George Kanatas

Gustavo Grullon3
James P Weston2
3Gustavo Grullon
2James P Weston
1Steve Foerster
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We provide empirical evidence that a firm's overall visibility with investors, as measured by its product market advertising, has important consequences for the stock market. Specifically we show that firms with greater advertising expenditures, ceteris paribus, have a larger number of both individual and institutional investors, and better liquidity of(More)
  • Alexander W Butler, Gustavo Grullon, James P Weston, George Kanatas, Lubos Pastor, Gordon Philips +3 others
  • 2004
Previous studies have found that the proportion of equity in total new debt and equity issues is negatively correlated with future equity market returns. Researchers have interpreted this finding as evidence that corporate managers are able to predict the systematic component of their stock returns and to issue equity when the market is overvalued. In this(More)
Tech for useful comments and suggestions. We also thank Yaniv Grinstein for providing us the option backdating data. Abstract We provide evidence that religiosity deters undesirable corporate behavior. Firms headquartered in more religious counties are less likely to backdate options, practice aggressive earnings management, and be the target of class(More)
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