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Photo of Mikhail, Michael

Michael Mikhail

Dean Emeritus and Professor

Department of Accounting

Contact

Building & Room:

UH 2333

Address:

601 S. Morgan St., Chicago, IL 60607

Office Phone:

(312) 996-1228

CV Link:

Michael Mikhail

Related Sites:

About

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 Interests

  • Security analyst forecast accuracy
  • Determinants of security analysts' forecasting ability
  • Stock recommendation profitability

Selected 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. Pages 87-112.

Notable Honors

KPMG, Professorship, ASU

Huizingh Award, Classroom Innovation, ASU

Excellence in Teaching Award, Weekend MBA Program, Duke University

Distinguished Scholar, Dean’s Council of 100 Distinguished Scholars, ASU

Education

PhD – University of Chicago (1999)
MBA – University of Chicago (1997)
MAS, Accounting – University of Illinois at Urbana-Champaign (1988)
BS, Computer Science – University of Illinois at Urbana-Champaign (1986)