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Dr Phong Ngo

Dr Phong Ngo

Research School of Finance, Actuarial Studies & Statistics

Senior Lecturer
Email: phong.ngo@anu.edu.au
Phone: +61 2 612 51079
Office: Room 3.56, CBE Bld (26C)

Research areas

Banking; Political economy; Household finance; Corporate finance; Applied micro-econometrics.


Phong Ngo is a Senior Lecturer of Finance. He is a member of the American Economic Association, American Finance Association, Vietnamese Finance Association, European Finance Association, Financial Research Network, and Economic Society of Australia.  Phong’s research interests are banking, the political economy, household finance, corporate finance and applied micro-econometrics.  His current research focuses on the impact of financial media on household financial decisions (e.g., how financial media impacts mortgage refinancing decisions) as well as questions related to the political economy of finance (e.g. how political polarization influences the functioning of a corporate board). Phong’s research work has been appeared in leading academic journals including Journal of Financial Economics, Review of Financial Studies, and Journal of Financial and Quantitative Analysis.

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Research publications

Does government spending crowd out R&D investment? Evidence from government-dependent firms and their peers (joint with Jared Stanfield) forthcoming at the Journal of Financial and Quantitative Analysis

Voting with your feet: Political competition and internal migration in the US (joint with Wai-Man Liu) forthcoming at the European Journal of Political Economy

There is no 'I' in team: Career concerns, risk-taking incentives and team outcomes (joint with Steven Roberts) forthcoming at the Journal of Economics & Management Strategy

Political uncertainty and accounting conservatism (joint with Lili Dai) forthcoming at the European Accounting Review

Global political uncertainty and asset prices (joint with Jonathan Brogaard, Lili Dai and Bohui Zhang), forthcoming at the Review of Financial Studies

Elections, political competition and bank failure (joint with Wai-Man Liu), Journal of Financial Economics 112, 251-268, 2014

A theory of precautionary regulatory capital in bankingInternational Review of Finance 6, 99-124, 2006 (lead article)


Working papers

Found at SSRN author page


Research grants and awards


AFAANZ Grant, The Relevance of Liquidity Risk in Value-at-Risk Measures for Banks (2010)


Rosetta Institute FIRN Annual Conference Best Paper Prize 2019

FIRN Annual Conference Best Paper Prize 2013


Research engagement and outreach

Member of –

Financial Research Network

American Economic Association

American Finance Association

Vietnamese Finance Association

European Finance Association

Financial Research Network

Economic Society of Australia



FINM3006 Financial Intermediation and Debt Markets

FINM8014 Applied Financial Intermediation and Debt Markets


Updated:   1 March 2017 / Responsible Officer:  CBE Communications and Outreach / Page Contact:  College Web Team