Office: Public Policy 329
Financial Economics, Public Finance, Financial Literacy.
“New Evidence on Whether Gold Mining Stocks are More like Gold or like Stocks,” Alternative Investment Analyst Review, 2016, volume 5, pp. 31-38. (with M. Johnson)
The Location of Initial Public Offering Headquarters: An Empirical Investigation” Journal of Economics and Finance, 2016, volume 40, pp. 1-18 (with M. Cichello)
Gauging the Financial Capability of Americans,” Business Economics, 2015, volume 50, pp. 135-146. (with M. Johnson) Article selected to receive the Abramson Award for outstanding article in Business Economics in the past year.
“Investment and Saving and the Euro Crisis: A New Look at Feldstein-Horioka” Journal of Economics and Business, 2014, volume 76, pp. 101-114. (with M. Johnson)
“Portfolio Performance Measures: A Case Study Using the Legg Mason Value Trust Mutual Fund” Advances in Financial Education, 2014, pp. 11-21. (with M. Johnson)
“Changes in Gasoline Prices and Consumer Sentiment” Journal of Applied Business and Economics, 2012, pp. 43-51. (with M. Johnson)
“Galbraith on Advertising, Credit, and Consumption: A Retrospective and Empirical Investigation” 2008 Review of Political Economy, volume 20, pp. 595-611.
“Does Consumer Sentiment Foretell Revolving Credit Use?” Journal of Family and Economic Issues, 2008, volume 29, pp. 279-288.
“Event Studies and the Analysis of Antitrust” International Journal of the Economics of Business, 2006, volume 13, pp. 229-245. (with M. Cichello)
“New Estimates of the Equity Risk Premium and Why We Need Them,” Business Economics, 2002, volume 37, pp. 54-60.
“Can P.S. 27 Turn a Profit? Provision of Public Education by For-Profit Suppliers,” Contemporary Economic Policy, 2001, volume 19, 280-290.
“Implementing and Interpreting Event Studies of Regulatory Changes,” Journal of Economics and Business, 2001, volume 53, 171-183.
“Handle with Care: Cost of Equity Estimation with the Discounted Dividend Model When Corporations Repurchase,” Applied Financial Economics, 2001, volume 11, 483-487.
“New Results on Stock Prices and Fundamental Value,” The Journal of Investing, 2001, volume 10, 67-69.
“Estimating the Cost of Equity for Corporations that Repurchase: Theory and Application,” Engineering Economist, 2001, volume 46, 53-63.
“Valuation with the Discounted Dividend Model When Corporations Repurchase,” Financial Practice and Education, 2000, volume 10, 252-255.
“Event Studies of Regulation and New Results on the Effect of the Cigarette Advertising Ban,” Journal of Regulatory Economics, 1999, volume 16, 187-201.
“Social Science Research in School Finance Court Cases,” Knowledge, Technology, and Policy, 1998, volume 11, 107-126.
“School Choice: Taking Stock and Looking Ahead,” Education Economics, 1997, volume 5, 211-244. (with M. Mintrom)
“Student Attendance as an Independent Variable in Education Production Functions: Evidence from Baltimore Public Elementary Schools,” Journal of Educational Research, 1996, volume 89, pp. 155-162.
“Testing for the Effect of School Size on Student Achievement within a School District,” Education Economics, 1995, volume 3, 33-42.
“Shareholder Taxation and Aggregate Dividend Payout: Evidence from the Tax Reform Act of 1986,” Review of Quantitative Finance and Accounting, 1993, volume 3, 459-468.
“Measuring the Market Response to Regulation of the Cable TV Industry,” Journal of Regulatory Economics, 1993, volume 5, 385-399. (with K. Carroll)
“Ex-Dividend Day Share Price Behavior: Effects of the Tax Reform Act of 1986,” Review of Economics and Statistics, 1993, volume 75, 778-783. (with C. Hiemstra)
Chapters in Books
“The Contracting Out of Instructional Services,” in Restructuring Education: Innovations and Evaluations of Alternative Systems,” S. Hakim, J. Stull, and D. Ryan, eds., (Westport, CT: Praeger), 2000, 209-227.
“School Choice as Policy Reform: Issues and Approaches,” in Restructuring Education: Innovations and Evaluations of Alternative Systems,” S. Hakim, J. Stull, and D. Ryan, eds., (Westport, CT: Praeger), 2000, 129-153. (with M. Mintrom)
“Valuation with the Discounted Dividend Model for Repurchasing Corporations: Theory and Application,” Advances in Financial Planning and Forecasting, volume 10, C.F. Lee, ed., (Amsterdam: JAI Press), 2001, pp. 37-47.
The Managerial Economics Reader, (Oxford, UK: Blackwell), 1994.
“Consumer Knowledge and Financial Decisions: Lifespan Perspectives” (New York: Springer), 2012. (Also translated in Korean.)
(For a complete list of publications, see Curriculum Vitae)