RSU Business Faculty Published in Peer-reviewed Journal

Dr. David JohnkDr. David Johnk, Assistant Professor of Business at Rogers State University, co-authored an article published this summer by the Journal of Behavioral Finance.

The article, entitled “Time-Varying Market Price of Risk and Investor Sentiment: Evidence from a Multivariate GARCH Model,” appears in the latest issue of the quarterly peer-reviewed academic journal that covers research related to studying the effects of psychological, social, cognitive and emotional factors on economic decisions.

Dr. Johnk co-authored the article with Gökçe Soydemir, who serves as Endowed Chair and Foster Farms Professor of Business Economics for California State University-Stanislaus.

In the article, the authors describe how they used a particular model for estimating financial volatility to determine how it would impact the capital asset pricing model, which is used to help calculate investment risk and expected rates of return. The research advances understanding of the effect of investor sentiment, particularly the irrational component, on asset prices.

Dr. Johnk joined RSU in 2013 after previously teaching at the University of Texas Pan American. He holds a bachelor’s degree in mechanical engineering from North Dakota State University, a master’s degree in technology management from the University of Texas-San Antonio and a doctorate in finance from the University of Texas Rio Grande Valley.

He also coauthored the forthcoming article titled “The Impact of Securitization and Bank Liquidity Shocks on Bank Lending: Evidence from the U.S.,” which was accepted in June for publication in the Banking and Finance Review. He also has been published in the Journal of Economics and Finance, the International Journal of Services and Standards, and the North American Journal of Finance and Banking Research.