Stephen Ciccone

Associate Professor of Finance
603.862.3343
Stephen [dot] Ciccone [at] unh [dot] edu

Fields of Specialization:

Stock return anomalies, international corporate governance, and analyst forecast issues

Education:

Ph.D., Business Administration (Finance), Florida State University
Master of Accounting, University of Florida
B.S., Accounting, University of Florida
Certified Public Accountant (Florida) since 1995

Biography:

Recent Research:

Ciccone, S., Ang, J. S. (2009). Dividend Irrelevance Policy (Book Chapter) (pp. 97-113). Hoboken, NJ: Dividends and Dividend Policy.

Ciccone, S., Etebari, A. (2008). A Month-by-Month Examination of Long-Term Stock Returns. Investment Management and Financial Innovations, 5(3), 8-18.

 Ciccone, Stephen J. and Thomas A. Rocco. 2005. "The Tech Industry or the Regulated Industry: Which One has the True Glamour Stocks?" Journal of Financial Service Professionals, vol. 59, no. 5 (September): 64-74.

Ciccone, Stephen J. 2005. "Trends in Analyst Earnings Forecast Properties." International Review of Financial Analysis, vol. 14, no. 1: 1-22.

Boyer, Carol, Stephen J. Ciccone, and Wei Zhang. 2005. "Insider Trading and Earnings Reporting: Evidence of Managerial Optimism or Opportunism." Advances in Investment Analysis and Portfolio Management (forthcoming).

Ciccone, Stephen J. and Ahmad Etebari. 2004. "Analyst Earnings Forecast Trends in Pacific Rim Countries." Managerial Finance, vol. 30, no. 7: 19-35.

Boyer, Carol, Stephen J. Ciccone, Yvette S. Harman, and Philip G. Swicegood. 2003. "Play Ball at My House: The Value of Naming Rights in Sports Complexes." Southern Business and Economic Journal , vol. 26, nos. 3 and 4 (Summer/Fall): 103-118.

Ciccone, Stephen J. 2003. "Does Analyst Optimism about Future Earnings Distort Stock Prices?" Journal of Behavioral Finance, vol. 4, no. 2: 59-64.

Ciccone, Stephen J. 2003. "Forecast Dispersion and Error versus Size, Book-to-Market Ratio, and Momentum: A Comparison of Anomalies from 1992 to 2001." Journal of Asset Management, vol. 3, no. 4 (March): 333-344.

Ciccone, Stephen J. 2002. "GAAP Versus Street Earnings: Making Earnings Look Higher and Smoother." Accounting Enquiries, vol. 11, no. 2 (Spring/Summer): 155-186. Abstract Download

Reprinted in the ICFAI Journal of Accounting Research, a journal of the Institute of Chartered Financial Analysts of India: vol. 3, no. 1 (January 2004): 59-68.

Benesh, Gary A. and Stephen J. Ciccone. 2000. "Trading Commissions, Portfolio Turnover Rates, and Wealth Accumulation." Journal of Research in Finance, vol. 3, nos. 1 and 2 (Summer/Winter): 152-171.

Stephen J. Ciccone and Ahmad Etebari. "Analyst Forecasts in New Zealand," Investment Management and Financial Innovation

Working Papers:

"Analyst forecasts and stock returns" (with James S. Ang)

"International differences in analyst forecast properties" (with James S. Ang)

"Analyst forecast properties, financial distress, and business risk"

"Dividend policy and signaling theory? Evidence against signaling using analyst forecast properties"

"Trends in analyst earnings forecast properties"

"The tech industry or the regulated industry: Which one has the true glamour stocks?"

Personal Web Site:
http://pubpages.unh.edu/~sciccone/index.htm