Mark Jeffrey Flannery
- Emeritus
Location
- Warrington College of Business
- Eugene F. Brigham Finance, Insurance and Real Estate Department
- Stuzin Hall 319
Mark J. Flannery has been the Bank of America Eminent Scholar in Finance at the University of Florida since 1989. He has published extensively, particularly in the areas of corporate finance and the financial regulatory process, particularly as it applies to banks in the U.S. and abroad.
His “hands on” regulatory experience most recently includes more than two years as the Chief Economist and Director of the Division of Economics and Risk Analysis at the U.S. Securities and Exchange Commission. In that position, he was involved in developing rules and regulations for the mutual fund industry, CDS trading standards, and various equity market and firm reporting requirements.
Professor Flannery previously worked with other U.S. regulatory agencies: part-time Senior Adviser to the Office of Financial Research from 2011-2014, the New York Fed’s Financial Advisory Roundtable (2006-2014) and the Federal Reserve System’s stress-test-related Model Validation Council (May 2012 –2014, chair 2013-2014). In 2003, he helped establish the FDIC’s Center for Financial Research and then served as co-director and senior adviser until 2007.
He holds economics degrees from Princeton (A.B.) and Yale (M.A., M.Phil., and Ph.D.). He served as president of the Financial Intermediation Research Society (FIRS), president and board chairman of the Financial Management Association, and member of the board of directors of the American Finance Association. He was an editor of the Journal of Money, Credit and Banking from 2000-2005. He previously held faculty positions at the University of Pennsylvania and the University of North Carolina (Chapel Hill), and visiting positions at NYU, the London Business School, and the University of New South Wales.
He has been recognized for excellence in both teaching and research: MBA teaching award (Best core course professor in 2006, 2009, and 2014); FMA Fellow; “Most Significant Paper” published in the Journal of Financial Intermediation during 2013; Jensen Prize for Corporate Finance and Organizations at the Journal of Financial Economics (second prize in 2012, first prize in 2013); “Best Paper in Financial Institutions,” 1995 Financial Management Association Meeting.
Current research interests include the stability of “shadow banking” institutions and Islamic banking.
Expertise and interest areas
- Asset Pricing
- Empirical Corporate Finance
- Financial Management of Financial Institutions
- Government Regulation of the Financial Sector
News
Gainesville coffee company, Indian grocery store talk tariff impacts | Mark Flannery & Larry DiMatteo – The Independent Florida Alligator
Warrington faculty listed among top scientists in the world – April 11, 2023 – Numerous Warrington faculty have ranked among the top 2% of most influential scientists in the world, according to a recent study by researchers at Stanford…
Dispirited homebuyers show why Fed’s unprecedented fight against inflation is beginning to succeed – July 26, 2022 – I’ve studied finance and financial markets since the 1970s, and I have never seen the Federal Reserve’s monetary policy get such prominent news coverage as…
Finance professor appointed to evaluate post-financial crisis reforms – August 2, 2019 – GAINESVILLE, Fla. – Dr. Mark J. Flannery, Bank of America Eminent Scholar Chair, has been appointed to the Financial Stability Board’s (FSB) evaluation of “too-big-to-fail”…
Flannery named to prominent post at SEC – July 21, 2014 – GAINESVILLE, Fla. – Bank of America Eminent Scholar Mark Flannery has been named Chief Economist and Director of the Securities and Exchange Commission’s Division of…
Education
- PhD – Economics, Yale University, 1978
- MPhil – Economics, Yale University, 1974
- MA – Economics, Yale University, 1973
- AB – Summa Cum Laude, Princeton University, 1972
PhD students advised
- Andrew Kitto — 2017 — Current
- Cathy Zheng — 2021 — Current
- DA TIAN — 2018 — Current
- Jae Kim — 2016 — Current
- MANVENDRA TIWARI — 2018 — Current
- Osama Mahmoud — 2021 — Current
- Sungsik Park — 2017 — Current
- Charles Gavin Pearson — 2022 — 2025
- Cheng Zhang — 2022 — 2024
- Minmo Gahng — 2022 — 2024
- Shana Cui — Unknown — 2023
Professional service
- Associate Editor: JFI, JFSR, JFS; Advisory Board JMCB — 2023
- Committee Member, Financial Intermediation Research Society, Texas A&M Finance Dept, Office of Financial Research — 2022 to 2023
- Reviewed submitted journal articles, various journals, JMCB, JFI, JCF, JFQA — 7 in all — 2022 to 2023
- Various journals, Referee Reports — 2021 to 2022
- Wrote tenure letter for Jaewon Choi to Seoul National University — 2022
- Associate Editor, various journals — 2019 to 2020
- Book/Textbook Reviewer/Referee, Australian National University — 2020
- Committee Member, University of Kentucky annual Finance Conference — 2020
- Program Organizer, Financial Intermediation Research Society meeting (2020) — 2019 to 2020
- Task Force Member, Financial Stability Board — 2018 to 2020
- Wrote tenure review letters for three universities:, University of Houston, George Mason University, University of Illinois — 2020
Journal article publications
- Housing Booms and Bank Growth
- Status: Published
- Journal: Journal of Financial Intermediation
- Published Year: 2022
- Authors: Mark Flannery, Leming Lin, Lucy Wang
- M&A Activity and the Capital Structure of Target Firms
- Status: Accepted
- Journal: Journal of Financial and Quantitative Analysis
- Authors: Mark Flannery, Jan Hanousek, Anastasiya Shamshur, Jiri Tresl
- The Effect of Government Reference Bonds on Corporate Borrowing Costs: Evidence from a Natural Experiment
- Status: Accepted
- Journal: Management Science
- Published Year: 2021
- Authors: Mark Flannery, Claire Yurong Hong, Baolian Wang
- The contrasting worldviews of bank and securities market regulators
- Status: Published
- Journal: Journal of Money, Credit and Banking
- Published Year: 2020
- Author: Mark Flannery
Newsletter publications
- Dispirited homebuyers show why Fed’s unprecedented fight against inflation is beginning to succeed
- Status: Published
- Published Year: 2022
- Author: Mark Flannery
Research monograph publications
- The Effect of a Government Reference Bond on Corporate Borrowing Costs: Evidence from a Natural Experiment
- Status: Accepted
- Accepted Year: 2022
- Authors: Mark Flannery, Baolian Wang, Claire Hong
- Broker-dealers as residual liquidity providers in the corporate bond market
- Status: Working Paper
- Author: Mark Flannery