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.
Courses Taught
- ACFI 650: Wildcat Investment Fund
- ACFI 702: Investments Analysis
- ACFI 751: Internships in Finance
- ACFI 753: Independent Studies in Finance
- ACFI 802: Investments
- ACFI 874: Finance Experience
- ACFI 896: Top/Alternative Investments
- ADMN 570: Intro to Financial Management
- ADMN 830: Investments
- ADMN 992: Special Projects & Ind Study
- FIN 650: Wildcat Investment
- FIN 702: Investments Analysis
- FIN 799H: Honors Thesis in Finance
- PAUL 695: Independent Study
Research Interests
- Investments and Securities
- BEHAVIORAL/SOCIAL SCIENCES
- Forecasting - Trends/Statistical Analysis
- Finance
Selected Publications
Cai, C., Ciccone, S., Li, H., & Xu, L. E. (2023). Audit partner characteristics, career advancement and audit quality in the USA. Managerial Auditing Journal, 38(4), 389-418. doi:10.1108/maj-09-2021-3325
He, Z., & Ciccone, S. (2019). Too much liquidity? Seemingly excess cash for innovative firms. Financial Review, 55(1), 121-144. doi:10.1111/fire.12210
Ciccone, S., Kaen, F. R., & Li, H. (2018). The Fortunes of War and Aircraft Manufacturer Stock Returns: The Case of the Korean War. EASTERN ECONOMIC JOURNAL, 44(2), 211-241. doi:10.1057/s41302-016-0077-7
Ciccone, S. (2018). Investing During Major Depressions, Recessions, and Crashes. International Journal of Business Management and Commerce, 3(2), 1-6.
Dual-Class Voting Structure and Firm Value (2017).
Ciccone, S. J. (2011). Investor Optimism, False Hopes and the January Effect. JOURNAL OF BEHAVIORAL FINANCE, 12(3), 158-168. doi:10.1080/15427560.2011.602197
Ang, J. S., Ciccone, S. J., & Baker, H. K. (2009). Dividend Irrelevance Theory. In DIVIDENDS AND DIVIDEND POLICY (pp. 97-113). Retrieved from https://www.webofscience.com/
Ciccone, S. J. (2005). Trends in analyst earnings forecast properties. International Review of Financial Analysis, 14(1), 1-22. doi:10.1016/j.irfa.2004.06.001
Ciccone, S. (2003). Does Analyst Optimism About Future Earnings Distort Stock Prices?. Journal of Behavioral Finance, 4(2), 59-64. doi:10.1207/s15427579jpfm0402_02
J Ciccone, S. (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, 3(4), 333-344. doi:10.1057/palgrave.jam.2240087