Burton D. Morgan Distinguished Chair of Private Enterprise (Finance)
Ph.D., Management, Purdue University, 1974
M.B.A., Finance, University of Pittsburgh, 1969
B.A., Economics, Denison University, 1968
Professor McConnell's primary teaching interests are financial markets, corporate finance, real estate finance, and banking. His current research interests are in the areas of corporate finance, corporate governance, securities markets, and financial derivatives.
He has published more than 100 articles in leading peer-reviewed finance, economics and management journals including the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Journal of Financial and Quantitative Finance and others. His recent publications include: “Existing Methods Provide Unreliable Estimates of the Marginal Value of Cash,” Critical Finance Review, 2021, forthcoming (with J. T. Halford, V. Sibilkov and N. Zaiats), “Media Partisanship and Fundamental Corporate Decisions,” Journal of Financial and Quantitative Analysis, 2022 (with A. Knill and B. Liu), “Does CEO Succession Planning (Disclosure) Create Shareholder Value?,” Journal of Financial and Quantitative Analysis, 2022 (with Q. Qi).
He has been recognized for his scholarly contributions as the Distinguished Scholar of the Eastern Finance Association (2002) and as a Fellow of FMA (2007). He has won numerous teaching awards, including the Salgo-Noren Outstanding Teaching Award (1993, 1995, 2011, 2012 and 2018) and the Most Effective MSM Teacher Award (1992). He has received research support from the National Science Foundation, the Department of Housing and Urban Development, the Small Business Administration, the Center for the Study of Futures Markets, and the Catalyst Institute.
Professor McConnell has served on the board of directors of the Federal Home Loan Bank of Indianapolis (1983-86), Harrington Financial Group, Inc. (1993-2000), and Harrington West Financial Group, Inc. (1999-2009). He has been a consultant to Goldman, Sachs & Co., Merrill Lynch Capital Markets, Inc., the Federal Home Loan Bank System, the Federal Home Loan Mortgage Corp., and numerous law firms, corporations, and government agencies. He is an associate editor of the Journal of Financial and Quantitative Analysis, the Journal of Applied Corporate Finance, and the Journal of Fixed Income.
Why Private Market Returns May Be Far Greater Than They Seem on Paper
Institutional investors have access to industry-level information through their private equity investments that often informs their investment decisions in the public markets, according to a paper from researchers at Purdue University and Illinois State University.
Full story: Why Private Market Returns May Be Far Greater Than They Seem on Paper
- Krannert’s John McConnell recognized by University College Dublin with honorary doctorate
Krannert Professor John J. McConnell was among seven outstanding leaders across various fields of academia whose career achievements were recognized by University College Dublin (UCD) with honorary doctorates at its recent conferring ceremonies. McConnell, a leading financial economist, is renowned for his stellar leadership in the finance discipline. He is the Burton D. Morgan Distinguished Chair of Private Enterprise (in Finance) at the Krannert School of Management at Purdue University, where he has spent much of his career and won numerous teaching awards.
- The Pokémon Paradox: Krannert researchers examine costs and benefits of popular game
When the augmented reality (AR) game Pokémon Go made its debut in 2016, it quickly became the most popular mobile game in U.S. history with more than 20 million active users daily. It’s now at the top of the menu in an industry that generates more than $1 billion in annual revenues. According to a pair of working papers from Purdue University’s Krannert School of Management, tech companies aren’t the only businesses getting a taste of the profits. But how does that balance with the economic costs of playing the game while driving, which include an increased number of vehicular accidents, injuries and even death?
Phone: (765) 494-5910
Office: KRAN 475
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Area(s) of Expertise
Financial markets, Corporate finance, Mergers and acquisitions, Corporate restructuring, Asset pricing, Commercial banking, Derivative securities, Mortgage valuation