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Mark Bagnoli

Mark Bagnoli

Professor and Olson Chair in Management

Education

Ph.D., Economics, Princeton University
B.S., Economics, University of Delaware

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Professor Bagnoli holds the Olson Chair of Management in the Krannert Graduate School of Management. He currently serves as the Accounting Academic Group Head.  He was named a Purdue University Faculty Scholar and has been a recipient of the Jay N. Ross Young Faculty Scholar Award.

Professor Bagnoli's research interests include applied game theory, information economics, voluntary disclosure, financial reporting and corporate social responsibility. He has published articles in the Journal of Accounting Research, Journal of Accounting & Economics, The Accounting Review, Journal of Political Economy, Rand Journal of Economics, Review of Economic Studies, Management Science, Journal of Finance, Review of Financial Studies, Journal of Public Economics, Journal of Economics and Management Strategy, Economic Theory, Journal of Law, Economics and Organization, Journal of Mathematical Finance, Journal of Financial Markets, and other accounting, economics and finance journals. He also serves as an occasional reviewer for more than 30 accounting, finance and economics journals.

Professor Bagnoli currently teaches financial statement analysis in the MBA program as well as the managerial and financial analytical seminars in the Accounting doctoral program. Before joining the Krannert faculty, he taught at the University of Michigan, Michigan State University and Indiana University.

 

Journal Articles

  • Bagnoli, M. & Watts, S (2017). Voluntary Assurance of Voluntary CSR Disclosure. Journal of Economics and Management Strategy, vol. 26 (1), 205-230.
  • Bagnoli, M. & Watts, S. (2015). Competitive Intelligence and Disclosure. Rand Journal of Economics, vol. 46 (4), 709-729.
  • Bagnoli, M. & Watts, S. (2015). Delegating Disclosure and Production Choices. The Accounting Review, vol. 90 (3), 835-857.
  • Bagnoli, M., Wang, T. & Watts, S. (2014). How Do Corporate Websites Contribute to the Information Environment? Evidence from the U.S. and Taiwan. Journal of Accounting and Public Policy, vol. 33 (6), 596-627.
  • Bagnoli, M. & Watts, S. (2013). Knowing Versus Telling Private Information About a Rival. Journal of Management Accounting Research, vol. 25 35-58.
  • Bagnoli, M., H. Liu & Watts, S. (2011). Family Firms, Debtholder-Stockholder Agency Costs and the Use of Covenants in Private Debt. Annals of Finance, vol. 7 (4), 477-509.
  • Bagnoli, M. & Watts, S. (2010). Oligopoly, Disclosure and Earnings Management. The Accounting Review, vol. 85 (4), 1191-1214.
  • Bagnoli, M., S. Watts & Zhang, Y. (2008). Reg FD and the Competitiveness of All-Star Analysts. Journal of Accounting and Public Policy, vol. 27 (4), 295-316.
  • Bagnoli, M., & Watts, S. (2007). Financial Reporting and Supplemental Voluntary Disclosures. Journal of Accounting Research, vol. 45 (5), 885-913.
  • Bagnoli, M., Levine, S., & Watts, S. (2006). Trading Strategies Based on Analyst Estimate Revision Clusters and Associated Corporate Information Events. Journal of Investing, vol. 15 (1), 32-42.
  • Bagnoli, M., Levine, S., & Watts, S. (2005). Analyst Estimate Revision Clusters and Corporate Events, Part I. Annals of Finance, vol. 1 (3), 245-265.
  • Bagnoli, M., & Watts, S. (2005). Conservative Accounting Choices. Management Science, vol. 51 (5), 786-801.
  • Bagnoli, M., & Bergstrom, T. (2005). Log-Concave Probability and Its Applications. Economic Theory, vol. 26 (2), 445-469.
  • Bagnoli, M., Levine, S., & Watts, S. (2005). Analyst Estimate Revision Clusters and Corporate Events, Part II. Annals of Finance, vol. 1 (4), 379-393.
  • Bagnoli, M., Clement, M., & Watts, S. (2004). Hiding in Plain Sight? Bad Earnings News Still Mostly Shows Up on Fridays and Mondays. Investor Relations Quarterly, vol. 6 (2), 15-32.
  • Bagnoli, M., & Watts, S. (2003). Selling to Socially Responsible Consumers: Competition and the Private Provision of Public Goods. Journal of Economics & Management Strategy, vol. 12 (3), 419-445.
  • Bagnoli, M., Kross, W., & Watts, S. (2002). The Information in Management's Expected Report Date: A Day Late, A Penny Short. Journal of Accounting Research, vol. 40 (5), 1275-1296.
  • Bagnoli, M., Viswanathan, S. & Holden, C. (2001). On the Existence of Linear Equilibria in Models of Market Making. Mathematical Finance, vol. 11 (1), 1-31.
  • Bagnoli, M., Penno, M., & Watts, S. (2001). Auditing in the Presence of Outside Sources of Information. Journal of Accounting Research, vol. 39 (3), 435-447.
  • Bagnoli, M., & Watts, S. (2000). The Effect of Relative Performance Evaluation on Earnings Management: A Game-Theoretic Approach. Journal of Accounting and Public Policy, vol. 19 (4-5), 377-397.
  • Bagnoli, M., & Watts, S. (2000). Chasing Hot Funds: The Effects of Relative Performance on Portfolio Choice. Financial Management, vol. 29 (3), 31-50.
  • Bagnoli, M., & Watts, S. (2000). Whisper Numbers, the Internet and Investor Relations. Investor Relations Quarterly, vol. 3 (2), 42-48.
  • Bagnoli, M., Watts, S. & Beneish, M. (2000). Earnings Expectations: How Important are the Whispers?. American Association of Individual Investors Journal, vol. 22 (5), 11-14.
  • Bagnoli, M., Beneish, M., & Watts, S. (1999). Whisper Forecasts of Quarterly Earnings Per Share. Journal of Accounting and Economics, vol. 28 (1), 27-50.
  • Bagnoli, M., & Watts, S. (1998). Information Acquisition, Information Release and Trading Dynamics. Journal of Financial Markets, vol. 1 (1), 221-252.
  • Bagnoli, M., & Lipman, B. (1996). Stock Price Manipulation Through Takeover Bids. Rand Journal of Economics, vol. 27 (1), 124-147.
  • Bagnoli, M., Salant, S., & Swierzbinski, J. (1995). Intertemporal Self-Selection with Multiple Buyers. Economic Theory, vol. 5 (3), 513-526.
  • Bagnoli, M., & Bergstrom, T. (1993). Courtship as a Waiting Game. Journal of Political Economy, vol. 101 (1), 185-201.
  • Bagnoli, M., & Lipman, B. (1992). Private Provision of Public Goods Can Be Efficient. Public Choice,
  • Bagnoli, M., & Khanna, N. (1992). Insider Trading in Financial Signaling Models. Journal of Finance, vol. 47 (5), 1905-1934.
  • Prince, R., McKee, M., Ben-David, S., & Bagnoli, M. (1992). Improving the Contingent Valuation Method: Implementing the Contribution Game. Journal of Environmental Economics and Management, vol. 23 (1), 78-90.
  • Bagnoli, M., & McKee, M. (1992). Controlling the Game: Political Sponsors and Bureaus. Journal of Law, Economics and Organization, vol. 7 (2), 229-247.
  • Bagnoli, M., Ben-David, S., & McKee, M. (1992). Voluntary Provision of Public Goods: The Multiple Good Case. Journal of Public Economics, vol. 47 (1), 85-106.
  • Bagnoli, M., & Borenstein, S. (1991). Carrot and Yardstick Competition. Journal of Regulatory Economics, 115-136.
  • Bagnoli, M., & Khanna, N. (1991). Why are Buyers Represented by Seller's Agents When Buying a House. Journal of Real Estate, Economics and Finance, 147-156.
  • Bagnoli, M., & McKee, M. (1991). Voluntary Contribution Games: Efficient Private Provision of Public Goods. Economic Inquiry, vol. 29 (2), 351-366.
  • Bagnoli, M., & Lipman, B. (1989). Private Provision of Public Goods: Fully Implementing the Core through Private Contributions. Review of Economic Studies, vol. 56 (4), 583-601.
  • Bagnoli, M., Gordon, R., & Lipman, B. (1989). Stock Repurchase as a Takeover Defense. Review of Financial Studies, vol. 2 (3), 423-444.
  • Bagnoli, M., Salant, S., & Swierzbinski, J. (1989). Durable-Goods Monopoly with Discrete Demand. Journal of Political Economy, vol. 97 (6), 1459-1478.
  • Bagnoli, M., & Lipman, B. (1988). Successful Takeovers Without Exclusion. Review of Financial Studies, vol. 1 (1), 89-110.

Working Papers

  • Bagnoli, M. & Watts, S (2017). Forced Voluntary Disclosure. | Download |
  • Bagnoli, M & Watts, S (2017). Disclosure of the Estimated Tax Liability from Repatriation of Permanently Reinvested Earnings. | Download |
  • Mark Bagnoli and Susan Watts

    Accounting faculty selected for Best Paper Award


    The American Accounting Association’s Management Accounting Section Publications Committee has selected Mark Bagnoli’s and Susan Watts's paper “Knowing versus Telling Private Information about a Rival”, published in the Journal of Management Accounting Research in 2013, to be awarded the 2015 Journal of Management Accounting Research Best Paper Award. The Publications committee considered all research papers published in JMAR between 2013 and 2015, and judged their paper to have the highest potential impact on management accounting research.

    Congratulations Mark and Susan!

    Full story: Accounting faculty selected for Best Paper Award

Contact

mbagnoli@purdue.edu
Phone: (765) 49-44484
Office: RAWL 4095

Quick links

Personal website

Area(s) of Expertise

asymmetric information, corporate social responsibility, market prices, oligopoly markets