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Mark Bagnoli

Mark Bagnoli

Professor Emeritus and Olson Chair in Management
Courtesy Appointment with Department of Economics
Accounting

Education

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

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Professor Bagnoli is Professor Emeritus and Olson Chair in Management and held a courtesy appointment in the Department of Economics in the Krannert Graduate School of Management. 

His research interests include applied game theory, information economics, voluntary disclosure, financial reporting and sustainability. 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, Journal of Finance, Review of Financial Studies, Management Science, Journal of Public Economics, Review of Economic Studies, 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 is a senior editor for Production and Operations Management and serves as an occasional reviewer for more than 30 accounting, finance and economics journals. He was named a Purdue University Faculty Scholar and has been the recipient of the Jay N. Ross Young Faculty Scholar Award.

Professor Bagnoli taught financial accounting at the graduate level.  He has also taught tax strategy, game theory, corporate finance, investments, industrial organization, intermediate microeconomics and microeconomic theory and analytical modeling in accounting (financial and managerial) at the doctoral level.

Journal Articles

  • Bagnoli, M. and Watts, S. (2020). "On the Corporate Use of Green Bonds." Journal of Economics and Management Strategy vol. 29 (1), 187-209.
  • 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., & 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 I." Annals of Finance vol. 1 (3), 245-265.
  • 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. & Beneish, M. (2000). "Earnings Expectations: How Important are the Whispers?" American Association of Individual Investors Journal vol. 22 (5), 11-14.
  • 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., 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.
  • 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., & Lipman, B. (1992). "Private Provision of Public Goods Can Be Efficient." Public Choice
  • 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., & Khanna, N. (1992). "Insider Trading in Financial Signaling Models." Journal of Finance vol. 47 (5), 1905-1934.
  • 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., & McKee, M. (1991). "Voluntary Contribution Games: Efficient Private Provision of Public Goods." Economic Inquiry vol. 29 (2), 351-366.
  • 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., & Borenstein, S. (1991). "Carrot and Yardstick Competition." Journal of Regulatory Economics 115-136.
  • 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. (1989). "Private Provision of Public Goods: Fully Implementing the Core through Private Contributions." Review of Economic Studies vol. 56 (4), 583-601.
  • Bagnoli, M., & Lipman, B. (1988). "Successful Takeovers Without Exclusion." Review of Financial Studies vol. 1 (1), 89-110.

Forthcoming Publications

  • Bagnoli, M. and Watts, S. "Revising a Voluntary Disclosure Decision." The Accounting Review
  •  reports in board room

    Advancing Accounting

    The Krannert School of Management presented the fourth annual Purdue Accounting Theory Conference in May with a program that included distinguished guest speakers from across the country as well as rising scholars in the field. Accounting professors Mark Bagnoli, the Olson Chair in Management, and Susan Watts, the Emanuel T. Weiler Chair in Management, served as coordinators of the conference along with Associate Professor Lin Nan.

    Full story: Advancing Accounting

  • Purdue Accounting Theory Conference

    Fourth Annual Purdue Accounting Theory Conference

    The Accounting Faculty held the fourth annual Purdue Accounting Theory Conference on May 18 and 19, 2018. The program included distinguished guest speakers from across the country.

    Full story: Fourth Annual Purdue Accounting Theory Conference

  • 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!

Contact

mbagnoli@purdue.edu

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