Positions

Research Areas research areas

Overview

  • Stephen Ciccone is an Associate Professor of Finance. He holds Bachelor's and Master's degrees in Accounting from the University of Florida and a Ph.D. in Finance from Florida State University. He is a Certified Public Accountant, formerly employed by Arthur Andersen. He has been a professor at the University of New Hampshire since 2000 and chaired the Accounting and Finance Department from 2013-2022. Among his research interests are stock return properties, analyst forecasts, and behavioral finance.

    • Selected Publications

    Academic Article

    Year Title
    2023 Audit partner characteristics, career advancement and audit quality in the USA.  Managerial Auditing Journal.  38:389-418. 2023
    2020 Too much liquidity? Seemingly excess cash for innovative firms.  The Financial Review (Statesboro).  55:121-144. 2020
    2019 Rising R&D-Cash Sensitivity and Seemingly Excess Cash.  Financial Review.  2019
    2018 The Fortunes of War and Aircraft Manufacturer Stock Returns: The Case of the Korean War.  Eastern Economic Journal.  44:211-241. 2018
    2018 Investing During Major Depressions, Recessions, and Crashes.  International Journal of Business Management and Commerce.  3:1-6. 2018
    2016 The financial performance of aircraft manufacturers during world war II: the vicissitudes of war.  Defence and Peace Economics.  27:743-773. 2016
    2012 Voluntary Environmental Regulation and Firm Performance: The Chicago Climate Exchange.  Journal of Alternative Investments.  15:114-122. 2012
    2011 Analyst Forecasts, Forecasting Complexity, and Financial Distress.  Financial Decisions.  23:1-35. 2011
    2011 Investor Optimism, False Hopes and the January Effect.  Journal of Behavioral Finance.  12:158-168. 2011
    2010 The Search For A Dog-Free Portfolio: Why Unions Matter To Investors.  Journal of Business and Economics Research.  8. 2010
    2008 Do Utility Stocks Provide Exposure To Bond Markets?.  Journal of Business and Economics Research.  7. 2008
    2008 A Month-By-Month Examination of Long-Term Stock Returns.  Investment Management and Financial Innovations.  5:8-18. 2008
    2007 Analyst Forecasts in New Zealand.  Investment Management and Financial Innovations.  4:25-32. 2007
    2006 Insider Trading and Earnings Reporting: Evidence of Managerial Optimism or Opportunism?.  Advances in Investment Analysis and Portfolio Management.  2:123-146. 2006
    2005 The Tech Industry or the Regulated Industry: Which One has the True Glamour Stocks?.  Journal of Financial Service Professionals.  59:64-74. 2005
    2005 Trends in analyst earnings forecast properties.  International Review of Financial Analysis.  14:1-22. 2005
    2004 Analyst earnings forecast trends in Pacific Rim countries.  Managerial Finance.  30:19-35. 2004
    2003 Does Analyst Optimism About Future Earnings Distort Stock Prices?.  Journal of Behavioral Finance.  4:59-64. 2003
    2003 Forecast dispersion and error versus size, book-to-market ratio and momentum: A comparison of anomalies from 1992 to 2001.  The Journal of Asset Management.  3:333-344. 2003
    2003 International Differences in Analyst Forecast Properties 2003
    2003 Play Ball at My House: The Value of Naming Rights in Sports Complexes.  Southern Business and Economic Journal.  26:103-118. 2003
    2002 GAAP versus Street Earnings: Making Earnings Look Higher and Smoother.  Accounting Enquiries.  11:155-186. 2002
    2002 Improvement in the Forecasting Ability of Analysts 2002
    2001 Analyst Forecast Properties, Financial Distress, and Business Risk 2001
    2001 Analyst Forecasts and Stock Returns 2001
    2000 Trading Commissions, Portfolio Turnover Rates, and Wealth Accumulation.  Journal of Research in Finance.  3. 2000

    Article

    Year Title
    2020 The Effect of Labor Mobility on Firm Innovation 2020
    2011 Voluntary Environmental Regulation and Firm Performance: The Chicago Climate Exchange.  The Journal of Alternative Investments.  2011
    2010 Analysts Do Not Like Dividends! Evidence from Stock Recommendations 2010
    2010 Analysts Do Not Like Dividends! Evidence from Stock Recommendations 2010
    2009 Investor Optimism, False Hopes, and the January Effect 2009
    2009 Analysts Do Not Like Dividends! Evidence from Stock Recommendations 2009
    2008 A Month-by-Month Examination of Long-Term Stock Returns.  Investment Management and Financial Innovations.  2008
    2007 Analyst Forecasts, Forecasting Complexity, and Financial Distress 2007
    2007 Analyst Forecasts, Forecasting Complexity, and Financial Distress 2007
    2007 Analyst Forecasts in New Zealand.  Investment Management and Financial Innovations.  2007
    2007 Analysts' Annual Forecasts and Quarterly Earnings Releases 2007
    2006 Analyst Forecasts in New Zealand 2006
    2006 Using Debt to Pay Dividends 2006
    2006 Using Debt to Pay Dividends 2006
    2006 Using Debt to Pay Dividends 2006
    2005 Analyst Forecasts in New Zealand 2005
    2005 Analysts' Annual Forecasts and Quarterly Earnings Releases 2005
    2005 Using Debt to Pay Dividends 2005
    2004 Analysts' Annual Forecasts and Quarterly Earnings Releases 2004
    2004 Analysts' Annual Forecasts and Quarterly Earnings Releases 2004
    2004 Insider Trading and Earnings Reporting: Evidence of Managerial Optimism or Opportunism? 2004
    2004 Insider Trading and Earnings Reporting: Evidence of Managerial Optimism or Opportunism? 2004
    2003 Insider Trading and Earnings Reporting: Evidence of Managerial Optimism or Opportunism? 2003
    2003 Play Ball at My House: The Value of Naming Rights In Sports Complexes 2003
    2003 The Tech Industry or the Regulated Industry: Which One has the True Glamour Stocks? 2003
    2003 The Tech Industry or the Regulated Industry: Which One has the True Glamour Stocks? 2003
    2003 Trends in Analyst Earnings Forecast Properties 2003

    Chapter

    Year Title
    2009 Dividend Irrelevance Theory.  97-113. 2009

    Conference Paper

    Year Title
    2017 Dual-Class Voting Structure and Firm Value 2017
    2016 Measuring Investment Performance Using Alternative Benckmarks 2016
    2014 The Fortunes of War and Aircraft Manufacturer Stock Returns: The Case of the Korean War 2014
    2013 Intelligence and Individual Trading: Evidence from a Simulation 2013
    2013 Intelligence and Individual Trading: Evidence from a Simulation 2013
    Agenda Setting, Climate Change, and Portfolio Selection
    Audit Partner Characteristics, Career Advancement, and Audit Quality in the U.S.
    Audit partner characteristics, career advancement and audit quality in the USA
    Dual-class voting structure and firm value: Evidence from France
    The Fortunes of War and Aircraft Manufacturer Stock Returns: The Case of the Korean War.  Eastern Economic Journal, 2018.

    Teaching Activities

  • Honors Thesis in Finance Taught course
  • Intro to Financial Management Taught course
  • Investments Taught course
  • Investments Taught course
  • Wildcat Investment Taught course
  • Wildcat Investment Taught course
  • Top/Alternative Investments Taught course 2023
  • Wildcat Investment Taught course 2023
  • Investments Taught course 2023
  • Wildcat Investment Taught course 2022
  • Investments Taught course 2022
  • Finance Experience Taught course 2022
  • Wildcat Investment Taught course 2022
  • Investments Taught course 2022
  • Wildcat Investment Taught course 2021
  • Investments Taught course 2021
  • Investments Analysis Taught course 2021
  • Wildcat Investment Taught course 2020
  • Special Projects & Ind Study Taught course 2020
  • Investments Taught course 2020
  • Independent Study Taught course 2020
  • Investments Analysis Taught course 2020
  • Independent Studies in Finance Taught course 2020
  • Independent Study Taught course 2020
  • Internships in Finance Taught course 2020
  • Wildcat Investment Fund Taught course 2020
  • Investments Taught course 2020
  • Ind Studies in Accounting Taught course 2019
  • Wildcat Investment Fund Taught course 2019
  • Investments Analysis Taught course 2019
  • Independent Study Taught course 2019
  • Internships in Accounting Taught course 2019
  • Wildcat Investment Fund Taught course 2019
  • Investments Taught course 2019
  • Internships in Accounting Taught course 2018
  • Intro to Financial Management Taught course 2018
  • Wildcat Investment Fund Taught course 2018
  • Investments Analysis Taught course 2018
  • Investments Taught course 2018
  • Independent Studies in Finance Taught course 2018
  • Independent Study Taught course 2018
  • Internships in Accounting Taught course 2018
  • Wildcat Investment Fund Taught course 2018
  • Intro to Financial Management Taught course 2017
  • Wildcat Investment Fund Taught course 2017
  • Independent Study Taught course 2017
  • Internships in Accounting Taught course 2017
  • Investments Analysis Taught course 2017
  • Ind Studies in Accounting Taught course 2017
  • Internships in Accounting Taught course 2017
  • Internships in Finance Taught course 2017
  • Wildcat Investment Fund Taught course 2017
  • Internships in Accounting Taught course 2016
  • Intro to Financial Management Taught course 2016
  • Wildcat Investment Fund Taught course 2016
  • Investments Analysis Taught course 2016
  • Investments Analysis Taught course 2016
  • Internships in Accounting Taught course 2016
  • Internships in Finance Taught course 2016
  • Wildcat Investment Fund Taught course 2016
  • Internships in Accounting Taught course 2015
  • Intro to Financial Management Taught course 2015
  • Wildcat Investment Fund Taught course 2015
  • Investments Analysis Taught course 2015
  • Internships in Finance Taught course 2015
  • Internships in Accounting Taught course 2015
  • Internships in Finance Taught course 2015
  • Intro to Financial Management Taught course 2015
  • Wildcat Investment Fund Taught course 2015
  • Internships in Accounting Taught course 2014
  • Internships in Finance Taught course 2014
  • Intro to Financial Management Taught course 2014
  • Wildcat Investment Fund Taught course 2014
  • Investments Analysis Taught course 2014

    • Education And Training

  • B.S. Accounting, University of Florida
  • M.S. Accounting, University of Florida
  • Ph.D. Finance, Florida State University

    • Full Name

  • Stephen Ciccone