Portrait Photo

Mark Jeffrey Flannery

Bank of America Eminent Scholar Chair
Eminent Scholar
University of Florida,
Warrington College of Business
Department of Finance, Insurance & Real Estate
PO Box 117168 Gainesville FL 32611
Stuzin Hall 315C
(352) 392-3184

Education

PhD - Economics, Yale University, 1978
MPhil - Economics, Yale University, 1974
MA - Economics, Yale University, 1973
AB - Summa Cum Laude, Princeton University, 1972

Research Areas

Asset Pricing, Government Regulation of the Financial Sector, Empirical Corporate Finance, Financial Management of Financial Institutions
Some Effects of Capital Regulation When There are Competing, Nonbank Lenders
Published Year: 2016
Authors: Mark Flannery

Market discipline in financial regulation
Published Year: 2011
Authors: J Vesala Mark Flannery

The Subprime Crisis: Lessons about Market Discipline
Published Year: 2011
Authors: Douglas Evanoff Philipp Hartmann George Kaufman Mark Flannery

Market Discipline in Bank Supervision
Published Year: 2010
Authors: A. Berger P. Molyneux J. Wilson Mark Flannery

The Role of Hedge Funds in World Capital Markets
Published Year: 2007
Authors: Paolo Savona Mark Flannery

No Pain, No Gain? Effecting Market Discipline via 'Reverse Convertible Debentures
Published Year: 2005
Authors: Hal Scott Mark Flannery

Commentary
Published Year: 2004
Authors: Mark Flannery

Discussion of three papers on credit rating agencies
Accepted Year: 2004
Authors: Richard Levich Carmen Reinhart Giovanni Majnoni Mark Flannery

Market Discipline of U.S. Financial Firms: Recent Evidence and Research Issues
Published Year: 2004
Authors: William Hunter George Kaufman Claudio Borio Kostas Tsatsaronis Mark Flannery

Market Discipline of U.S. Financial Firms: Recent Evidence and Research Issues
Published Year: 2004
Authors: William Hunter George Kaufman Claudio Borio Kostas Tsatsaronis Mark Flannery

Market Discipline in the Governance of U.S. Bank Holding Companies: Monitoring versus Influencing
Published Year: 2001
Authors: R. Bliss Frederic Mishkin Mark Flannery

Discussion of the Historical and Foreign Experience with Universal Banking
Published Year: 1996
Authors: Anthony Saunders Ingo Walter Mark Flannery

Banking and Finance
Published Year: 1995
Authors: J. Houston Mark Flannery

Prudential Regulation in Banking
Published Year: 1995
Authors: Kuniho Sawamoto Zenta Nakajima Hiroo Taguchi Mark Flannery

Deposit Insurance
Published Year: 1992
Authors: Mark Flannery

Payments System Risk and Public Policy
Published Year: 1988
Authors: William Haraf Mark Flannery

A Portfolio View of Loan Selection and Pricing
Published Year: 1985
Authors: Robert Eisenbeis Richard Aspinwall Mark Flannery
Market Evidence on the Opaqueness of Bank Assets
Published Year: 1997
Authors: S. Kwan M. Nimalendran Mark Flannery

Off-Site Surveillance Systems
Published Year: 1997
Authors: Mark Flannery

Technology and Payments: Deja Vu All Over Again?
Published Year: 1996
Authors: Mark Flannery

Pricing Bank Default Risk in Subordinated Debenture Yields
Published Year: 1995
Authors: S. Sorescu Mark Flannery

Corporate Finance, Market Discipline, and Bank Supervision
Published Year: 1994
Authors: Mark Flannery

The Implications of 'Banking's Decline' for Safety and Soundness Regulation
Published Year: 1994
Authors: Mark Flannery

Government Risk-Bearing in the Financial Sector of a Capitalist Economy
Published Year: 1993
Authors: Mark Flannery

Contagious Bank Runs, Financial Structure, and Corporate Separateness within a Bank Holding Company
Published Year: 1986
Authors: Mark Flannery

Policy Issues in Federal Deposit Insurance
Published Year: 1983
Authors: Mark Flannery

The Impact of Market Interest Rates on Intermediary Stock Prices
Published Year: 1982
Authors: C. James Mark Flannery

Identifying Problem Banks
Published Year: 1979
Authors: J. Guttentag Mark Flannery
Evaluating the Information in the Federal Reserve Stress Tests
Journal: Journal of Financial Intermediation
Published Year: 2017
Authors: Mark Flannery Anna Kovner Beverlly Hirtle

Stabilizing Large Financial Institutions with Contingent Capital Certificates
Published Year: 2016
Authors: Mark Flannery

Maintaining Adequate Bank Capital: An Empirical Analysis of European Banks
Journal: Journal of Banking and Finance
Published Year: 2015
Authors: Emanuela Giacomini Mark Flannery

A review of the literature on contingent capital bonds
Journal: Annual Review of Financial Economics
Accepted Year: 2014
Authors: Mark Flannery

Major Investments, Firm Financing Decisions, and Long-run Performance
Journal: Review of Finance
Published Year: 2014
Authors: R. Elsas J. Garfinkel Mark Flannery

Maintaining Adequate Bank Capital
Journal: Journal of Money, Credit and Banking
Accepted Year: 2013
Authors: Mark Flannery

Do Personal Taxes Affect Capital Structure: Evidence from the 2003 Tax Cut
Journal: Journal of Financial Economics
Published Year: 2013
Authors: Leming Lin Mark Flannery

Estimating Dynamic Panel Models in Corporate Finance
Journal: Journal of Corporate Finance
Published Year: 2013
Authors: Mark Flannery Kristine Hankins

Cash Flows and Leverage Adjustments
Journal: Journal of Financial Economics
Published Year: 2012
Authors: Michael Faulkender Kristine Hankins Jason Schmidt Mark Flannery

Do Credit Spreads Reflect Mean-Reverting Leverage?
Journal: Journal of Financial and Quantitative Analysis
Published Year: 2012
Authors: Stanislava Nikolova Ozde Oztekin Mark Flannery

Institutional Determinants of Capital Structure Adjustment Speeds
Journal: Journal of Financial Economics
Accepted Year: 2012
Authors: Ozde Oztekin Mark Flannery

The 2007-09 Financial Crisis and Bank Opaqueness
Journal: Journal of Financial Intermediation
Published Year: 2012
Authors: S. Kwan M. Nimalendran Mark Flannery

Corporate Finance and Financial Institutions
Journal: Annual Review of Financial Economics
Published Year: 2012
Authors: Mark Flannery

Credit Default Swap Spreads Are Viable Substitutes for Credit Ratings
Journal: University of Pennsylvania Law Review
Published Year: 2011
Authors: Joel Houston Frank Partnoy Mark Flannery

Financial system instability: Threats, prevention, management, and resolution
Journal: Journal of Financial Stability
Published Year: 2011
Authors: Mark Flannery

Frequent Issuers' Influence on Long-Run Post-Issuance Returns
Journal: Journal of Financial Economics
Published Year: 2011
Authors: M. Billett J. Garfinkel Mark Flannery

Fiduciary Standards and Institutions' Preference for Dividend-Paying Stocks
Journal: Financial Management
Published Year: 2008
Authors: K. Hankins M. Nimalendran Mark Flannery

What Caused the Bank Capital Build-up of the 1990s?
Journal: Review of Finance
Published Year: 2008
Authors: K. Rangan Mark Flannery

Why Do Large Banking Organizations Hold So Much Capital?
Journal: Journal of Financial Services Research
Published Year: 2008
Authors: A. Berger R. DeYoung O. Oztekin D. Lee Mark Flannery

Supervising Bank Safety and Soundness: Some Open Issues
Journal: Federal Reserve Bank of Atlanta Economic Review
Published Year: 2007
Authors: Mark Flannery

Are Bank Loans Special? Evidence on the Post-Announcement Performance of Bank Borrowers
Journal: Journal of Financial and Quantitative Analysis
Published Year: 2006
Authors: M. Billett J. Garfinkel Mark Flannery

Partial Adjustment toward Target Capital Structures
Journal: Journal of Financial Economics
Published Year: 2006
Authors: K. Rangan Mark Flannery

The Federal Home Loan Bank System: The 'Other' Housing GSE
Journal: Federal Reserve Bank of Atlanta Economic Review
Published Year: 2006
Authors: W. Frame Mark Flannery

Market Evidence on the Opaqueness of Banking Firms' Assets
Journal: Journal of Financial Economics
Published Year: 2004
Authors: S. Kwan M. Nimalendran Mark Flannery

Market Discipline in the Governance of U.S. Bank Holding Companies: Monitoring versus Influencing
Journal: European Finance Review
Published Year: 2002
Authors: R. Bliss Mark Flannery

Macroeconomic Factors Do Influence Aggregate Stock Returns
Journal: Review of Financial Studies, The
Published Year: 2002
Authors: A. Protopapadakis Mark Flannery

The Informational Content of Bank Exam Ratings and Subordinated Debt Prices
Journal: Journal of Money, Credit and Banking
Published Year: 2001
Authors: R. DeYoung W. Lang S. Sorescu Mark Flannery

The Faces of Market Discipline
Journal: Journal of Financial Services Research
Published Year: 2001
Authors: Mark Flannery

Comparing Market and Regulatory Assessments of Bank Performance: Who Knows What When?
Journal: Journal of Money, Credit and Banking
Published Year: 2000
Authors: A. Berger S. Davies Mark Flannery

Modernizing Financial Regulation: The Relation Between Interbank Transactions and Supervisory Reform
Journal: Journal of Financial Services Research
Published Year: 1999
Authors: Mark Flannery

Discussion' of 'Megamergers and Expanded Scope: Theories of Bank Size and Activity Diversity
Journal: Journal of Banking & Finance
Published Year: 1999
Authors: Mark Flannery

The Value of a Government Monitor for Firms with Hard-to-Value Assets
Journal: Journal of Money, Credit and Banking
Published Year: 1999
Authors: J. Houston Mark Flannery

Using Market Information in Prudential Bank Supervision: A Review of the U.S. Empirical Evidence
Journal: Journal of Money, Credit and Banking
Published Year: 1998
Authors: Mark Flannery

Discussion of 'Who Benefits from Secondary Market Price Stabilization of IPOs?'
Journal: Journal of Banking & Finance
Published Year: 1998
Authors: Mark Flannery

Asset Pricing with Time-Varying Factor Volatilities
Journal: Journal of Banking & Finance
Published Year: 1997
Authors: A. Hameed R. Harjes Mark Flannery

Financial Crises, Payment System Problems, and Discount Window Lending
Journal: Journal of Money, Credit and Banking
Published Year: 1996
Authors: Mark Flannery

Evidence of Bank Market Discipline In Subordinated Debenture Yields: 1983-1991
Journal: Journal of Finance
Published Year: 1996
Authors: S. Sorescu Mark Flannery

The Effect of Lender Identity on a Borrowing Firm's Equity Return
Journal: Journal of Finance
Published Year: 1995
Authors: M. Billett J. Garfinkel Mark Flannery

Debt Maturity Structure and the Deadweight Cost of Leverage: Optimally Financing Banking Firms
Journal: American Economic Review
Published Year: 1994
Authors: Mark Flannery

Financing Multiple Investment Projects
Journal: Financial Management
Published Year: 1993
Authors: J. Houston S. Venkataraman Mark Flannery

Does the Debt Market Assess Large Banks' Risk?
Journal: Journal of Monetary Economics
Published Year: 1992
Authors: D. Ellis Mark Flannery

Pricing Deposit Insurance When the Insurer Measures Bank Risk with Error
Journal: Journal of Banking & Finance
Published Year: 1991
Authors: Mark Flannery

Capital Regulation and Insured Banks' Choice of Individual Loan Default Risk
Journal: Journal of Monetary Economics
Published Year: 1989
Authors: Mark Flannery

From T-bills to Common Stocks: Investigating the Generality of Intra-Week Return Seasonality
Journal: Journal of Finance
Published Year: 1988
Authors: A. Protopapadakis Mark Flannery

The Bank-Customer Relationship
Journal: Geld, Banken und Versicherungen
Published Year: 1987
Authors: T. Devinney Mark Flannery

Asymmetric Information and Risky Debt Maturity Choice
Journal: Journal of Finance
Published Year: 1986
Authors: Mark Flannery

Market Evidence on the Effective Maturity of Bank Assets and Liabilities
Journal: Journal of Money, Credit and Banking
Published Year: 1984
Authors: C. James Mark Flannery

The Effect of Interest Rate Changes on the Common Stock of Financial Institutions
Journal: Journal of Finance
Published Year: 1984
Authors: C. James Mark Flannery

The Social Cost of Unit Banking Restrictions
Journal: Journal of Monetary Economics
Published Year: 1984
Authors: Mark Flannery

Interest Rates and Bank Profitability: Additional Evidence
Journal: Journal of Money, Credit and Banking
Published Year: 1983
Authors: Mark Flannery

Retail Bank Deposits as Quasi-fixed Factors of Production
Journal: American Economic Review
Published Year: 1983
Authors: Mark Flannery

Correspondent Services and Cost Economies in Commercial Banking
Journal: Journal of Banking & Finance
Published Year: 1983
Authors: Mark Flannery

Can State Bank Examination Data Replace FDIC Examination Visits?
Journal: Journal of Bank Research
Published Year: 1983
Authors: Mark Flannery

Market Interest Rates and Commercial Bank Profitability: An Empirical Investigation
Journal: Journal of Finance
Published Year: 1981
Authors: Mark Flannery

Indexing the U.S. Economy: Simulation Results with the MPS Model
Journal: Journal of Econometrics
Published Year: 1981
Authors: L. Johnson Mark Flannery

Risk-Efficient Monopoly Pricing for the Multiproduct Firm: Comment
Journal: Quarterly Journal of Economics
Published Year: 1979
Authors: Mark Flannery
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