Simon Business School
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Faculty Profile

James A Brickley
Gleason Professor of Business Administration
Gleason Professor of Business Administration
Phone: 585.275.3433
Office: 3-160L Carol Simon Hall

Bio

Brickley has served as a full-time faculty member at the Simon School since 1990. He is currently the Gleason Professor of Business Administration. His primary research interests are in the areas of corporate governance and the economics of organizations. Brickley is a past winner of the Simon School’s Distinguished Teaching Award. He has also been listed multiple times on the School’s Teaching Honor Roll. Brickley has consulted with various corporations and law firms.

Research Interests

Professor Brickley has research and teaching interests in the economics of organizations, corporate governance and compensation policy, corporate finance, franchising and banking. His papers have been published in the Journal of Business, the Journal of Law and Economics, the Journal of Finance, the Journal of Accounting and Economics, the Journal of Financial Economics, the Journal of Economic Perspectives, the Journal of Law Economics and Organizations, the Journal of Empirical Legal Studies, the Journal of Economic Behavior and Organization, the Journal of Risk and Insurance, the Journal of Financial and Quantitative Analysis, Financial Management and the Journal of Corporate Finance. The sixth edition of Managerial Economics and Organizational Architecture (authored by Brickley, Clifford W. Smith Jr. and Jerold L. Zimmerman) was published by McGraw-Hill/Irwin in 2015 (copyright 2016). Brickley, Smith, Zimmerman and Janice Willett authored a trade version of this text entitled Designing Organizations to Create Value,published by McGraw-Hill in 2003. Brickley has served as associate editor of finance and accounting journals. A study published in Financial Management (Autumn 2001) re­ported that Brickley was among the most cited researchers in leading finance journals over the 25-year period of 1974 to 1998 (top one percent out of a total of 12,637 individuals). In 2002, three of his published papers received the Journal of Financial Economics All Star Paper Award (based on number of citations through 2001).

Professional History

Gleason Professor of Business Administration
University of Rochester Simon School of Business, Rochester NY
July 1999 -
Professor of Economics and Management
University of Rochester Simon School of Business, Rochester NY
July 1991 - June 1999
Professor and Chairman, Finance Department
University of Utah, Salt Lake City, Utah
July 1989 - June 1991
Research Director, Garn Institute of Finance
University of Utah, Salt Lake City, Utah
July 1989 - June 1991
Associate Professor of Business Administration
University of Rochester Simon School of Business, Rochester NY
July 1987 - June 1989
Visiting Associate Professor
University of Rochester Simon School of Business, Rochester NY
July 1986 - June 1987
Associate Professor, Finance Department
University of Utah, Salt Lake City, Utah
July 1985 - June 1987
Assistant Professor, Finance Department
University of Utah, Salt Lake City, Utah
July 1981 - June 1985
Graduate Assistant, Finance Department
University of Oregon, Eugene Oregon
July 1978 - June 1981
Executive Director
Jackson-Josephine County CETA Program, Medford, Oregon
1975 - 1978
Public Transportation Planner
Rogue Valley Council of Governments, Medford Oregon
1975 - 1975
Economic Analyst
CCD Economic Improvement Association, Roseburg, Oregon
1973 - 1975

Education

University of Oregon - 1982
Ph D
Finance
University of Oregon - 1973
MS
Economics
University of Oregon - 1972
BS
Economics

Publications

2016
Managerial Economics and Organizational Architecture
Contribution Type: Book, Textbook-Revised
Journal/Publisher/Proceedings Publisher: McGraw Hill
Issue: 6th
2014
Managerial Economics and Organizational Architecture 6th ed
Contribution Type: Book, Textbook-Revised
Journal/Publisher/Proceedings Publisher: McGraw Hill Irwin
Issue: 6
2013
Fundamentos economicos da arquitetura organizacional
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Sumários Revista da ESPM
Volume: 6
Issue: 1
2013
Ownership, Branding and Multiple Audience Concerns: Evidence from Nursing Homes
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Academy of Management Proceedings
Volume: 2013
Issue: 1
2012
Vertical integration to avoid contracting with potential competitors: evidence from bankers’ banks
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Financial Economics
Volume: 105
Issue: 1
2012
The Economic Determinants of Vertical Organizations: Evidence from Bankers' Banks
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Financial Economics
2011
Ownership, Branding and Multiple Audience Concerns: Evidence from Nursing Homes
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Simon School Working Paper No. FR 11-26
2010
Corporate Governance Myths
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Accounting and Economics
2010
Board composition and nonprofit conduct: Evidence from hospitals
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Economic Behavior & Organization
Volume: 76
Issue: 2
2010
Corporate governance myths: comments on Armstrong, Guay, and Weber
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Accounting and Economics
Volume: 50
Issue: 2
2009
Using Organizational Architecture to Lead Change*
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Applied Corporate Finance
Volume: 21
Issue: 2
2007
The Role of CEOs in Large Corporations: Evidence from Ken Lay at Enron
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Simon School Working Paper No. FR 07-14
2006
Contract Duration: Evidence from Franchising
Journal/Publisher/Proceedings Publisher: Journal of Law and Economics
Volume: XLIX
2005
Economía empresarial y arquitectura de la organización
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: McGraw-Hill
2004
Board Composition and Private Inurement in Nonprofit Organisations: Evidence from Hospitals
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Manuscript (University of Rochester)
2004
Diseno de organizaciones para crear valor: de la estrategia a la estructura
Contribution Type: Book, Scholarly-New
Journal/Publisher/Proceedings Publisher: McGraw-Hill
2004
Managerial Economics and Organizational Architecture
Contribution Type: Book, Scholarly-New
Journal/Publisher/Proceedings Publisher: New York: McGraw-Hill/Irwin
2003
Board structure and executive compensation in nonprofit organizations: Evidence from hospitals
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: William E. Simon Graduate School of Business Administration, University of Rochester
2003
Boundaries of the firm: evidence from the banking industry
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Financial Economics
Volume: 70
Issue: 3
2003
Contract duration: Evidence from franchise contracts
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Simon School of Business Working Paper No. FR
2003
Corporate governance, ethics, and organizational architecture
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Applied Corporate Finance
Volume: 15
Issue: 3
2003
Empirical research on CEO turnover and firm-performance: A discussion
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Accounting and Economics
Volume: 36
Issue: 1
2003
执行力组织: Designing organizations to create value
Contribution Type: Book, Scholarly-New
Journal/Publisher/Proceedings Publisher: 汕头大学出版社
2002
Business ethics and organizational architecture
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Banking & Finance
Volume: 26
Issue: 9
2002
Designing organizations to create value: From strategy to structure
Contribution Type: Book, Scholarly-New
Journal/Publisher/Proceedings Publisher: McGraw Hill Professional
2002
Designing organizations to create value: From strategy to structure
Contribution Type: Book, Scholarly-New
Journal/Publisher/Proceedings Publisher: New York: McGraw-Hill
2002
Managerial Incentives in Nonprofit Organizations: Evidence from Hospitals*
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of law and Economics
Volume: 45
Issue: 1
2002
Royalty rates and upfront fees in share contracts: evidence from franchising
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Law, Economics, and Organization
Volume: 18
Issue: 2
2001
Changing incentives in a multitask environment: evidence from a top-tier business school
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Corporate finance
Volume: 7
Issue: 4
2001
Does the Decision to Retain Retiring Executives on the Board of Directors Help to Control Agency Problems in American and Japanese Firms?
Contribution Type: Book, Chapter in Scholarly Book-New
Journal/Publisher/Proceedings Publisher: Palgrave Macmillan UK
2001
La teoría del juego en la estrategia empresarial
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Harvard Deusto Business Review
Issue: 103
2001
Managerial economics and organizational architecture
Contribution Type: Book, Scholarly-New
Journal/Publisher/Proceedings Publisher: McGraw-Hill/Irwin
Volume: 4
2000
An introduction to game theory and business strategy
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Applied Corporate Finance
Volume: 13
Issue: 2
2000
BOARD SEATS FOR RETIRED CEOS? IT DEPENDS ON HOW THEY PERFORM BEFORE THEY RETIRE.
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Directorship
Volume: 26
Issue: 5
2000
Incentives in nonprofit organizations: Evidence from hospitals
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Simon School of Business Working Paper No. FR 00-02
1999
Incentive conflicts and contractual restraints: evidence from franchising*
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: The Journal of Law and Economics
Volume: 42
Issue: 2
1999
Introduction: Special issue on franchising
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Business Venturing
Volume: 14
Issue: 4
1999
Teaching the Economics of Organizations
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Financial Practice and Education
Volume: 9
1999
What happens to CEOs after they retire? New evidence on career concerns, horizon problems, and CEO incentives
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Financial Economics
Volume: 52
Issue: 3
1999
’The Impact of Long-Range Managerial Compensation Plans on Shareholder Wealth’, Journal of Accounting and Economics, 7 (1-3), April, 115-29
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: INTERNATIONAL LIBRARY OF CRITICAL WRITINGS IN ECONOMICS
Volume: 103
1997
Leadership structure: Separating the CEO and chairman of the board
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of corporate Finance
Volume: 3
Issue: 3
1997
Management fads and organizational architecture
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Applied Corporate Finance
Volume: 10
Issue: 2
1997
Managerial Economics and Organizational Architecture
Contribution Type: Book, Scholarly-New
Journal/Publisher/Proceedings Publisher: Richard d Irwin
1996
Organizational architecture: A managerial economics approach
Contribution Type: Book, Scholarly-New
Journal/Publisher/Proceedings Publisher: Irwin
1995
Corporate leadership structure: On the separation of the positions of CEO and Chairman of the Board
Contribution Type: Book, Chapter in Scholarly Book-New
1995
The economics of organizational architecture
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Applied Corporate Finance
Volume: 8
Issue: 2
1995
Transfer pricing and the control of internal corporate transactions
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Applied Corporate Finance
Volume: 8
Issue: 2
1994
Accounting information and internal performance evaluation: evidence from Texas banks
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Accounting and Economics
Volume: 17
Issue: 3
1994
Corporate Leadership Structure: On the Separation of the Positions of CEO and Chairman of the Board
Contribution Type: Journal Article, Academic Journal
1994
Corporate voting: Evidence from charter amendment proposals
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Corporate Finance
Volume: 1
Issue: 1
1994
Ethics, incentives, and organizational design
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Applied Corporate Finance
Volume: 7
Issue: 2
1994
LEADERSHIP STRUCTURE-ON THE SEPARATION OF THE POSITIONS OF CEO AND CHAIRMAN OF THE BOARD
Contribution Type: Conference Proceeding
Volume: 49
Issue: 3
1994
Outside directors and the adoption of poison pills
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of financial Economics
Volume: 35
Issue: 3
1994
The costs of inefficient bargaining and financial distress: Evidence from corporate lawsuits
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Financial Economics
Volume: 35
Issue: 2
1993
Stock-based incentive compensation and investment behavior
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Accounting and Economics
Volume: 16
Issue: 1-3
1993
THE BOARD-OF-DIRECTORS AND THE ENACTMENT OF POISON PILLS
Contribution Type: Conference Proceeding
Volume: 48
Issue: 3
1991
An agency perspective on franchising
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Financial Management
1991
Defending Against Hostile Takeovers: Impact on Shareholder Wealth
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Managerial Finance
Volume: 17
Issue: 1
1991
Direct employee stock ownership: An empirical investigation
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Financial Management
1991
Dividend policy
Contribution Type: Book, Chapter in Scholarly Book-New
Journal/Publisher/Proceedings Publisher: Palgrave Macmillan UK
1991
Incentives of Divisional Managers: Evidence from Texax Banks
1991
The economic effects of franchise termination laws
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: The Journal of Law & Economics
Volume: 34
Issue: 1
1991
The tax-timing option and the discounts on closed-end investment companies
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Business
1990
Internal corporate restructuring: An empirical analysis
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Accounting and Economics
Volume: 12
Issue: 1
1989
Dividend Policy
Contribution Type: Book, Chapter in Scholarly Book-New
Journal/Publisher/Proceedings Publisher: Palgrave Macmillan UK
1989
Rational Voting: Evidence from Corporate Charter Amendments
Contribution Type: Book, Scholarly-New
Journal/Publisher/Proceedings Publisher: Tulane University
1988
Managerial Goals and the Court System: Some Economic Insights
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Can.-USLJ
Volume: 13
1988
Ownership structure and voting on antitakeover amendments
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of financial economics
Volume: 20
1988
The market for corporate control: The empirical evidence since 1980
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: The Journal of Economic Perspectives
Volume: 2
Issue: 1
1988
The Wealth Effects of Interfirm Lawsuits: An Empirical Investigation
Contribution Type: Book, Scholarly-New
Journal/Publisher/Proceedings Publisher: Center for Research in Security Prices, Graduate School of Business, University of Chicago
1988
Why firms restructure: An empirical analysis
1987
Managerial Indemnification and Liability
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Risk and Insurance
Volume: 54
Issue: 4
1987
Investment opportunities, the reluctance to cut dividends, and corporate payout policy: The case of annual extra dividends
Contribution Type: Book, Scholarly-New
Journal/Publisher/Proceedings Publisher: Managerial Economics Research Center, William E. Simon Graduate School of Business Administration, University of Rochester
1987
Managerial indemnification and liability insurance: The effect on shareholder wealth
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of risk and insurance
1987
Ownership structure and the monitoring of managers
Contribution Type: Book, Scholarly-New
Journal/Publisher/Proceedings Publisher: University of Rochester, Managerial Economics Research Center, William E. Simon Graduate School of Business Administration
1987
Residual Claims, Decision Rights, and Board Structure
Contribution Type: Book, Scholarly-New
Journal/Publisher/Proceedings Publisher: University of Rochester, Managerial Economics Research Center, William E. Simon Graduate School of Business Administration
1987
Shareholder wealth, information signaling and the dividend extra
Contribution Type: Book, Scholarly-New
Journal/Publisher/Proceedings Publisher: University Microfilms
1987
The choice of organizational form the case of franchising
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of financial Economics
Volume: 18
Issue: 2
1987
The pricing effects of interfirm cash tender offers
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: The Journal of Finance
Volume: 42
Issue: 4
1987
The takeover market, corporate board composition, and ownership structure: The case of banking
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: The Journal of Law & Economics
Volume: 30
Issue: 1
1986
Access to deposit insurance, insolvency rules and the stock returns of financial institutions
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Financial Economics
Volume: 16
Issue: 3
1986
Discussion
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: The Journal of Finance
Volume: 41
Issue: 3
1986
Interpreting common stock returns around proxy statement disclosures and annual shareholder meetings
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Financial and Quantitative Analysis
Volume: 21
Issue: 03
1986
Is board composition a substitute for an active takeover market in banking?
1986
The authorization of additional common stock: an empirical investigation
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Financial Management
1985
Incentive effects of stock purchase plans
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Financial Economics
Volume: 14
Issue: 2
1985
Lifting the lid on closed-end investment companies: A case of abnormal returns
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Financial and Quantitative Analysis
Volume: 20
Issue: 01
1985
The impact of long-range managerial compensation plans on shareholder wealth
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of accounting and economics
Volume: 7
Issue: 1
1984
Cumulative voting: The value of minority shareholder voting rights
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: JL & Econ.
Volume: 27
1983
Shareholder wealth, information signaling and the specially designated dividend: An empirical study
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Financial Economics
Volume: 12
Issue: 2
1982
Discussion: empirical evidence on dividends as a signal of firm value
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Financial and Quantitative Analysis
Volume: 17
Issue: 04

Current Research Programs

Effects of Tort Reform on Nursing Home Quality
We (Wedig and Lu) have made significant progress on a companion paper to MALPRACTICE LAWS AND INCENTIVES TO SHIELD ASSETS: EVIDENCE FROM NURSING HOMES. This paper studies the effects of torts law on quality inputs and production in nursing homes. There is a classic liability literature that predicts that product/service quality will fall in some cases where liability is reduced. The major contribution of this paper is considering how organizational economics affects the quality-liability relation. For example, torts liability affects organizational form and, in turn, different organization forms a) respond to liability reductions in different degrees; and b) produce quality with differing levels of efficiency. As a result, it is possible that reductions in tort liability may actually promote quality by promoting the more efficient organizational form and vice versa. A key part of the empirical methodology is correcting for selection bias (organizational form is endogenous) in a panel data set up. Given the possibility that the selection error is serially correlated, a simple Heckman correction is not sufficient and other corrections are needed. We employ techniques suggested in (2) publications by Wooldridge and obtain bootstrapped standard errors. To date we have established that, tort reform, causes nursing homes to reduce key inputs (such as registered nursing hours) and, equally important, that large-chain affiliated nursing homes make greater reductions in inputs than non-affiliated homes. We also establish, consistent with our earlier work, that tort reform encourages the entry of large chains into reform states. Our remaining work on this paper will focus on the effects of changing inputs on quality and a full simulation of the effects of tort reform on quality.
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