MAS, Accounting – University of Illinois at Urbana-Champaign (1988)
BS, Computer Science – University of Illinois at Urbana-Champaign (1986)
Experience
Arizona State University, W.P. Carey School of Business, 2006-2012
Duke University, Fuqua School of Business, 2000-2006
Massachusetts Institute of Technology, Sloan School of Management, 1997-2000
Research & Publications
Research Interests
Security analyst forecast accuracy
Determinants of security analysts' forecasting ability
Stock recommendation profitability
Publications
Mikhail, M., B. Walther and R. Willis. “Do Security Analysts Improve Their Performance with Experience?” Journal of Accounting Research, Vol. 35 Supplement 1997, Pages 131-157.
Mikhail, M., B. Walther and R. Willis. “Does Forecast Accuracy Matter to Security Analysts?” The Accounting Review, Vol. 74, No. 2, April 1999, Pages 185-200.
Mikhail, M., B. Walther and R. Willis. “The Effect of Experience on Security Analyst Underreaction.” Journal of Accounting & Economics, Vol. 35, April 2003, pages 101-116.
Mikhail, M., B. Walther and R. Willis. “Reactions to Dividend Changes Conditional on Earnings Quality.” Journal of Accounting, Auditing & Finance, Vol. 18, Winter 2003, Pages 121-151.
Mikhail, M., B. Walther and R. Willis. “Security Analyst Experience and Post-Earnings-Announcement Drift.” Journal of Accounting, Auditing and Finance, Vol. 18, Fall 2003, Pages 529-550.
Mikhail, M., B. Walther and R. Willis. “Earnings Surprises and the Cost of Equity Capital.” Journal of Accounting, Auditing and Finance, Vol. 19, Fall 2004, Pages 491-514.
Mikhail, M., B. Walther and R. Willis. “Do Security Analysts Exhibit Persistent Differences in Stock Picking Ability?” Journal of Financial Economics, Vol. 74, October 2004, Pages 67-91. (Synopsis included in The CFA Digest, Vol. 35, No. 2, May 2005: 29-30).
Asquith, P., M. Mikhail and A. Au. “Information Content of Equity Analyst Reports.” Journal of Financial Economics, Vol. 75, February 2005, Pages 245-282. Lead article. (Synopsis included in The CFA Digest, Vol. 35, No. 3, August 2005: 41-43).
Mikhail, M., B. Walther and R. Willis. “When Security Analysts Talk, Who Listens?” The Accounting Review, Vol. 82, No. 5, October 2007, Pages 1227-1253.
Christensen, D., M. Mikhail, B. Walther and L. Wellman. “From K Street to Wall Street: Political Connections and Stock Recommendations” The Accounting Review, Vol. 92, No. 3, 2017. Forthcoming.
Awards & Affiliations
KPMG Professorship, ASU
Huizingh Award for Classroom Innovation, ASU
Excellence in Teaching Award, Weekend MBA Program, Duke University
Dean’s Council of 100 Distinguished Scholar, ASU
Theodore T. Miller Career Development Chair, MIT
American Institute of Certified Public Accountants Doctoral Fellowship