Wayne State University School of Business Administration

John D. Wagster

Associate Professor of Finance

ad4437@wayne.edu
(313) 577-4537

Academic Degrees

  • Ph.D. in Finance,Texas A&M University, 1992
  • MS in Finance, Texas A&M University, 1986
  • BS in Transportation, The University of Tennessee, 1974

Teaching Interests

  • Banking and Depository Institutions
  • Corporate Finance
  • International Finance
  • International Banking

Research Interests

  • International Bank Regulation
  • International Finance 
  • Monetary Policy and Deposit Insurance Issues

Professional Experience & Certification

  • Wayne State University, 1997-present, Associate Professor of Finance.
  • Wayne State University, 1992-1997,  Assistant Professor of Finance.
  • Texas A&M University, 1988-1992, Teaching and Research Assistant.
  • Wagster, Wagster and Gypsy, Bryan/College Station, TX, 1981-1988. Contracting/consulting.
  • Roadway Systems, Springfield, MO/Nashville, TN, 1977-1981. Front line management.
  • Ralston Purina Company, St. Louis, MO, 1974-1977. Company executive.

Publications & Presentations

Publications

  • "Wealth and Risk Effects of Adopting Deposit Insurance in Canada: Evidence of Risk Shifting by Banks and Trust Companies,” Journal of Money, Credit and Banking, 39 (October 2007), 1649-1679.
  • “The Wealth Effect of Risk-Based Capital Regulation on the Life Insurance Industry,” (with R.M. Shelor and R.C. Wolf). Journal of Insurance Regulation, 21 (Fall 2002), 29-42.
  •  “Dividend Imputation and Shareholder Wealth: The Case of New Zealand,” (with A. Prevost and R.P. Rao). Journal of Business Finance and Accounting, 29 (Sept./Oct. 2002), 1079-1104.
  • "The Basle Accord of 1988 and the International Credit Crunch of 1989-1992," Journal of Financial Services Research 15 (March 1999), 123-143.
  • Reprinted in The Regulation and Supervision of Banks, Maximilian J.B. Hall, editor (Edward Elgar Publishing Limited, United Kingdom: August 2001). This four-volume set is a part of The International Library of Critical Writings in Economics series. 
  •  "The Causality Effects of the Federal Reserve's Monetary Policy on U.S. and Eurodollar Interest Rates," (with M. Mougoué). Financial Review 32 (November 1997), 185-208.
  • "Impact of the 1988 Basle Accord on International Banks," Journal of Finance 51 (September 1996), 1321-1346.
  • Reprinted in The Regulation and Supervision of Banks, Maximilian J.B. Hall, editor (Edward Elgar Publishing Limited, United Kingdom: August 2001) and in International Securities (Volume 1, Part VI, International Banking), George Philippatos and Gregory Koutmos, editors (Edward Elgar Publishing Limited, United Kingdom: June 2001). 
  • Abstracted in Contemporary Finance Digest: An Overview of Recent Finance Literature 1 (Autumn 1997), 71-72, and in the Proceedings of the 32nd Annual Conference on Bank Structure and Competition: Rethinking Bank Regulation: What Should Regulators Do? (May 1996), Federal Reserve Bank of Chicago. 
  •  "Market Reaction to National Discretion in Implementing the Basle Accord," (with J.W. Kolari, and S.K. Cooper). Journal of Financial Research 19 (Fall 1996), 339-357.
  • "The Information Content of Discount Rate Announcements Revisited," Journal of Money, Credit and Banking 25 (February 1993), 132-137.
  • "A Note on the Stock Market Effects of the Adoption of Risk-Based Capital Requirements on International Banks in Different Countries," (with S.K. Cooper and J.W. Kolari). Journal of Banking and Finance 15 (April 1991), 367-381.

Presentations

  • Financial Management Association European Conference, Turin, Italy, June 3-5, 2009. “Canadian-Bank Stability during the Great Depression: The Role of Banking Consolidation and Safety-Net Support.”
  • Southern Finance Association, Key West, FL, November 20 – 22, 2008. "Canadian-Bank Stability during the Great Depression: The Role of Banking Consolidation and Safety-Net Support.”  
  •  European Financial Management Association, Athens, Greece, June 25 – 28, 2008. “Canadian-Bank Stability during the Great Depression: The Role of Banking Consolidation and Safety-Net Support.”  
  • Financial Management Association European Conference, Prague, Czech Republic, June 4-6, 2008. “Canadian-Bank Stability during the Great Depression: The Role of Banking Consolidation and Safety-Net Support.” 
  • Southern Finance Association, Charleston, SC, November 14-17, 2007. “Canadian Bank Stability during the Great Depression: The Role of Bank Note Issuance and Finance-Act Advances.”
  • European Financial Management Association, Madrid, Spain, June 28 – July 1, 2006. "Wealth and Risk Effects of Adopting Deposit Insurance in Canada: Evidence of Risk Shifting by Banks and Trust Companies.”

Awards

  • Won the 1993 Southern Finance Association's outstanding paper award in the area of international finance.

Professional Memberships

  • American Finance Association
  • Beta Gamma Sigma
  • Financial Management Association
  • Southern Finance Association