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David Rakowski

Name

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

Biography

Dr. David Rakowski is an Associate Professor of Finance in the College of Business at the University of Texas at Arlington (UTA). He received his Ph.D. degree in Finance from Georgia State University, in 2003 and joined UTA in 2013. Rakowski’s research focuses on Research Methodology, Portfolio Management, Geography of Finance, and Market Liquidity. His work has appeared in the Journal of Financial Markets, Journal of Financial and Quantitative Analysis, Journal of Banking and Finance, Journal of Management and Governance, Journal of Asset Management, Journal of Applied Finance. At UTA, Rakowski primarily teaches Financial Institutions and Markets at the undergraduate and Healthcare Financial Management at the graduate levels.

Education

    • 2003 PhD in Finance
      Georgia State University, 2003
    • 2003 PhD in Finance
      Georgia State University, 2003
    • 2003 PhD in Finance
      Georgia State University, Atlanta, Georgia, 2003
    • 1996 BBA in Business Administration
      Stetson University, DeLand, Florida, 1996
    • 1996 BS in Business Administration
      Stetson University, 1996
    • 1996 BS in Business Administration
      Stetson University, 1996

Awards and Honors

    • Dec  2011 Outstanding Researcher sponsored by SIUC College of Business

Research Interests

Research Methodology, Portfolio Management, Geography of Finance, Market Liquidity

Publications

      Journal Article Accepted
      • Stock repurchases and the components of equity compensation: The impact of SFAS 123R
        [Quillan, Bonnie, Rakowski, David, Sarkar, SalilK]. Quarterly Journal of Finance and Accounting.
      Accepted
      • Is all that Twitters Gold? Social Media Attention and Stock Returns
        [Rakowski, David, Stark, Jeff, Shirley, Sara]. Financial Management.
      Revising to Resubmit
      • What Drives the Market for Exchange-Traded Notes?
        [Rakowski, David, Shirley, Sarae]. Journal of Banking and Finance.

      Journal Article 2019
      • The US Presidential Cycle and the Foreign Exchange Market
        [Sarkar, SalilK, Rakowski, David, Ashour, Samar]. Review of Financial Economics. 37, 523-540.
      2019

      Journal Article 2018 2018
      • Cash Flow and Discount Rate Risk in the Investment Effect: A Downside Risk Approach
        [Yamani, Ehab, Rakowski, David]. Quarterly Journal of Finance.

      Journal Article 2017
      • Tail-Risk Hedging, Dividend Chasing, and Investment Constraints: The Use of Exchange-Traded Notes by Mutual Funds
        [Rakowski, David, Shirley, SaraE, Stark, Jeffrey]. Journal of Empirical Finance.

      Journal Article 2015 2015 2015
      • A Note on the Sources of Portfolio Returns: Underlying Stock Returns and the Excess Growth Rate
        [Rakowski, David]. Critical Finance Review. 4(1), 117-138. DOI http://dx.doi.org/10.2139/ssrn.1802591
      2015
      • Emerging Market Demand and the Changing Dynamics of the Price of Gold
        [Rakowski, David, Zhang, Yiling]. International Journal of Economics and Finance. 7(7), DOI http://dx.doi.org/10.5539/ijef.v7n7p56
      2015
      • A Note on the Sources of Portfolio Returns: Underlying Stock Returns and the Excess Growth Rate
        [Rakowski, David, Greene, Jason]. Critical Finance Review. 4(1), 117-138. DOI http://dx.doi.org/10.1561/104.00000025

      Book Chapter 2011
      Journal Article 2011

Presentations

    • July  2019
      RAKOWSKI, DAVID (Author & Presenter), Diltz, JohnD, Nguyen, Anh, "The impact of mutual fund flows on stock returns: A new approach using foreign stock listings", FMA, Ho Chi Minh City, Vietnam. (July 16, 2019).
    • June  2019
      Rakowski, David, Diltz, JohnD, Nguyen, Anh, "The impact of mutual fund flows on stock returns: A new approach using foreign stock listings", VICIF, Da Nang, Vietnam. (June 24, 2019).
    • June  2018
      RAKOWSKI, DAVID (Author & Presenter), Shirley, Sara (Author), Stark, Jeffrey (Author), "Twitter activity, investor attention, and the diffusion of information", FMA, Kristiansand, Norway. (June 8, 2018).
    • February  2018
      RAKOWSKI, DAVID (Author & Presenter), Shirley, Sara (Author), Stark, Jeffrey (Author), "Twitter activity, investor attention, and the diffusion of information", MFA Annual Meetings, San Antonio, TX. (February 1, 2018).
    • October  2017
      Rakowski, David, Shirley, Sara, Stark, Jeff, "Is all that Twitters Gold? Social Media Attention and Stock Returns", UCLA. (October 19, 2017).
    • October  2017
      Rakowski, David, Shirley, Sara, Stark, Jeff, "Is all that Twitters Gold? Social Media Attention and Stock Returns, with S. Shirley and J. Stark", UTA, UTA. (October 4, 2017).
    • June  2017
      Rakowski, David, Shirley, Sara, Stark, Jeff, "Institutional Investor Preferences: Evidence from Exchange-traded Notes", EFMA, Athens, Greece. (June 30, 2017).
    • April  2017
      Rakowski, David, Shirley, Sara, Stark, Jeff, "Institutional Investor Preferences: Evidence from Exchange-traded Notes", EFA, Jacksonville, FL. (April 7, 2017).
    • January  2016
      RAKOWSKI, DAVID, Shirley, SaraE, "The Uniqueness of Exchange Traded Notes", UTA, Room 609, UTA. (January 20, 2016).
    •  2015
      Rakowski, David, "The Uniqueness of Exchange Traded Notes", Venice, Italy. ( , 2015).
    •  2014
      Rakowski, David, Greene, Jason , Ciccotello, Conrad, "The Market Response to Mutual Fund Holdings Disclosures7". ( , 2014).
    • June  2011
      Rakowski, David, "Geography and Local (Dis)advantage: Evidence from Muni Bond Funds", Erasmus Asset Management Conference, Rotterdam, Netherlands. (June , 2011).
    • May  2011
      Rakowski, David, "Geography and Local (Dis)advantage: Evidence from Muni Bond Funds", FMA Europe Conference, Porto, Portugal. (May , 2011).

Support & Funding

This data is entered manually by the author of the profile and may duplicate data in the Sponsored Projects section.
    • Aug 2018 to Aug 2019 Risk factors and/or cost of capital for airport-related bond issuers sponsored by  - $12000
      David Rakowski (Funded)

Students Supervised

    • Present
      Anh Nguyen, Proposal planned early 2020 (Finance and Real Estate)
      Three essays in international mutual fund flows
    • Present
      Harsh Drolio, (Finance and Real Estate)
      Factor models of investment anomalies
    • Present
      Nima Vafai, Proposal expected early 2020 (Finance and Real Estate)
      Three essays on factor models for the cross-section of stock returns
    • Aug 2019
      Shivam Arora, Funding Amount: $12,000. Airport Cooperative Research Program Graduate Research Awards Program, Old Dominion University Research Foundation on behalf of the Virginia Space Grant Consortium. (Finance and Real Estate)
      Explaining Airport Bond Returns and Determining the Cost of Debt Capital
    • May 2019
      Juveria Muhammad, (Finance and Real Estate)
      A Comparison of the US and European Banking Industries
    • May 2019
      Mohammed Alhashim, (Finance and Real Estate)
      Behavioral Explanations of Investors’ Herding in Financial Markets
    • May 2018
      Wahib Muhammad,
      Volatility Portfolios
    • May 2018
      Sanjari Chelawat,
      Modeling Bond Yields and Fixed Income Mutual Fund Returns
    • May 2018
      Shivam Arora,
      Identification of Leaders and Followers in US-Listed Indian ADRs and Domestic Listings of Underlying Stocks
    • May 2017
      Samar Ashour, I was chair until 2015 when Dr. Hao took over as chair.
    • Mar 2016
      Yiling Zhang, I was dissertation committee chair until 2015 when Dr. Diltz took over as chair.

Teaching Interests

Financial Markets, Research Methodology, Healthcare Finance

Courses

      • BSAD 6399-043 DISSERTATION
        (Course Id: 100880)
        Spring - Regular Academic Session - 2020
      • BSAD 6699-043 DISSERTATION
        (Course Id: 100881)
        Spring - Regular Academic Session - 2020
      • FINA 3315-001 INVESTMENTS
        (Course Id: 100686)
        Spring - Regular Academic Session - 2020
      • HCAD 5316-050 HEALTHCARE FINANCE
        (Course Id: 112916)
        Fall - Regular Academic Session - 2019 Download Syllabus
      • FINA 3315-002 INVESTMENTS
        (Course Id: 100686)
        Fall - Regular Academic Session - 2019 Download Syllabus
      • FINA 6301-001 SEMINAR THE THEORY OF FINANCE
        (Course Id: 100730)
        Fall - Regular Academic Session - 2019 Download Syllabus
      • UNIV-BU 1131-007 STUDENT SUCCESS
        (Course Id: 101210)
        Fall - Regular Academic Session - 2019 Download Syllabus
      • EMBA 5309-001 ACCESSING CAPITAL MARKETS
        (Course Id: 110761)
        Spring - Regular Academic Session - 2019 Download Syllabus
      • FINA 3317-001 FINANCIAL INSTIT & MARKETS
        (Course Id: 100687)
        Spring - Regular Academic Session - 2019 Download Syllabus
      • HCAD 5316-040 HEALTHCARE FINANCE
        (Course Id: 112916)
        Spring - Regular Academic Session - 2019 Download Syllabus
      • BHNR 4394-043 HONORS THESIS/SENIOR PROJECT
        (Course Id: 101012)
        Spring - Regular Academic Session - 2019 Download Syllabus
      • FINA 3317-001 FINANCIAL INSTIT & MARKETS
        (Course Id: 100687)
        Fall - Regular Academic Session - 2018 Download Syllabus
      • HCAD 5316-050 HEALTHCARE FINANCE
        (Course Id: 112916)
        Fall - Regular Academic Session - 2018 Download Syllabus
      • FINA 3317-001 FINANCIAL INSTIT & MARKETS
        (Course Id: 100687)
        Spring - Regular Academic Session - 2018 Download Syllabus
      • HCAD 5316-040 HEALTHCARE FINANCE
        (Course Id: 112916)
        Spring - Regular Academic Session - 2018 Download Syllabus
      • FINA 3317-001 FINANCIAL INSTIT & MARKETS
        (Course Id: 100687)
        Fall - Regular Academic Session - 2017 Download Syllabus
      • HCAD 5316-050 HEALTHCARE FINANCE
        (Course Id: 112916)
        Fall - Regular Academic Session - 2017 Download Syllabus
      • FINA 3317-001 FINANCIAL INSTIT & MARKETS
        (Course Id: 100687)
        Spring - Regular Academic Session - 2017 Download Syllabus
      • FINA 5315-040 HEALTH CARE FINANCIAL MANAGEME
        (Course Id: 100706)
        Spring - Regular Academic Session - 2017 Download Syllabus
      • EMBA 5309-001 Accessing Capital Markets for Global Operations
        Spring - 2016
      • FINA 3317-001 FINANCIAL INSTIT & MARKETS
        (Course Id: 100687)
        Spring - Regular Academic Session - 2016 Download Syllabus
      • FINA 5315-040 HEALTH CARE FINANCIAL MANAGEME
        (Course Id: 100706)
        Spring - Regular Academic Session - 2016 Download Syllabus
      • FINA 3317-001 FINANCIAL INSTIT & MARKETS
        (Course Id: 100687)
        Fall - Regular Academic Session - 2015
      • FINA 5315-050 HEALTH CARE FINANCIAL MANAGEME
        (Course Id: 100706)
        Fall - Regular Academic Session - 2015
      • BSAD 6399-043 DISSERTATION
        (Course Id: 100880)
        Spring - Regular Academic Session - 2015
      • FINA 3317-001 FINANCIAL INSTIT & MARKETS
        (Course Id: 100687)
        Spring - Regular Academic Session - 2015 Download Syllabus
      • FINA 5315-040 HEALTH CARE FINANCIAL MANAGEME
        (Course Id: 100706)
        Spring - Regular Academic Session - 2015 Download Syllabus
      • BSAD 6399-043 DISSERTATION
        (Course Id: 100880)
        Fall - Regular Academic Session - 2014
      • FINA 3317-001 FINANCIAL INSTIT & MARKETS
        (Course Id: 100687)
        Fall - Regular Academic Session - 2014 Download Syllabus
      • FINA 5334-001 FINANCIAL INSTITUTIONS/MARKETS
        (Course Id: 100721)
        Fall - Regular Academic Session - 2014 Download Syllabus
      • FINA 3317-001 FINANCIAL INSTIT & MARKETS
        (Course Id: 100687)
        Spring - Regular Academic Session - 2014
      • FINA 5382-001 INDEPENDENT STUDIES IN FINANCE
        (Course Id: 100726)
        Spring - Regular Academic Session - 2014
      • FINA 3317-001 FINANCIAL INSTIT & MARKETS
        (Course Id: 100687)
        Fall - Regular Academic Session - 2013
      • FINA 5334-001 FINANCIAL INSTITUTIONS/MARKETS
        (Course Id: 100721)
        Fall - Regular Academic Session - 2013

Service to the University

    • Sept 2019 to  Present Peer Teaching Evaluator
      Peer Teaching Evaluator
      Evaluated FINA3315 by Dr. Yibing Du, Fall 2019 Evaluated FINA3315 by Dr. Salil Sarkar, Summer 2019
    • Mar 2019 to  Present Faculty Mentor
      UTA CRTLE Faculty Mentoring Program
    • Feb 2019 to  Present Committee Chair
      Expectations and Values Committee
      Committee suspended as COB has already adopted policies
    • Jan 2019 to  Present Committee Member
      Undergraduate Program Committee
    • Dec 2018 to  Present Committee Chair
      MSRE Graduate Studies Committee
    • Jan 2017 to  Present Committee Member
      HCAD Graduate Studies Committee
    • 2014 to  Present
      UTA COB, Assurance of Learning Committee
    • Aug 2019 to  Aug 2019 Peer Teaching Evaluator
      Peer Teaching Evaluator
      Evaluated FINA3315 by Salil Sarkar, Summer 2019
    • Oct 2018 to  May 2019
      Canvas Early Adopter
    • Aug 2018 to  May 2019 Committee Member
      Gould Mayfield Professor Recruiting Committee
    • Oct 2018 to  Jan 2019 Task Force Member
      Trading Room Ad-hoc task force
    • 2018 to  2018 Committee Chair
      Finance and Real Estate Department Chair Search Committee
    • 2017 to  2018 Committee Member
      HCAD Director Search Committee
    • 2014 to  2018 Committee Member
      Department of Finance and Real Estate, MSQF Graduate Studies Committee
    • 2013 to  2017 Committee Member
      UTA COB Strategic Plan Teaching Load Committee
    • 2013 to  2014
      Department of Finance and Real Estate, Recruiting Committee
    • 2013 to  2014
      UTA COB, HCAD Recruiting Committee

Service to the Profession

    • Jan 2013 to  Present
      Reviewer, Ad Hoc Reviewer
      Journals
      Ad-hoc reviewer for the Journal of Banking and Finance, Review of Finance, Journal of Financial Research, Journal of International Money and Finance, Managerial Finance, Review of Accounting and 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, Quantitative Finance and Economics, International Journal of Financial Studies, Economies, North American Journal of Economics and Finance, Proceedings of the National Conference of Undergraduate Research, Research in International Business and Finance.
    • 2018 to  2019
      Committee Member
      2019 FMA Annual Meetings
    • 2018 to  2019
      Committee Member (Orlando, FL, USA)
      SFA Annual Meetings
    • Nov 2018 to  Feb 2019
      Committee Member (Glasgow, Scotland)
      2019 FMA Europe Conference
    • Aug 2018 to  Nov 2018
      Committee Member (Cambridge, UK)
      2018 FMA Consortium on Factor Investing
    • Aug 2018 to  Oct 2018
      Committee Member (Houston, TX, United States)
      Southwest Finance Association Annual Meeting
    • Nov 2017 to  Feb 2018
      Committee Member (Kristiansand, Norway)
      2018 FMA Europe Conference