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Dave Vang

Professor

  • Education
  • B.A., Economics/Political Science, St. Cloud State University 
    Ph.D., Economics, Iowa State University
  • Research Interests
  • Banking, corporate finance, derivatives, economic markets - domestic, economic markets - international, employment, health care, operations, public finance, real estate and valuation.

Dave Vang, PhD, is a professor in the Department of Finance at the University of St. Thomas Opus College of Business. He has been at St. Thomas since 1988.

Vang graduated summa cum laude from St. Cloud State University and received a PhD in economics from Iowa State University. Besides being an award-winning professor and a former department chairperson, he has performed more than 90 consulting assignments for organizations, ranging from small businesses to Fortune 100 corporations. He was the CFO for a technology firm that began as a start up and eventually went public, which led him to co-author the textbook Entrepreneurial Finance: An Applied Approach, 4th edition, published by Routledge.

He has taught more than two dozen undergraduate and graduate courses across the areas of managerial finance, corporate finance, financial statement analysis, investments, derivatives, financial institutions, international finance, managerial economics, real estate and industrial engineering.


  • Lundsten, L. L., Daugherty, M. S., Shovein, J. A., Sullivan, M. F., Beckmann, H., & Vang, D. O. (forthcoming). Why don't we just ask them - do finance practitioners read academic research??. (29)(3),
  • Raffield, W. D., Vang, D. O., & Lundsten, L. L. (forthcoming). The relevance of academic research in OSCM practice. Journal of Education for Business,
  • Daugherty, M. S., & Vang, D. O. (2015). Using performance data to evaluate student learning in a student managed investment fund. Journal of Higher Education and Theory Practice, (15)(2),
  • Glac, K., Skirry, J. D., & Vang, D. O. (2012). What is so morbid about Viaticals: An examination of the ethics of economic ideas and economic reality. Business and Professional Ethics Journal, (31)(3/4), pp. 453-474
  • Lutz, H. S., Vang, D. O., & Raffield, W. D. (2012). Using game theory to predict supply chain cooperation. Performance Improvement Journal, (51)(3), pp. 19-23
  • Jithendranathan, T., & Vang, D. O. (2010). Impact of single stock futures on the volatility of underlying Russian stocks. (15)(2), pp. 156-168
  • Hamilton, T. W., & Vang, D. O. (2009). Appraising leased assets: A needed correction to WSATA procedures. (25)(9), pp. 212-220
  • Jithendranathan, T., Odinaeva, L. L., & Vang, D. O. (2009). Spatial integration and price volatility of Russian regional wheat markets. (4)(1), pp. 18-32
  • Hamilton, T. W., & Vang, D. O. (2008). Accounting for operating leases in the unit valuation approach. (5)(3), pp. 25-35
  • Hamilton, T. W., & Vang, D. O. (2007). Partitioning capitalization rates operating leases in unitary valuation. Appraisal Journal, (75)(2), pp. 146-155
  • Cornwall, J., Vang, D. O., & Hartman, J. (2012). Entrepreneurial financial management: An applied approach 3rd ed. New York New York: M.E. Sharpe
  • Vang, D. O. (2012). Introduction to Nonprofit Management; Text and Cases. In W. Glenn Rowe & Mary Conway Dato-On (Ed.), OHNO swim club: Organizational governance and mission (pp. 67-72). Ivey Casebook Series: A Sage Publication
  • Cornwall, J., Vang, D. O., & Hartman, J. (2009). Entrepreneurial financial management: An applied approach - 2nd ed. M.E. Sharpe
  • Cornwall, J., Vang, D. O., & Hartman, J. (2004). Entrepreneurial financial management: An applied approach. Prentice-Hall Active Learning Technologies

  • Financial Management Association
  • Homeless Ministry Care Provider, Other 

  • Full Professor, University of St. Thomas, St. Paul / Mpls (2000 - present)
  • Chairman of the Department of Finance, University of St. Thomas, St. Paul / Mpls (1999 - 2011)
  • Associate Professor of Finance, University of St. Thomas, St. Paul / Mpls (1994 - 2000)
  • Acting Chief Financial Officer, Inter-Con/PC, Inc., Eden Prairie (1998 - 1999)
  • Visiting Professor of Engineering, University of Minnesota, Minneapolis (1999 - 1999)
  • Director of the Finance Concentration, University of St. Thomas, St. Paul / Mpls (1995 - 1999)
  • Assistant Professor of Finance, University of St. Thomas, St. Paul / Mpls (1989 - 1994)
  • Visiting Professor of Engineering, University of Minnesota, Minneapolis (1993 - 1994)
  • Instructor of Finance, University of St. Thomas, St. Paul / Mpls (1988 - 1989)
  • Instructor of Finance, Iowa State University, Ames (1986 - 1988)
  • Teaching Assistant of Economics, Iowa State University, Ames (1983 - 1986)
  • Other, Office of Senator Rudy Boschwitz, Washington (1983 - 1983)
  • Research and mailing list maintenance, St. Cloud State University, St. Cloud (1980 - 1982)