David Johnstone

David Johnstone is a Professor at The University of Sydney, affiliated with the BUS department. His research focuses on accounting theory and standards. He completed a PhD in the Faculty of Economics at the University of Sydney in 1985. He has held academic positions in Australia, New Zealand, and the US, including a Visiting Assistant Professor role at the University of California Berkeley from 1987 to 1989. He was the National Australia Bank Professor of Finance at the University of Sydney from 2007 to 2017. Currently, he is a Professor in the Faculty of Business and Law at the University of Wollongong. He has been involved in major consulting activities by various regulatory agencies in Australia and was recently appointed to the Australian Energy Regulator’s Panel of Experts.

David Johnstone is a Professor of Finance at Sydney University, specializing in financial markets and risk analysis. His research explores the prediction of corporate bankruptcy, credit rating changes, and the impact of information on market behavior. He investigates the cost of capital, market liquidity, and the role of uncertainty in financial decision-making. His work also examines behavioral aspects of trading, such as the house money effect and the endowment effect in stock markets. Johnstone's studies often focus on empirical evaluation and statistical frameworks to assess market efficiency and investor behavior. His research contributes to understanding the interplay between information, risk, and financial outcomes.