determinants of LGBTQ+ Corporate Policies (with Tanja Gonzalez, Paul Calluzzo, Georg Granic), Review of Corporate Finance Studies, 2022, 11(3):644-693 (Special Issue on Discrimination, Disparities, and Diversity in Finance)
Banks' Non-Interest Income and Systemic Risk (with Markus Brunnermeier, Darius Palia), Review of Corporate Finance Studies, 2020, 9(2):229-255 (Lead Article and Editor's Choice)
Invisible Hand and Helping Hand: Private Placement of Public Equity in China (with Ming Gu, Hua He), Journal of Corporate Finance, 2020, 61 (April)
Sovereign Wealth Fund Investments and the U.S. Political Process (with Paul Calluzzo, David Godsell), Journal of International Business Studies, 2017, 48(2):222-243
Has The Financial System Become Safer After The Crisis? The Changing Nature of Financial Institution Risk (with Paul Calluzzo), Journal of Banking and Finance, 2015, 53:233-248
Fund Governance Contagion: New Evidence on the Mutual Fund Governance Paradox (with Paul Calluzzo), Journal of Corporate Finance, 2014, 28:83-101
Excessive Financial Services CEO Pay and Financial Crisis: Evidence from Calibration Estimation, Journal of Empirical Finance, 2014, 27:75-96
The Underpricing of Initial Public Offerings and Private Placements of Equity in China (with Ming Gu), The Oxford Handbook of IPOs (D. Cumming, S. Johan, Eds.), Oxford University Press, 2018
What Increases Banks' Vulnerability to Financial Crisis: Short-Term Financing or Illiquid Assets? (with Yuna Heo), Handbook of Financial Econometrics and Statistics (C.F. Lee, Eds.), Springer-Verlag, 2014, 64:1753-1770
Joint Discipline of Option and Debt: Theory and Evidence from CEO Equity Holding, Capital Structure and Executive Compensation, Advances in Financial Economics (S. Ferris, K. John, A. Makhija, Eds.), Emerald, 2012, 15:79-125
Pay More Stocks to Directors? Theory and Evidence of Board Director's Compensation, Corporate Governance: Recent Developments and New Trends (S. Boubaker, B. Nguyen, D. Nguyen, Eds.), Springer-Verlag, 2012, 7:157-180
Publication in Nonprofit & Healthcare Finance
Market Premium of Sustainability in Health-Care Sector Firms, Research Handbook of Investing in the Triple Bottom Line, Edward Elgar, 2018, 10:212-238Informal Bankruptcy: Health Expenditure Shocks and Financial Distress Avoidance, Journal of Financial Counseling and Planning, 2018, 29(1):45-59
Earnings Management in U.S. Hospitals, Journal of Health and Human Services Administration, 2016, 39(1):41-71
Wage Dispersion and Financial Performance of Nonprofit Hospitals, Journal of Health Care Finance (Special Issue Honoring Louis C. Gapenski, Dean G. Smith, Ed.), 2016, 43(2):186-208
Social Capital as Correlate, Antecedent, and Consequence of Health Service Demand in China, China Economic Review (Special Issue on Human Capital, Labor Markets, and Migration), 2016, 37:85-96
Performing Well in Financial Management and Quality of Care? Evidence from Hospital Process Measures for Treatment of Cardiovascular Disease, BMC Health Services Research, 2015, 15(45):1-15
Rising Labor Costs, Earnings Management and Financial Performance of Health Care Providers around the World, International Best Practices in Health Care Management, Advances in Health Care Management, Emerald, 2015, 17:117-135
Health Care Reform and Stock Market: Economic Impact, Growth Opportunity and Private Investors, Journal of Health Care Finance, 2014, 41(2):1-18
Working Papers
Can AI Replace Stock Analysts? Evidence from Deep Learning Financial Statements ⇗Banking for the Public Good: Access to Credit and the Nonprofit Sector ⇗
The Effects of Margin Trading and Short Selling on Earnings Management: A Natural Experiment from China (with Zhaojing Chen, Ming Gu, Iftekhar Hasan) ⇗
Government Ownership and Credit Rating Choices: Evidence from Municipal Conduit Bonds ⇗
Taxation and Earnings Management: Natural Experiment Evidence from Staggered Changes in State Corporate Tax Rates (with Lan Xu). ⇗
Margin Trading and Corporate Investments: Evidence from a Deregulation Experiment in China (with Ming Gu, Weiwei Huang, KC John Wei). ⇗
Mortgage Securitization: Good, Bad, or Irrelevant. ⇗
CEO Risk Preferences and Bank Risk Taking: Evidence from Calibration Estimation (with Lan Xu) ⇗
Flu Epidemic, Limited Attention and Analyst Forecast Behavior (with Yuna Heo). ⇗
Budget Constraints, Market Opportunities and Off-Budget Financing of Local Governments in China (with Zigan Wang) ⇗
Practitioner Research
Improving Risk-Adjusted Returns of Fixed-Portfolios with VIX Derivatives, Bank of New York, 2007 ⇗Empirical Test of Forecasting VIX Index and Profitability in Trading VIX Derivatives, Bank of New York, 2006 ⇗
Service and Committee
EFA Annual Meeting Reviewing Committee, European Finance Association, 2021 - 2024MHA/MPH Graduate Program Admission Committee, Columbia University, 2016 - 2018
Ad-hoc Referee for Management Science, Review of Finance, Review of Economics & Statistics, Journal of Banking & Finance, Journal of Corporate Finance, Journal of Financial Stability, IMF Economic Review, Journal of Economic Behavior & Organization, Journal of Accounting & Public Policy, British Journal of Management, Inquiry, Medical Care Research & Review.
Office Address
Fulton Hall 221 Chestnut Hill, MA ☎ (617) 552-6426Curriculum Vitae
Nathan Dong Boston CollegeResearch Guide Artificial Intelligence in Finance
Course of Data Analytics in Finance
Course of FinTech & Cryptocurrencies
Course of Derivatives & Risk Management
Ranking of Research Journals in Finance