Mark Hirschey

Refereed Journal Articles

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"The January Effect," Financial Analysts Journal, vol. 62, no. 5 (September/October 2006), 78-88. (with Mark Haug)

"Firm Size and the Effect of R&D on Tobin's q," R&D Management, vol. 35, no. 2 (March 2005), 217-223. (with Robert A. Connolly)

"Are Scientific Indicators of Patent Quality Useful to Investors?" Journal of Empirical Finance, vol. 11, no. 1 (February 2004): 91-107. (with Vernon J. Richardson). Abstract published in Journal of Economic Literature, vol. 42, no. 2 (June 2004): G14, O32, O34.

"Investor Underreaction to Goodwill Write-offs,"Financial Analysts Journal, vol. 59, no. 6 (November/December 2003): 75-84. (with Vernon J. Richardson) (Lead article)

"Extreme Return Reversal in the Stock Market: Strong Support for Insightful Fundamental Analysis," Journal of Portfolio Management, vol. 29, no. 3 (Spring 2003): 78-90. Abstract published in Journal of Economic Literature, vol. 42, no. 3 (September 2003): G14.

"Information Content of Accounting Goodwill Numbers," Journal of Accounting & Public Policy, vol. 21, no. 3 (Autumn 2002), 173-191. (with Vernon J. Richardson) (Lead article)

"Value Relevance of Nonfinancial Information: The Case of Patent Data," Review of Quantitative Finance & Accounting, vol. 17, no. 3 (November 2001): 223-235. (With Vernon J. Richardson and Susan Scholz) (Lead article)

"Cisco and the Kids," Financial Analysts Journal, vol. 57, no. 4 (July/August 2001): 48-59; and "Cisco and the Kids: Author's Response," Financial Analysts Journal, vol. 57, no. 5 (September/October 2001): 16.

"Valuation Effects of Patent Quality: A Comparison for Japanese and U.S. Firms," Pacific Basin Finance Journal, vol. 9, no. 1 (January 2001): 65-72. (With Vernon J. Richardson.)

"Reaction of Bank Stock Prices to Loan-Loss Reserve Announcements," Review of Quantitative Finance & Accounting, vol. 15, no. 3 (November 2000): 277-297. (with Dianne Scott Docking and Elaine Jones)

"Stock-Price Effects of Internet Buy-Sell Recommendations: The Motley Fool Case," Financial Review, vol. 35, no. 2 (May 2000): 147-174. (With Vernon J. Richardson and Susan Scholz.)

"The ‘Dogs of the Dow’ Myth," Financial Review, vol. 35, no. 2 (May 2000): 1-16. (Lead article)

"How ‘Foolish’ Are Internet Investors?" Financial Analysts Journal, vol. 56, no. 1 (January/February 2000): 62-69. (With Vernon J. Richardson and Susan Scholz.)

Recent Issues in Corporate Finance and Investments, Advances in Financial Economics, Volume 5, Amsterdam, The Netherlands: Elsevier Science, 2000. (With Kose John, and Anil Makhija, eds.)

"How Much is a Tulip Worth?" Financial Analysts Journal, vol. 54, no. 4 (July/August 1998): 11-17; and "How Much is a Tulip Worth?: Author's Response," Financial Analysts Journal, vol. 55, no. 2 (March/April 1999): 9.(Note: University of Kansas, School of Business, 1999 Guy O. Maybry Research Fellow Award Winner for the best published paper or scholarly book by a senior School of Business faculty member during the prior year).

"Market Structure and the Value of Growth," Managerial and Decision Economics, vol. 18, no. 3 (May 1997): 247-254. (with Keith W. Chauvin)

"Information and Contagion Effects of Bank Loan-Loss Reserve Announcements," Journal of Financial Economics, vol. 43, no. 2 (February 1997): 219-239. (with Dianne Scott Docking and Elaine Jones) Abstract published in Journal of Economic Literature, vol. 35, no. 3 (September 1997): 1687.

"Goodwill, Profitability, and the Market Value of the Firm," Journal of Accounting and Public Policy, vol. 13, no. 2 (Summer 1994): 159-180. (with Keith W. Chauvin)

"Advertising, R&D Expenditures and the Market Value of the Firm," Financial Management, vol. 22, no. 4 (Winter 1993): 128-140. (with Keith W. Chauvin)

"Size Effects in the Market Capitalization of Fundamental Factors," Financial Analysts Journal, vol. 48, no. 2 (March/April 1992): 91-95. (with Richard S. Spencer)

"Bank Debt, Insider Trading, and the Return to Corporate Selloffs," Journal of Banking and Finance, vol. 14, no. 1 (March 1990): 85-98. (with Myron B. Slovin and Janis K. Zaima) Abstract published in Journal of Economic Literature, vol. 30, no. 2 (June 1992):1211.

"The Valuation Effects of Corporate Name Changes: What's in a Name?" Financial Management, vol. 18, no. 4 (Winter 1989): 64-73. (with Jean-Claude Bosch)

"Insider Trading, Ownership Structure and the Market Assessment of Corporate Sell-offs," Journal of Finance, vol. 46, no. 4 (September 1989): 971-980. (with Janis K. Zaima) Abstract published in Journal of Economic Literature, vol. 26, no. 1 (March 1990): 469-470.

"Union Rent-Seeking, Intangible Capital, and Market Value of the Firm," Review of Economics and Statistics, vol. 68, no. 4 (November 1986): 567-577. Abstract published in Journal of Economic Literature, vol. 25, no. 3 (September 1987): 1693. (with Robert A. Connolly and Barry T. Hirsch)

"Mergers, Buyouts and Fakeouts," American Economic Review, vol. 76, no. 2 (May 1986): 317-322.

"Amortization Policy for Advertising and Research and Development," Journal of Accounting Research, vol. 23, no. 1 (Spring 1985): 326-335. (with Jerry J. Weygandt)

"Market Structure and Market Value," Journal of Business, vol. 58, no. 1 (January 1985): 89-98. Abstract published in Journal of Economic Literature, vol. 23, no. 3 (September 1985): 1629.

"R&D, Market Structure and Profits: A Value-Based Approach," Review of Economics and Statistics, vol. 66, no. 4 (November 1984): 682-686. (with Robert A. Connolly)

"Accounting and Market Value-Based Measures of Profitability: Consistency, Determinants and Uses," Journal of Business and Economic Statistics, vol. 2, no. 4 (October 1984): 375-383. (with Dean W. Wichern)

"Indicators and Causes of Size Advantages in Industry," Managerial and Decision Economics, vol. 4, no. 2 (June 1983): 64-72. (with Dean W. Wichern) Abstract published in Journal of Economic Literature, vol. 22, no. 2 (June 1984): 957.

"Intangible Capital Aspects of Advertising and R&D Expenditures," Journal of Industrial Economics, vol. 30, no. 4 (June 1982): 375-390.

"Advertising and the Profitability of Leading and Following Firms," Managerial and Decision Economics, vol. 3, no. 2 (June 1982): 79-84.

"Market Power and Foreign Involvement by U.S. Multinationals," Review of Economics and Statistics, vol. 64, no. 2 (May 1982): 343-346.

"Economies of Scale in Advertising," Managerial and Decision Economics, vol. 3, no. 1 (March 1982): 24-29.

"Regulatory and Life Cycle Influences on Managerial Incentives," Southern Economic Journal, vol. 48, no. 2 (October 1981): 327-334; and "Regulatory and Life Cycle Influences on Managerial Incentives: Reply," Southern Economic Journal, vol. 50, no. 1 (July 1983): 267-269. (with James L. Pappas) Abstract published in Journal of Economic Literature, vol. 20, no. 1 (March 1982): 488.

"Market Power and Manufacturer Leasing," Journal of Industrial Economics, vol. 30, no. 1 (September 1981): 39-47. (with James L. Pappas) Abstract published in Journal of Economic Literature, vol. 20, no. 2 (June 1982): 947.

"The Effect of Advertising on Industrial Mobility, 1947-1972," Journal of Business, vol. 54, no. 2 (April 1981): 329-339. Abstract published in Journal of Economic Literature, vol. 19, no. 4 (December 1981): 1929.

Letters (Short Refereed Articles)

"Managerial Equity Ownership and Bank Performance: Entrenchment or Size Effects?" Economics Letters, vol. 64, no. 2 (August 1999): 209 213.

"Firm Size and R&D Effectiveness: A Value-Based Test," Economics Letters, vol. 32, no. 3 (March 1990): 277-281. (with Robert A. Connolly)

"Market Value and Patents: A Bayesian Approach," Economics Letters, vol. 27, no. 1 (1988): 83 87. (with Robert A. Connolly)

"Multinational Involvement and Risk," Economics Letters, vol.19, no. 3 (1985): 261 265.

"Suboptimal Plant Capacity in U.S. Manufacturing," Economics Letters, vol. 12, no. 1 (1983): 73 79.

"Modeling Competitive Rivalry Using Census Data," Economics Letters, vol. 10, no. 2 (1982): 153 160.

"R&D Intensity and Multinational Involvement," Economics Letters, vol. 7, no. 1 (1981): 87 93.

"Managerial Incentives in the Financial Sector," Economics Letters, vol. 3, no. 3 (1979): 269 274. (with Gregory J. Werden)

"Television Advertising and Profitability," Economics Letters, vol. 1, no. 3 (1978): 259 264.

Articles in Edited Books

"Organization Structure and Corporate Governance: A Survey," in Mark Hirschey, Kose John and Anil Makhija (eds.), Corporate Governance and Finance, Advances in Financial Economics, vol. 8 (2003), Amsterdam, The Netherlands: Elsevier Science, 65-112.

"The Role of Federal Law Enforcement Actions in Corporate Governance," in Mark Hirschey, Kose John and Anil Makhija (eds.), Advances in Financial Economics, vol. 6 (2001), Amsterdam, The Netherlands: Elsevier Science: 117-141. (with Elaine Jones)

"Ownership Structure and Capital Structure," in Mark Hirschey and M. Wayne Marr (eds.), Advances in Financial Economics, vol. 2 (1996), Greenwich, CN: JAI Press: 25-46. (with Keith W. Chauvin)

"Long-term Performance and Financial Policies of Shark Repellent-Adopting Firms," in Mark Hirschey and M. Wayne Marr (eds.), Advances in Financial Economics, vol. 1 (1995), Greenwich, CN: JAI Press: 155-181. (with Elaine Jones)

"The Global Variation in Financial Ratios," in Mark Hirschey and M .Wayne Marr (eds.), Advances in Financial Economics, vol. 1 (1995), Greenwich, CN: JAI Press: 17-35. (with Paul D. Koch)

"Ownership Structure and Profitability," in David B. Audretsch and John J. Siegfried (eds), Empirical Studies in Industrial Organization: Essays in Honor of Leonard W. Weiss. The Netherlands: Kluwer Academic Publishers, 1992: 237-251. (with Mark Fedenia) Abstract published in Journal of Economic Literature, vol. 31, no. 4 (December 1993): 2081.

Dissertation Research

Incentive Contracting for Railroad Subsidies: A Statistical Approach to Cost Control," Land Economics, vol. 56, no. 3 (August 1980): 366-379. Abstract published in Journal of Economic Literature, vol. 19, no. 1 (March 1981): 451.

"Estimation of Cost Elasticities for Light Density Railroad Freight Service," Land Economics, vol. 55, no. 3 (August 1979): 366-378. Abstract published in Journal of Economic Literature, vol. 18, no. 2 (June 1980): 955.

"Railroad Freight Service: A Challenge for New Public Policy," Public Policy, vol. 27, no. 1 (Winter 1979): 49-68.

"Rail Service Subsidies - A Critical Analysis of the Program," Quarterly Review of Economics and Business, vol. 18, no. 2 (Summer 1978): 39-53. Abstract published in Journal of Economic Literature, vol. 16, no. 4 (December 1978): 1790.

An Incentive Contract Methodology for Subsidized Railroad Freight Services, University of Wisconsin-Madison (1977).