Lucy F. Ackert

Kennesaw State University - Michael J. Coles College of Business

Professor of Finance

1000 Chastain Road

Department of Economics and Finance

Kennesaw, GA 30144

United States

Federal Reserve Bank of Atlanta

Economist

1000 Peachtree Street N.E.

Atlanta, GA 30309-4470

United States

SCHOLARLY PAPERS

37

DOWNLOADS
Rank 6,120

SSRN RANKINGS

Top 6,120

in Total Papers Downloads

5,739

CITATIONS
Rank 5,847

SSRN RANKINGS

Top 5,847

in Total Papers Citations

87

Scholarly Papers (37)

1.

Institutional Investors, Analyst Following, and the January Anomaly

FRB Atlanta Working Paper 98-8
Number of pages: 21 Posted: 03 Sep 1998
Lucy F. Ackert and George Athanassakos
Kennesaw State University - Michael J. Coles College of Business and University of Western Ontario - Finance-Economics Area Group
Downloads 1,312 (10,634)
Citation 5

Abstract:

2.

Bubbles in Experimental Asset Markets: Irrational Exuberance No More

Federal Reserve Bank of Atlanta Working Paper 2002-24
Number of pages: 40 Posted: 13 Oct 2001
Kennesaw State University - Michael J. Coles College of Business, McMaster University - DeGroote School of Business, Georgia Institute of Technology - Accounting Area and McMaster University - Michael G. DeGroote School of Business
Downloads 730 (24,664)
Citation 7

Abstract:

bubbles, asset markets, laboratory experiments, rational expectations

3.

Time-Varying Volatility in Canadian and U.S. Stock Index Futures Markets: A Multivariate Analysis

FRB Atlanta Working Paper 98-14
Number of pages: 24 Posted: 11 Sep 1998
Lucy F. Ackert and Marie D. Racine
Kennesaw State University - Michael J. Coles College of Business and University of Saskatchewan - Edwards School of Business
Downloads 553 (38,205)
Citation 1

Abstract:

4.

A Simultaneous Equations Analysis of Analysts' Forecast Bias and Institutional Ownership

EFMA 2001 Lugano Meetings; FR Bank of Atlanta Working Paper No. 2000-5
Number of pages: 37 Posted: 28 Jun 2000
Lucy F. Ackert and George Athanassakos
Kennesaw State University - Michael J. Coles College of Business and University of Western Ontario - Finance-Economics Area Group
Downloads 550 (38,572)
Citation 5

Abstract:

An Empirical Examination of the Price-Dividend Relation with Dividend Management

FRB of Chicago Working Paper No. 2000-22
Number of pages: 30 Posted: 26 Dec 2000
Lucy F. Ackert and William C. Hunter
Kennesaw State University - Michael J. Coles College of Business and Tippie College of Business
Downloads 390 (59,531)
Citation 1

Abstract:

An Empirical Examination of the Price-Dividend Relation with Dividend Management

Journal of Financial Services Research, Vol. 19, No. 2/3, April 2001
Posted: 12 Sep 2001
Lucy F. Ackert and William C. Hunter
Kennesaw State University - Michael J. Coles College of Business and Tippie College of Business

Abstract:

Stock price determination, volatility, dividend payout, present value model

6.

An Experimental Examination of the House Money Effect in a Multi-Period Setting

FRB of Atlanta Working Paper No. 2003-13
Number of pages: 23 Posted: 12 Nov 2003
Kennesaw State University - Michael J. Coles College of Business, McMaster University - DeGroote School of Business, Georgia Institute of Technology - Accounting Area and McMaster University - Michael G. DeGroote School of Business
Downloads 320 (70,212)
Citation 10

Abstract:

house money, prospect theory

Information Opacity, Credit Risk, and the Design of Loan Contracts for Private Firms

Financial Markets, Institutions and Instruments, 2007
Number of pages: 34 Posted: 29 May 2007 Last Revised: 14 Apr 2011
Lucy F. Ackert, Rongbing Huang and Gabriel G. Ramirez
Kennesaw State University - Michael J. Coles College of Business, Kennesaw State University - Michael J. Coles College of Business and Kennesaw State University - Michael J. Coles College of Business
Downloads 273 (89,914)
Citation 5

Abstract:

private firm financing, loan structure, loan pricing, bank financing, information opacity, credit risk, bank loans

Information Opacity, Credit Risk, and the Design of Loan Contracts for Private Firms

Financial Markets, Institutions & Instruments, Vol. 16, No. 5, pp. 221-242, December 2007
Number of pages: 22 Posted: 27 Nov 2007
Lucy F. Ackert, Rongbing Huang and Gabriel G. Ramírez
Kennesaw State University - Michael J. Coles College of Business, Kennesaw State University - Michael J. Coles College of Business and affiliation not provided to SSRN
Downloads 13 (493,917)
Citation 5

Abstract:

8.

Tax Policy Design in the Presence of Social Preferences: Some Experimental Evidence

Andrew Young School Research Paper No. 06-03, FRB of Atlanta Working Paper No. 2004-33
Number of pages: 39 Posted: 04 Jan 2006
Lucy F. Ackert, Jorge Martinez-Vazquez and Mark Rider
Kennesaw State University - Michael J. Coles College of Business, Georgia State University - Andrew Young School of Policy Studies and Georgia State University - Department of Economics
Downloads 212 (112,045)
Citation 7

Abstract:

Tax policy, social preferences, fairness

9.

Bid-Ask Spreads in Multiple Dealer Settings: Some Experimental Evidence

Working Paper 98-9
Number of pages: 30 Posted: 03 Sep 1998
Lucy F. Ackert and Bryan K. Church
Kennesaw State University - Michael J. Coles College of Business and Georgia Institute of Technology - Accounting Area
Downloads 203 (119,483)
Citation 4

Abstract:

What's in a Name? An Experimental Examination of Investment Behavior

FRB of Atlanta Working Paper No. 2003-12
Number of pages: 30 Posted: 27 Oct 2003
Kennesaw State University - Michael J. Coles College of Business, Georgia Institute of Technology - Accounting Area, Kennesaw State University - Michael J. Coles College of Business and University of Toronto - Rotman School of Management
Downloads 199 (124,341)
Citation 7

Abstract:

home bias, asset markets, laboratory experiments

What's in a Name? An Experimental Examination of Investment Behavior

Review of Finance, Vol. 9, No. 2, pp. 281-304, 2005
Posted: 01 Sep 2008
Kennesaw State University - Michael J. Coles College of Business, Georgia Institute of Technology - Accounting Area, Georgia Institute of Technology and University of Toronto - Rotman School of Management

Abstract:

11.

The Origins of Bubbles in Laboratory Asset Markets

FRB of Atlanta Working Paper No. 2006-6
Number of pages: 45 Posted: 19 May 2006
Kennesaw State University - Michael J. Coles College of Business, McMaster University - DeGroote School of Business, McMaster University - Michael G. DeGroote School of Business and University of Cincinnati
Downloads 197 (117,805)
Citation 3

Abstract:

bubbles, asset markets, judgment error

Immediate Disclosure or Secrecy? The Release of Information in Experimental Asset Markets

FRB Atlanta Working Paper No. 2001-5
Number of pages: 27 Posted: 20 May 2001
Lucy F. Ackert, Bryan K. Church and Ann B. Gillette
Kennesaw State University - Michael J. Coles College of Business, Georgia Institute of Technology - Accounting Area and Kennesaw State University - Michael J. Coles College of Business
Downloads 138 (172,299)
Citation 3

Abstract:

Information disclosure, monetary policy, secrecy, asset markets, rational expectations

Immediate Disclosure or Secrecy? The Release of Information in Experimental Asset Markets

Financial Markets, Institutions & Instruments, Vol. 13, No. 5, pp. 219-243, December 2004
Number of pages: 26 Posted: 18 Dec 2004
Lucy F. Ackert, Bryan K. Church and Ann B. Gillette
Kennesaw State University - Michael J. Coles College of Business, Georgia Institute of Technology - Accounting Area and Kennesaw State University - Michael J. Coles College of Business
Downloads 18 (465,110)
Citation 3

Abstract:

Circuit Breakers with Uncertainty about the Presence of Informed Agents: I Know What You Know . . . I Think

FRB of Atlanta Working Paper No. 2002-25
Number of pages: 46 Posted: 06 Mar 2003
Lucy F. Ackert, Bryan K. Church and Narayanan Jayaraman
Kennesaw State University - Michael J. Coles College of Business, Georgia Institute of Technology - Accounting Area and Georgia Institute of Technology - Scheller College of Business
Downloads 137 (173,270)
Citation 1

Abstract:

circuit breaker, experimental asset markets, trading interruption, private information

Circuit Breakers with Uncertainty about the Presence of Informed Agents: I Know What You Know . . . I Think

Financial Markets, Institutions & Instruments, Vol. 14, No. 3, pp. 135-168, August 2005
Number of pages: 34 Posted: 09 Aug 2005
Lucy F. Ackert, Bryan K. Church and Narayanan Jayaraman
Kennesaw State University - Michael J. Coles College of Business, Georgia Institute of Technology - Accounting Area and Georgia Institute of Technology - Scheller College of Business
Downloads 18 (465,110)
Citation 1

Abstract:

14.

Asset Prices and Informed Traders' Abilities: Evidence from Experimental Asset Markets

FRB of Atlanta Working Paper No. 2002-26
Number of pages: 47 Posted: 19 Feb 2003
Lucy F. Ackert, Bryan K. Church and Ping Zhang
Kennesaw State University - Michael J. Coles College of Business, Georgia Institute of Technology - Accounting Area and University of Toronto - Rotman School of Management
Downloads 101 (210,112)
Citation 1

Abstract:

forecast bias, experimental markets, smart traders

15.

When the Shoe is on the Other Foot: Experimental Evidence on Evaluation Disparities

FRB of Atlanta Working Paper No. 2005-17
Number of pages: 23 Posted: 11 Oct 2005
Lucy F. Ackert, Bryan K. Church and Gerald P. Dwyer
Kennesaw State University - Michael J. Coles College of Business, Georgia Institute of Technology - Accounting Area and Clemson University
Downloads 61 (279,431)

Abstract:

willingness to accept, willingness to pay, endowment effect

16.

Risk Tolerance, Self-Interest, and Social Preferences

Andrew Young School of Policy Studies Research Paper Series No. 11-03
Number of pages: 47 Posted: 07 Jan 2011
Kennesaw State University - Michael J. Coles College of Business, Kennesaw State University - Michael J. Coles College of Business, Georgia State University - Andrew Young School of Policy Studies and Georgia State University - Department of Economics
Downloads 55 (266,460)
Citation 2

Abstract:

equity, social preferences, optimal taxation

17.

Cooperating to Resist Coercion: An Experimental Study

Andrew Young School of Policy Studies Research Paper Series No. 11-06
Number of pages: 38 Posted: 03 Feb 2011
Mark Rider, Lucy F. Ackert and Ann B. Gillette
Georgia State University - Department of Economics, Kennesaw State University - Michael J. Coles College of Business and Kennesaw State University - Michael J. Coles College of Business
Downloads 29 (367,331)

Abstract:

Coercion, Equity, Social preferences

18.

A Simultaneous Equations Analysis of Analysts' Forecast Bias, Analyst Following, and Institutional Ownership

Journal of Business Finance & Accounting, Vol. 30, pp. 1017-1042, September 2003
Number of pages: 26 Posted: 25 Sep 2003
Lucy F. Ackert and George Athanassakos
Kennesaw State University - Michael J. Coles College of Business and University of Western Ontario - Finance-Economics Area Group
Downloads 23 (423,157)
Citation 10

Abstract:

19.

Social Preferences and Tax Policy Design: Some Experimental Evidence

Economic Inquiry, Vol. 45, No. 3, pp. 487-501, July 2007
Number of pages: 15 Posted: 26 Jun 2007
Lucy F. Ackert, Jorge Martinez-Vazquez and Mark Rider
Kennesaw State University - Michael J. Coles College of Business, Georgia State University - Andrew Young School of Policy Studies and Georgia State University - Department of Economics
Downloads 20 (438,615)
Citation 7

Abstract:

20.

Arbitrage, Liquidity, and the Valuation of Exchange Traded Funds

Financial Markets, Institutions & Instruments, Vol. 17, Issue 5, pp. 331-362, December 2008
Number of pages: 32 Posted: 21 Nov 2008
Lucy F. Ackert and Yisong S. Tian
Kennesaw State University - Michael J. Coles College of Business and York University - Schulich School of Business
Downloads 6 (504,075)
Citation 7

Abstract:

21.

Determinants of Investor Demand for Cross-Listed Firms

Financial Markets, Institutions & Instruments, Vol. 19, Issue 3, pp. 245-267, August 2010
Number of pages: 23 Posted: 06 Jul 2010
University of Western Ontario - Finance-Economics Area Group, Kennesaw State University - Michael J. Coles College of Business, Federal Reserve Banks - Federal Reserve Bank of Atlanta and Georgia State University
Downloads 3 (517,150)

Abstract:

Is There a Link Between Money Illusion and Homeowners’ Expectations of Housing Prices?

Real Estate Economics, Vol. 39, Issue 2, pp. 251-275, 2011
Number of pages: 25 Posted: 26 May 2011
Lucy F. Ackert and Bryan K. Church
Kennesaw State University - Michael J. Coles College of Business and Georgia Institute of Technology - Accounting Area
Downloads 2 (554,515)
Citation 1

Abstract:

Is There a Link Between Money Illusion and Homeowners’ Expectations of Housing Prices?

Real Estate Economics, Forthcoming
Posted: 31 Aug 2010 Last Revised: 26 Oct 2015
Lucy F. Ackert, Bryan K. Church and Narayanan Jayaraman
Kennesaw State University - Michael J. Coles College of Business, Georgia Institute of Technology - Accounting Area and Georgia Institute of Technology - Scheller College of Business

Abstract:

housing prices, bubbles, money illusion

23.

Chapter 2: Traditional and Behavioral Finance

Investor Behavior: The Psychology of Financial Planning and Investing. H. Kent Baker and Victor Ricciardi, editors, 25-41. Hoboken, NJ: John Wiley & Sons, Inc., 2014
Posted: 13 Feb 2014 Last Revised: 10 May 2014
Lucy F. Ackert
Kennesaw State University - Michael J. Coles College of Business

Abstract:

Rationality, traditional finance, behavioral finance, prospect theory, heuristics, overconfidence, behavioural finance, behavioral economics, behavioural economics

24.

Provision of Non-Audit Services and Individuals' Investment Decisions: Experimental Evidence

Research in Accounting Regulations, Vol. 20, 2007
Posted: 12 Nov 2007
Lucy F. Ackert, Bryan K. Church and Arnold Schneider
Kennesaw State University - Michael J. Coles College of Business, Georgia Institute of Technology - Accounting Area and Georgia Institute of Technology - Accounting Area

Abstract:

Non-Audit Services, Investment Decisions, Auditor Independence, Auditor Reputation

25.

Arbitrage and Valuation in the Market for Standard and Poor's Depositary Receipts

Financial Management, Vol. 29, No. 3, Autumn 2000
Posted: 14 Jun 2001
Lucy F. Ackert and Yisong S. Tian
Kennesaw State University - Michael J. Coles College of Business and York University - Schulich School of Business

Abstract:

26.

Efficiency in Index Options Markets and Trading in Stock Baskets

Federal Reserve Bank of Atlanta, Research Department Working Paper No. 99-5
Posted: 05 Nov 1999
Lucy F. Ackert and Yisong S. Tian
Kennesaw State University - Michael J. Coles College of Business and York University - Schulich School of Business

Abstract:

27.

The Effect of Forecast Bias on Market Behavior: Evidence from Experimental Asset Markets

Federal Reserve Bank of Atlanta, Research Department Working Paper No. 99-4
Posted: 05 Nov 1999
Lucy F. Ackert, Bryan K. Church and Ping Zhang
Kennesaw State University - Michael J. Coles College of Business, Georgia Institute of Technology - Accounting Area and University of Toronto - Rotman School of Management

Abstract:

28.

Time-Varying Volatility in Canadian and US Stock Index and Index Futures Markets: A Multivariate Analysis

The Journal of Financial Research
Posted: 21 Oct 1999
Lucy F. Ackert and Marie D. Racine
Kennesaw State University - Michael J. Coles College of Business and University of Saskatchewan - Edwards School of Business

Abstract:

29.

An Experimental Study of Circuit Breakers: The Effects of Mandated Market Closures and Temporary Halts on Market Behavior

Federal Reserve Bank of Atlanta Working Paper No. 99-1
Posted: 10 May 1999
Lucy F. Ackert, Bryan K. Church and Narayanan Jayaraman
Kennesaw State University - Michael J. Coles College of Business, Georgia Institute of Technology - Accounting Area and Georgia Institute of Technology - Scheller College of Business

Abstract:

30.

Uncertain Litigation Cost and Seller Behavior: Evidence from an Auditing Game

98-17
Posted: 20 Jan 1999
Lucy F. Ackert, Ping Zhang and Bryan K. Church
Kennesaw State University - Michael J. Coles College of Business, University of Toronto - Rotman School of Management and Georgia Institute of Technology - Accounting Area

Abstract:

31.

The Effects of Subject Pool and Design Experience on Rationality in Experimental Asset Markets

Federal Reserve Bank of Atlanta Working Paper No. 98-18
Posted: 19 Jan 1999
Lucy F. Ackert and Bryan K. Church
Kennesaw State University - Michael J. Coles College of Business and Georgia Institute of Technology - Accounting Area

Abstract:

32.

Voluntary Disclosure under Imperfect Competitions: Experimental Evidence

Federal Reserve Bank of Atlanta Working Paper No. 98-7
Posted: 29 Oct 1998
Lucy F. Ackert, Bryan K. Church and Mandira Roy Sankar
Kennesaw State University - Michael J. Coles College of Business, Georgia Institute of Technology - Accounting Area and University of Southern California - Leventhal School of Accounting

Abstract:

33.

Stochastic Trends and Cointegration in the Market for Equities

Federal Reserve Bank of Atlanta Working Paper 98-13
Posted: 21 Sep 1998
Lucy F. Ackert and Marie D. Racine
Kennesaw State University - Michael J. Coles College of Business and University of Saskatchewan - Edwards School of Business

Abstract:

34.

Market Behavior in the Presence of Costly, Imperfect Information: Experimental Evidence

Posted: 22 Aug 1998
Bryan K. Church, Lucy F. Ackert and Mohamed Shehata
Georgia Institute of Technology - Accounting Area, Kennesaw State University - Michael J. Coles College of Business and McMaster University - Michael G. DeGroote School of Business

Abstract:

35.

What Affects Individuals' Decisions to Acquire Forecasted Information?

CONTEMPORARY ACCOUNTING RESEARCH, Vol 13, No 2, Fall 1996
Posted: 13 Jun 1998
Lucy F. Ackert, Bryan K. Church and Mohamed Shehata
Kennesaw State University - Michael J. Coles College of Business, Georgia Institute of Technology - Accounting Area and McMaster University - Michael G. DeGroote School of Business

Abstract:

36.

Prior Uncertainty, Analyst Bias, and Subsequent Abnormal Returns

J. OF FINANCIAL RESEARCH
Posted: 26 Mar 1997
Lucy F. Ackert and George Athanassakos
Kennesaw State University - Michael J. Coles College of Business and University of Western Ontario - Finance-Economics Area Group

Abstract:

An Experimental Examination of the Effects of Forecast Bias on Individuals' Use of Forecasted Information

Posted: 26 Sep 1994
Lucy F. Ackert, Bryan K. Church and Mohamed Shehata
Kennesaw State University - Michael J. Coles College of Business, Georgia Institute of Technology - Accounting Area and McMaster University - Michael G. DeGroote School of Business

Abstract:

An Experimental Examination of the Effects of Forecast Bias on Individuals' Use of Forecasted Information

JOURNAL OF ACCOUNTING RESEARCH, Vol 35, No 1, Spring 1997
Posted: 06 Nov 1996
Lucy F. Ackert, Bryan K. Church and Mohamed Shehata
Kennesaw State University - Michael J. Coles College of Business, Georgia Institute of Technology - Accounting Area and McMaster University - Michael G. DeGroote School of Business

Abstract:

Other Papers (2)

Total Downloads: 5    Citations: 0
1.

Experiments on Electronic Double Auctions and Abnormal Trades

Number of pages: 41 Posted: 21 Oct 2016
Lucy F. Ackert, Lei Jiang and Li Qi
Kennesaw State University - Michael J. Coles College of Business, Tsinghua University and Agnes Scott College
Downloads 0

Abstract:

2.

An Experimental Examination of Hedging and Portfolio Selection

Number of pages: 49 Posted: 02 Mar 2011
Lucy F. Ackert, Bryan K. Church and Li Qi
Kennesaw State University - Michael J. Coles College of Business, Georgia Institute of Technology - Accounting Area and Agnes Scott College
Downloads 0

Abstract:

Asset markets, laboratory experiments, portfolio choice