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David Rakowski

Name

[Rakowski, David]
  • Associate Professor, Department of Finance and Real Estate
  • PhD

Biography

Dr. David Rakowski is an Associate Professor of Finance at the University of Texas at Arlington.  His Ph.D. is from Georgia State University and his B.B.A. is from Stetson University. Dr. Rakowski’s interests include interdisciplinary research methodologies, pedagogy of finance, and the empirical analysis of mutual fund flows, market liquidity, portfolio management, and financial geography.  Teaching interests include research methodology, healthcare finance, and financial markets.    

Professional Preparation

    • 2003 PhD in FinanceGeorgia State University
    • 1996 BBA, with Honors in Business Administration (History),  Stetson University

Appointments

    • Aug 2017 to Present Associate Professor, with Tenure
      University of Texas at Arlington
    • July 2013 to Aug 2017 Assoc Prof
      University of Texas at Arlington
    • Aug 2013 to May 2015 Adjunct Associate Professor
      Southern Illinois University Carbondale
    • Aug 2010 to July 2013 Associate Professor, with Tenure
      Southern Illinois University Carbondale
    • Aug 2003 to Aug 2010 Assist Professor
      Southern Illinois University Carbondale

Memberships

  • Membership
    • Nov 2016 to Present European Finance Association
    • Aug 2001 to Present Financial Management Association
    • Aug 2001 to Present American Finance Association

Research and Expertise

  • Research interests in investment management, investment performance measurement, and investor behavior.

    Dr. Rakowski’s interests include interdisciplinary research methodologies, pedagogy of finance, and the empirical analysis of mutual fund flows, market liquidity, portfolio management, and financial geography.  Teaching interests include research methodology, healthcare finance, and financial markets.  

Publications

      Journal Article 2017
      Journal Article 2015
      • Zhang, Y., and D. Rakowski. 2015. Emerging Market Demand and the Changing Dynamics of the Price of Gold. International Journal of Economics and Finance 7 (7).

        {Journal Article }
      2015

      Journal Article 2014
      • Time-Varying Flow-Performance Sensitivity and Investor Sophistication, with Steve Nenninger. 2014.  Journal of Asset Management 15 (5): 333-345.

        {Journal Article }

      Journal Article 2013
      • Mutual Fund Liquidity and Fiduciary Conflicts of Interest, with Miles Livingston.  2013.  Journal of Applied Finance 23 (2).

        {Journal Article }

      Journal Article 2012
      • Financing a Loss, with Eahab Elsaid.  2012. Accounting and Finance Research (1) 1.

        {Journal Article }

      Book Chapter 2011
      • “Educational technologies for the neomillennial generation” with R. Kaplan Rakowski. 2011. in E. Dunkels, G-M Franberg, C. Hallgren (Eds.), Interactive media use and youth: Learning, knowledge exchange and behavior. Hershey, PA: Information Science Reference.

        {Book Chapter }

      Journal Article 2011
      • Capacity and Factor Timing Effects in Active Portfolio Management, with Conrad Ciccotello, Jason Greene, and Leng Ling.  2011, Journal of Financial Markets 14 (2): 277-300.

        {Journal Article }

      Journal Article 2010
      • Fund Flow Volatility and Performance. 2010. Journal of Financial and Quantitative Analysis (45): 223-237. 
        {Journal Article }

      Journal Article 2009
      •  The dynamics of short-term mutual fund flows and returns: A time-series and cross-sectional investigation, with     Xiaoxin Wang. 2009, Journal of Banking and Finance 33 (11) 2102-2109.

        {Journal Article }

      Journal Article 2008
      •  The Antecedents of Simultaneous Appointments to CEO and Chair, with Dave Davidson, Yixi Ning, and Eahab Elsaid.  2008, Journal of Management and Governance 12:381-401.

        {Journal Article }
      2008
      • Decomposing Illiquidity Along the Limit Order Book, with Xiaoxin Wang.  2008, Journal of Banking and Finance 32: 1687-1698.

        {Journal Article }

      Journal Article 2007
      • Daily Mutual Fund Flows and Redemption Policies, with Jason Greene and Charles          Hodges.  2007, Journal of Banking and Finance 31: 3822-3842. 

        {Journal Article }

Presentations

    • June  2017
      Institutional Investor Preferences: Evidence from Exchange-traded Notes
      Presented “Institutional Investor Preferences: Evidence from Exchange-traded Notes”, (co-authored with Sara Shirley and Jeff Stark) at FMA 2016 Annual Meeting, Las Vegas, Nevada; 2017 EFA Annual Meeting, Jacksonville, FL; EFMA 2017 Annual Meeting, Athens, Greece.
  • Past
    •  
      The Uniqueness of Exchange Traded Notes

      Presented “The Uniqueness of Exchange Traded Notes” (co-authored with Sara Shirley) at FMA Europe Conference (Venice, Italy), Summer 2015.

  • Past
    •  
      Demand for Financial Innovation: Evidence from Exchange-traded Notes

      Presented “Demand for Financial Innovation: Evidence from Exchange-traded Notes" (co-authored with Sara Shirley) at UTA Research Incubator Seminar Series, Spring 2016.

  • Past
    •  
      The Market Response to Mutual Fund Holdings Disclosures

      Presented “The Market Response to Mutual Fund Holdings Disclosures” (co-authored with Jason Greene and Conrad Ciccotello) at the UTA Research Incubator Seminar Series, Fall 2014.

  • Past
    •  
      The Market Response to Mutual Fund Holdings Disclosures

      Presented “The Market Response to Mutual Fund Holdings Disclosures” (co-authored with Jason Greene and Conrad Ciccotello) at the FMA Annual Meetings, Chicago, IL, October 2013.

  • Past
    •  
      Geography and Local (Dis)advantage: Evidence from Muni Bond Funds

      Presented “Geography and Local (Dis)advantage: Evidence from Muni Bond Funds” (co-authored with Saiying Deng) at FMA Europe Conference (Porto, Portugal).

  • Past
    •  
      Geography and Local (Dis)advantage: Evidence from Muni Bond Funds

      Presented “Geography and Local (Dis)advantage: Evidence from Muni Bond Funds” (co-authored with Saiying Deng) at the Erasmus Asset Management Conference (Rotterdam, Netherlands), Summer 2011.

  • Past
    •  
      Dollar-Weighted vs. Time-Weighted Returns: Timing and Scale Effects from Flows in Open-End Mutual Funds

      Presented "Dollar-Weighted vs. Time-Weighted Returns: Timing and Scale Effects from Flows in Open-End Mutual Funds" (co-authored with Jason Greene, Conrad Ciccotello, Leng Ling) at the 2007 FMA Conference in Orlando, Florida.

  • Past
    •  
      Information and Liquidity Factors in Short-term Mutual Fund Flows

      Presented "Information and Liquidity Factors in Short-term Mutual Fund Flows" (co-authored with X. Wang Beardsley) at the 2005 SFA Conference in Key West, Florida.

  • Past
    •  
      Fund Flow Volatility and Performance

      Presented “Fund Flow Volatility and Performance” at the 2003 WFA conference in Los Cabos, Mexico, and at the 2003 FMA conference in Denver, Colorado.

  • Past
    •  
      Redemption Policies and Daily Mutual Fund Flows

      Presented "Redemption Policies and Daily Mutual Fund Flows" (co-authored with J. Greene and C. Hodges) at the 2002 FMA Europe Conference in Copenhagen, Denmark, and at the 2001 SFA Conference in Destin, Florida.

  • Past
    •  
      The Market Response to Mutual Fund Holdings Disclosures

      Presented “The Market Response to Mutual Fund Holdings Disclosures” (co-authored with Jason Greene and Conrad Ciccotello) at the University of Luxembourg, Fall 2011.

  • Past
    •  
      The Market Response to Mutual Fund Holdings Disclosures

      The Market Response to Mutual Fund Holdings Disclosures, with Jason Greene and Conrad Ciccotello.  Presented at MFS Conference (Krakow, Poland), Summer 2012.

Projects

  • 2015
    • Aug 2015 to Present Institutional Investor Preferences: Evidence from Exchange-traded Notes

      S. Shirley, J. Stark, and D. Rakowski.  Accepted for presentation at FMA 2016 Annual Meeting, Las Vegas, Nevada. 

      Role: Co-PI PI:
  • 2014
    • July 2014 to Present Demand for Financial Innovation: Evidence from Exchange Traded Notes

      S. Shirley and D. Rakowski.  Presented at UTA Research Incubator Seminar Series, Spring 2016; FMA European Conference, Venice, Italy, Summer 2015.  Available at: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2779952

      Role: Co-PI PI:
    • July 2014 to Present The US Presidential Cycle and the Foreign Exchange Market

       with Salil Sarkar and Samar Ashour. 

      Role: Co-PI PI:
    • Mar 2014 to Present The Market Response to Mutual Fund Holdings Disclosures

      J. Greene and C. Ciccotello.  Presented at the MFS Conference (Krakow, Poland), Summer 2012; University of Luxembourg, Winter 2011.

      Role: Co-PI PI:

Support & Funding

This data is entered manually by the author of the profile and may duplicate data in the Sponsored Projects section.
    • Apr 2019 to Present UTA CoB Faculty Research Grant sponsored by  - $2000
    • Jan 2019 to Present Mutual Funds as Cross-border Venture Capitalists sponsored by  - $10000
    • Aug 2018 to Aug 2019 Explaining Airport Bond Returns and Determining the Cost of Debt Capital sponsored by  - $12000

Students Supervised

  • Doctoral
    • Present
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      Dissertation Committe Member

    • Present
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      Dissertation Committee Member

  • Master's
  • Undergraduate Honor's Thesis
    • Present

Collaborators

    • thumbnail
      Duration : Mar 2016 to Present

      Mutual Fund Flows and Cross-listed Stocks

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      Duration : May 2015 to Present

      U.S. Presidential Cycles and the Foreign Exchange Market

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      Duration : Apr 2014 to Present

      Analysts' Earning Surprises and the Timing of Mergers and Acquisitions

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      Duration : July 2010 to Present

      How Does Mutual Fund Disclosure Harm Fund Performance?

      Evidence from Stock-Level Data

Courses

Other Teaching Activities

  • 2014
    • Dissertation Committee Member
      • May 2014 Student: Jeff Starks
    • Dissertation Committee Co-chair
      • May 2014 A detailed examination of ETNs, by Sara Shirley
  • 2015
    • Dissertation Committee Member
      • 2015 Yiling Zhang
    • Independent Study Project Supervision
      • Oct 2015 Mitul Naik: (MBA) Independent Study, 2015.
  • 2013
    • Dissertation Committee Chair
      • Apr 2013 Student: Wei Zhang
  • 2017
    • Dissertation Committee Member
      • 2017 Samar Ashour
    • Dissertation Committee Member
      • Oct 2017 Dissertation Committee Member

        Dissertation Committee Member, Mohammed Alhashim

    • Honors Internship Supervision
      • Oct 2017 Wahib Muhammad: (undergraduate) UTA Honors Internship, 2017.
    • Honors Contract
      • Oct 2017 Sanjari Chelawat: (undergraduate) UTA Honors Project, 2017.
  • 2016
    • Honors Project and Thesis
      • Oct 2016 Shivam Arora: (undergraduate) UTA Honors Project and Thesis, 2016.
  • 2018
    • Dissertation Committee Co-chair
      • Aug 2018 TBA

        Mohammed Alhashim

Service to the Profession

  • Volunteered
    • Jan 2008 to  Present SAS Customer Advisory Panel, 2008-present.

      SAS Customer Advisory Panel, 2008-present.

  • Other
    • Jan 2003 to  Present Ad-hoc reviewer.

      Ad-hoc reviewer for the Journal of Banking and Finance, Review of Finance, Managerial Finance, Global Finance Journal, Financial Review, Journal of Management and Governance, Corporate Governance: An International Review, The Quarterly Journal of Economics and Finance, African Journal of Business Management, International Review of Economics and Finance.

    • Jan 2011 to  Present Textbook reviewer.

      Textbook reviewer for Oxford University Press (Principles of Finance with Excel) and Routledge Publishing (Investment Essentials).

Service to the University

  • Appointed
    • Sept 2013 to  Present UTA COB Strategic Plan Teaching Load Committee

      UTA COB Strategic Plan Teaching Load Committee

    • Sept 2013 to  Sept 2014 Department of Finance and Real Estate, Recruiting Committee

      Department of Finance and Real Estate, Recruiting Committee

    • Sept 2013 to  Sept 2014 UTA COB, HCAD Recruiting Committee

      UTA COB, HCAD Recruiting Committee

    • Dec 2013 to  Present Department of Finance and Real Estate, Journal Rankings

      Department of Finance and Real Estate, Journal Rankings

    • Sept 2014 to  Present Department of Finance and Real Estate, MSQF Graduate Studies Committee

      Department of Finance and Real Estate, MSQF Graduate Studies Committee

    • Sept 2014 to  Present UTA COB, Assurance of Learning Committee

      UTA COB, Assurance of Learning Committee

    • Jan 2015 to  Present Department of Finance and Real Estate, Recruiting Committee.

      Department of Finance and Real Estate, Recruiting Committee for Gould-Mayfield Professorship, 2015-2016.

    • Aug 2018 to  Present Chair, Finance and Real Estate Department Chair Search Committee

      Chair, Finance and Real Estate Department Chair Search Committee