Nasima Khatun, PhD

Dr. Nasima Khatun is an Assistant Teaching Professor in the Department of Financial Planning at Florida State University. She earned her Ph.D. and M.S. in Personal Financial Planning from Texas Tech University, and her BBA and MBA in Finance from the University of Dhaka, Bangladesh.

Her research centers on financial literacy, financial well-being, retirement savings, and the impact of natural disasters on insurance markets. She specializes in advanced econometric and machine learning methods, including Bayesian modeling, multilevel regression, and structural equation modeling, to examine how financial knowledge, skills, and external shocks shape household financial outcomes. Dr. Khatun’s work has been published in journals such as the American Journal of Economics and Sociology and Econometrics and presented at leading conferences including the American Council on Consumer Interests (ACCI), the CFP Board Academic Research Colloquium, and the Financial Management Association (FMA).

Beyond research, Dr. Khatun is deeply committed to teaching and outreach. She has more than a decade of experience teaching finance and financial planning courses across multiple institutions and has served as a financial educator in community outreach programs, providing unbiased financial education to underrepresented populations. She also serves as a reviewer for several leading journals, including the American Council on Consumer Interests, Financial Planning Review, and the Journal of Financial Counseling and Planning, as well as for the Pro bono Financial Planning Curriculum. Dr. Khatun is an active member of professional associations including ACCI, AFCPE, and FMA.

CURRICULUM VITAE

EDUCATION

• Texas Tech University, Personal Financial Planning Lubbock, Texas

Doctor of Philosophy June 2025

• Texas Tech University, Personal Financial Planning Lubbock, Texas

Master of Science (MS) December 2023

• University of Dhaka, Department of Finance Dhaka, Bangladesh

Master of Business Administration (MBA) August 2014

• University of Dhaka, Department of Finance Dhaka, Bangladesh

Bachelor of Business Administration (BBA) December 2012
 

ACADEMIC EXPERIENCE
Department of Financial Planning, Florida State University FL-32405
Assistant Teaching Professor August 2025-Present

School of Financial Planning, Texas Tech University Lubbock, TX
Instructor and Graduate Research Assistant August 2021-June 2025

East West University Dhaka, Bangladesh
Senior Lecturer, Department of Business Administration September 2018 – August 2021

Southeast University Dhaka, Bangladesh
Lecturer, School of Business Studies January 2016 -September 2018

Dhaka City College Dhaka, Bangladesh
Lecturer, Department of Business Administration January 2015 - December 2015

PROFESSIONAL EXPERIENCE
Bangladesh Rural Advancement Committee (BRAC) Dhaka, Bangladesh
Senior Financial Analyst, Monitoring & Evaluation Department August 2014 to December 2014

Prime Bank Limited Dhaka, Bangladesh
Intern, Export Finance Unit, Corporate Division January 2013- April 2013

PUBLICATIONS

• Pearson, B., Lacombe, D. J., Khatun, N. (2024). Likert Scale Variables in Personal Finance Research: The Neutral Category Problem, Econometrics, 12(4),33. DOI: https://doi.org/10.3390/econometrics12040033
• Lacombe, D. J., & Khatun, N. (2023). What are the determinants of financial well‐being? A Bayesian LASSO approach. American Journal of Economics and Sociology. DOI: https://doi.org/10.1111/ajes.12489
• Khatun, N., & Tamanna, M. (2020). Factors affecting the adoption of Fintech: a study based on the financial institutions in Bangladesh. Copernican Journal of Finance & Accounting, 9(4), 51-75. DOI: https://doi.org/10.12775/CJFA.2020.021
• Khatun, N., & Saha, D. (2019). Factors Affecting Equity Return during Corporate Declaration. Research Journal of Finance and Accounting, 10,16,54-59. DOI: 10.7176/RJFA
• Khatun, N. (2018). Performance Assessment of Demutualization of Bangladesh Stock Market, European Journal of Business and Management,10,12,174-190. ISSN 2222-1905 (Paper) ISSN 2222-2839

NEWSPAPER ARTICLE PUBLICATIONS

• Khatun, N. (2014). The causes of forex reserve buildup. (The Financial Express, Date: March 02, 2014)
• Khatun, N. (2014). Investment Stability: Increasing Reserve. (The Daily News Today, Date: February 18, 2014)

SUBMITTED PAPERS

• Khatun, N., Asebedo, S., Finke, M. S. (2025). Retirement Savings Dynamics: Investigating the Relationship between Well-Being Indicators and Retirement Savings Behavior. Financial Service Review
• Khatun, N., Lacombe, D. J., Asebedo, S.D. (2025). Measuring the Determinants of Financial Skill in U.S. Adults: A Bayesian Truncated LASSO Approach. Journal of Financial Counseling and Planning
• Khatun, N., Evers, M., Lacombe, D. J., Guillemette, M. (2025). The relationship between property damage and flood insurance take-up rates after Hurricane Harvey. Journal of Financial Counseling and Planning, Special Issue on Climate Finance

WORKING PAPERS

• Khatun, N., Lacombe, D. J., Asebedo, S., McCoy, M., Durband, D. B. (2025). The Impact of Financial Literacy on Financial Well-Being: State-level Variation Using a Multilevel Regression Analysis.
• Khatun, N., Lacombe, D. J., Asebedo, S., Durband, D. B., McCoy, M. (2026). Financial Worry or Awareness? A Multilevel Probit Analysis of How Frequently Individuals Reflect on Their Personal Finances.
• Khatun, N., Lacombe, D. J., McCoy, M. (2025). The Role of Financial literacy in improving financial wellbeing. 
• Khatun, N., Reiter, M., Koochel, E. (2025). Impact of gender on Fintech adoption: A Study on Personal Financial Planning (PFP) Students, Texas Tech University (TTU).
• Khatun, N., Evers, M., Lacombe, D. J., Guillemette, M. (2026). Examining the three shocks to the flood insurance market in Texas: Hurricane Harvey, COVID-19, and Risk Rating 2.0.
• Guillemette, M., Khatun, N. (2025). The Association between investment knowledge and fees for nonretirement accounts

CONFERENCE PRESENTATIONS

• Khatun, N., Lacombe, D. J., Asebedo, S., Durband, D. B., McCoy, M. (2025). The Impact of Financial Literacy on Financial Well-Being: State-level Variation Using a Multilevel Regression Analysis. Paper Presented at the 2025 American Council on Consumer Interests (ACCI) Annual Conference, Pittsburg, Pennsylvania
• Khatun, N., Asebedo, S., Finke, M. S. (2024). Retirement Savings Dynamics: Investigating the Relationship between Well-Being Indicators and Retirement Savings Behavior. Paper Presented at the 2024 CFP Connections Conference, Washington D.C.
• Khatun, N., Lacombe, D. J. (2023). Financial skill in the U.S. adult population: Measuring the determinants using Truncated Regression Model. Paper Presented at the 2023 American Council on Consumer Interests (ACCI) Annual Conference, Las Vegas, Nevada
• Khatun, N., Lacombe, D. J., McCoy, M. (2023). The role of Financial Literacy in improving financial wellbeing. Paper Presented at the 2023 CFP Annual Academic Research Colloquium (ARC), Arlington, Virginia

AREAS OF CONCENTRATION
Research Topics
• Corporate Finance • Financial Well-being • Positive Psychology
• Econometrics • Financial Literacy • FinTech
• Financial Markets & Institutions • Financial Planning • Risk Management & Insurance
• Retirement Planning • Consumer Behavior • Demutualization

Research Methods
• Bayesian Econometrics
(LASSO, Truncated LASSO, Model Averaging)
• Difference-in-Difference method
• Spatial Econometrics
• Mixed Effects
• Linear and Ordinal Regression
• Logistic and Truncated Regression
• Poisson Regression
• Ridge Regression
• Machine Learning based

Predictive Modeling
• Structural Equation Modeling (SEM)
• Negative Binomial Regression
• Neural Network

Statistical Programming
• Python • R • Stata • SPSS • Mplus

Teaching
•Principles of Finance • Risk Management & Insurance • Behavioral Finance
•Financial Management • Business Finance • Financial market & Institution
•Investment Management • Real Estate • Macroeconomics
•Retirement Planning • Business Statistics • Securities Industry Essentials
•Estate Planning • Household Economic Theory • FinTech

AWARDS AND SCHOLARSHIPS

• Best Research, Research & Development Symposium by School of Financial Planning, TTU 2023
• CFP Board Dalton Education Scholarship 2023
• ACCI Student/Young Professional Conference Scholarship 2023
• Betty Splawn Lowder Endowed Scholarship, School of Financial Planning, TTU 2023-24
• Prestigious Doctoral Excellent RA Scholarship, School of Financial Planning, TTU 2023
• Diversity, Equity & Inclusion Scholarship, Lubbock Chapter of the Association for Women 2022
• AFCPE Symposium Scholarship 2022
• Dr. William J. Carter Scholarship, College of Human Sciences, TTU 2022-23
• Margaret W. Weeks Scholarship, College of Human Sciences, TTU 2022-23
• AFCPE Symposium Scholarship 2021
• TRIP Match HS Scholarship, College of Human Sciences, TTU 2021-22
• JT & Margaret Talkington Scholarship, Graduate School, TTU 2020-23
• CH Foundation Scholarship, Graduate School, TTU 2020-21
• Fatema Iqbal Trust Fund Award for Excellence in BBA Result, University of Dhaka 2012
• Shamsun Nahar Mahmud Award for Excellence in BBA Result, University of Dhaka 2012
• Scholarship awarded by Comilla Board for Topmost result in Higher Secondary Exam 2008
• Scholarship awarded by Comilla Board for Excellence in Secondary School Exam 2006
• Intercity Best Debate Award, Comilla, Bangladesh 2006
• Junior Scholarship awarded by Comilla Board 2003

SERVICE
Texas Tech University Community Outreach, Financial Educator, Knowledge Empowering You (KEY) Outreach Program 2022-2024
Judge 3-Minute Thesis Competition 2023
Annual Arts & Humanities Conference 2022
East West University Organizer Graduate student Job fair 2020
Member Finance Major Course Curriculum Development Committee 2019-2021
Skills for Employment Investment Program (SEIP), Executive Development Center (EDC) 2019-2021
Southeast University Organizer Annual Study Tour for Finance major students 2018
Member Internal Quality Assurance Cell (IQUACK) Committee 2017-2018

External Service
Reviewer American Council on Consumer Interest (ACCI) 2023-Present
Financial Planning Review 2023-Present
Journal of Financial Counseling and Planning (JFCP) 2024-Present
Pro bono Financial Planning Curriculum 2025
Associations Financial Management Association (FMA) 2023-Present
American Council on Consumer Interest (ACCI) 2023-Present
Association for Financial Counseling & Planning Education (AFCPE) 2022-Present
The Association for Women in Communication (AWC) 2022-Present

PROFESSIONAL DEVELOPMENT, TRAINING, CERTIFICATION
• Training on “Groundwork Program-Teaching Essentials in Classroom” for Graduate Students organized by: TTU, Duration: 4 Days, 12 hours (January 29 to February 1, 2024)
• Certification for “Graduate Research Strategies” in association with Graduate School, TTU, organized by: TTU Library, Duration: 10 Class (August to October 2022)
• Human Subject Training on “Social and Behavioral Research”, TTU (August 2021)
• Training on Virtual Distance Teaching & Learning, organized by PFP, TTU (August 2022)
• Certification for “Research Methodology” & “Research Proposal Writing” organized by: East West University Center for Research and Training (EWUCRT) Duration: 10 Class (From September 01, 2019, to December 31, 2019)
• Certification for “Advanced STATA” & “Basic STATA” Duration: 20 Week (From January 2017 to January 2018) Organized by: Institute of Research and Training (IRT), Southeast University
• Certification for “Practical Aspects of IFRS for Academicians of University” organized by The Institute of Chartered Accountants of Bangladesh (ICAB) Duration: 10 Class (From April to June 2016)
• Certification for Technical Analysis (Ami Broker Software) Duration: 1 month (From June 1 to June 30, 2012) Organized by: Stock Bangladesh Limited, Dhaka, Bangladesh

CONFERENCES ATTENDED
Certified Financial Planner (CFP) Connections Conference 2024 Washington D.C.
Financial Management Association (FMA) Annual Meeting 2024 Dallas, Texas
American Council on Consumer Interests (ACCI) 2025, 2023 Las Vegas,Pittsburgh
Certified Financial Planner (CFP) Board Conference 2023, 2022, 2021 Washington, D.C.
CFP Annual Academic Research Colloquium (ARC) 2023, 2021 Arlington, Virginia
CFP Diversity Summit 2023, 2021 Virtual
Association for Financial Counseling & Planning Education (AFCPE) 2022 Orlando, Florida