Assistant Professor of Economics
Economics, Finance and Information Systems Dept
Daytona College of Business
Daytona Beach campus

Office Hours

MW 9:50 - 10:50, MW 13:00 - 14:00, or online at statfineceducator@gmail.com or by appointment

Areas of Expertise

Industrial Organization

Microeconomics

Financial Economics

Applied Econometrics

Economics, Finance in Aviation


Dr. Jayendra Gokhale is Assistant Professor at the College of Business at the Daytona Beach Campus of Embry Riddle Aeronautical University. He received his Ph.D. in Economics at Oregon State University.

His areas of research are Financial Economics, Industrial Organization and applied Micro‐econometrics. He has taught Principles of Microeconomics and Macroeconomics, Money and Banking, International Economics, Corporate Finance and Econometrics.

He has worked for the Finance and Treasury Divisions of General Electric and Axis Bank (India).

He completed his MBA in Finance at the Indian Institute of Management, Kozhikode.

His undergraduate major is in Biochemical Engineering from the Indian Institute of Technology,Delhi.

Jayendra has published in Journal of International Economics and Finance, Journal of Wine Economics, International Journal of Economics and Finance, Quarterly Review of Economics and Finance and the Journal of Behavioral Finance. His research interests are in industry research, event studies in aviation and non‐aviation, new techniques to determine noise trading in financial markets and motion pictures.

Jayendra is currently a member of American Economic Association and Southern Economic Association. Jayendra is on the Editorial Board of International Journal of Economics and Finance, Applied Finance and Accounting, Asian Journal of Arts and Social Sciences and the International Interdisciplinary Business-Economics Advancement Journal.


  • Ph.D. - Doctor of Philosophy in Economics, Oregon State University

EC 211 Macroeconomics
BA332: Corporate Finance I
FIN 620 Air Transport Econometric Modelling

BA805 Statistics and Multivariate Analysis


“Airline Stock Market Performance and Change in Investor Behavior over the Great Recession of 2008”, with Rebecca Wood, (forthcoming, 2018), International Journal of Economics and Accounting,

“Product Life Cycles: New Products, Quality and Advertising in the Movie Market,” with Wesley W. Wilson, Journal of International Business and Economics, 17 (4), 2017, 119-140.

“Misvaluation and Behavioral Bias in Financial Markets,” with Victor J. Tremblay and Carol Horton Tremblay, Journal of Behavioral Finance, 16 (4), 2015, 344-356.

“The Effect on Weather Delays on Shareholder Value: Evidence from the Airline Industry”, with Sunder Raghavan, Journal of International Finance and Economics, 15 (2), 2015; 67-72.

“The Effect on Stockholder’s Wealth on Critical Systems Failure and Remedy: The Boeing 787 Case”, with Sunder Raghavan and Victor J. Tremblay, Journal of International Finance and Economics, 14 (2), 2014; PP 213-220.

“Valuation Bias and Profit Opportunities in Financial Markets”, with Elizabeth Schroeder and Victor J. Tremblay, International Journal of Economics and Finance; Vol. 6, No. 4; 2014.

“The effect on stockholder wealth of product recalls and government action: The case of Toyota's accelerator pedal recall”, with Raymond M. Brooks and Victor J. Tremblay, The Quarterly Review of Economics and Finance (2014), DOI: 10.1016/j.qref.2014.06.004.

“Competition and Price Wars in the U.S. Brewing Industry,” Journal of Wine Economics, 7 (2), 226-240, August 2012, with Victor J. Tremblay


Working Papers: 

“Study of the Effect of Flipped Classroom on Student Learning in Finance”, with Kathryn Cunningham (under review)

"Information Technology and Airline Stocks: A Case Study of IT Failures in Passenger Airlines in 2016", (under review)

“Competition and Industry profile in the Passenger Airline Industry of the United States”, with Hari Adhikari and Sunder Raghavan (working paper)

“Are Airline Stocks Pro-cyclical? – Evidence from the Financial Markets”, with Sunder Raghavan (working paper)

"Dividends and Dividend Growth in Corporations - A Mathematical Analysis", with Hari Adhikari (working paper)