Author Page for Gustavo Grullon

Are U.S. Industries Becoming More Concentrated?

Forthcoming, Review of Finance

Number of pages: 80 Posted: 31 May 2015 Last Revised: 27 Oct 2018

Gustavo Grullon, Yelena Larkin and Roni Michaely

Rice University - Jesse H. Jones Graduate School of Business, York University - Schulich School of Business and University of Geneva - Geneva Finance Research Institute (GFRI)

Downloads 4,594 (1,628)

Abstract:

2.

Dividends, Share Repurchases, and the Substitution Hypothesis

Downloads 4,243 ( 1,866)

Citation 239

2

Dividends, Share Repurchases, and the Substitution Hypothesis

AFA 2002 Atlanta Meetings

Number of pages: 51 Posted: 26 Apr 2000

Gustavo Grullon and Roni Michaely

Rice University - Jesse H. Jones Graduate School of Business and University of Geneva - Geneva Finance Research Institute (GFRI)

Downloads 4,243 (1,838)

Citation 239

Abstract:

Dividends, Share Repurchases, and the Substitution Hypothesis

Journal of Finance, Vol. 57, pp. 1649-1684, 2002

Posted: 29 Dec 2003

Gustavo Grullon and Roni Michaely

Rice University - Jesse H. Jones Graduate School of Business and University of Geneva - Geneva Finance Research Institute (GFRI)

Abstract:

3.

Dividend Changes Do Not Signal Changes in Future Profitability

Number of pages: 38 Posted: 08 Oct 2003

Gustavo Grullon, Roni Michaely, Shlomo Benartzi and Richard H. Thaler

Rice University - Jesse H. Jones Graduate School of Business, University of Geneva - Geneva Finance Research Institute (GFRI), University of California at Los Angeles and University of Chicago - Booth School of Business

Downloads 2,513 (4,615)

Citation 46

Abstract:

4.

The Information Content of Share Repurchase Programs

Number of pages: 44 Posted: 30 Mar 2000

Gustavo Grullon and Roni Michaely

Rice University - Jesse H. Jones Graduate School of Business and University of Geneva - Geneva Finance Research Institute (GFRI)

Downloads 1,792 (8,223)

Citation 126

Abstract:

5.

Corporate Payout Policy and Product Market Competition

AFA 2008 New Orleans Meetings Paper

Number of pages: 35 Posted: 20 Mar 2007

Gustavo Grullon and Roni Michaely

Rice University - Jesse H. Jones Graduate School of Business and University of Geneva - Geneva Finance Research Institute (GFRI)

Downloads 1,431 (11,825)

Citation 9

Abstract:

6.

Real Options, Volatility, and Stock Returns

Journal of Finance, Vol. 67, pp. 1499-1536, 2012

Number of pages: 49 Posted: 08 Mar 2008 Last Revised: 25 Mar 2013

Gustavo Grullon, Evgeny Lyandres and Alexei Zhdanov

Rice University - Jesse H. Jones Graduate School of Business, Boston University and Pennsylvania State University

Downloads 1,358 (12,883)

Citation 13

Abstract:

7.

Stock Market Liquidity and the Cost of Raising Capital

Number of pages: 37 Posted: 16 Dec 2002

James Weston, Gustavo Grullon and Alexander W. Butler

Rice University - Jesse H. Jones Graduate School of Business, Rice University - Jesse H. Jones Graduate School of Business and Rice University - Jesse H. Jones Graduate School of Business

Downloads 1,232 (14,983)

Citation 7

Abstract:

8.

Religion and Corporate (Mis)Behavior

Number of pages: 39 Posted: 12 Sep 2009 Last Revised: 16 Mar 2010

Gustavo Grullon, George Kanatas and James Weston

Rice University - Jesse H. Jones Graduate School of Business, Rice University - Jesse H. Jones Graduate School of Business and Rice University - Jesse H. Jones Graduate School of Business

Downloads 1,118 (17,359)

Citation 7

Abstract:

9.

The Effects of Short-Selling Threats on Incentive Contracts: Evidence from an Experiment

Review of Financial Studies, Forthcoming

Number of pages: 48 Posted: 24 Mar 2013 Last Revised: 18 Oct 2016

David De Angelis, Gustavo Grullon and Sebastien Michenaud

Rice University - Jesse H. Jones Graduate School of Business, Rice University - Jesse H. Jones Graduate School of Business and Kellstadt Graduate School of Business

Downloads 884 (24,597)

Abstract:

10.

The Real Effects of Short-Selling Constraints

Number of pages: 51 Posted: 16 Nov 2011 Last Revised: 12 Jun 2014

Gustavo Grullon, Sebastien Michenaud and James Weston

Rice University - Jesse H. Jones Graduate School of Business, Kellstadt Graduate School of Business and Rice University - Jesse H. Jones Graduate School of Business

Downloads 812 (27,805)

Citation 4

Abstract:

11.

Advertising, Breadth of Ownership, and Liquidity

AFA 2003 Washington, DC Meetings

Number of pages: 35 Posted: 25 Mar 2002

Gustavo Grullon, George Kanatas and James Weston

Rice University - Jesse H. Jones Graduate School of Business, Rice University - Jesse H. Jones Graduate School of Business and Rice University - Jesse H. Jones Graduate School of Business

Downloads 709 (33,443)

Citation 92

Abstract:

12.

Does Stock Market Liquidity Matter? Evidence from Seasoned Equity Offerings

AFA 2004 San Diego Meetings

Number of pages: 37 Posted: 29 Nov 2003

Alexander W. Butler, Gustavo Grullon and James Weston

Rice University - Jesse H. Jones Graduate School of Business, Rice University - Jesse H. Jones Graduate School of Business and Rice University - Jesse H. Jones Graduate School of Business

Downloads 647 (37,849)

Citation 7

Abstract:

13.

Financing Decisions and Advertising: An Empirical Study of Capital Structure and Product Market Competition

Number of pages: 44 Posted: 18 Jun 2002

Gustavo Grullon, George Kanatas and Piyush Kumar

Rice University - Jesse H. Jones Graduate School of Business, Rice University - Jesse H. Jones Graduate School of Business and Vanderbilt University - Owen Graduate School of Management

Downloads 645 (37,981)

Citation 3

Abstract:

14.

Product Market Competition and Internal Governance: Evidence from the Sarbanes Oxley Act

AFA 2013 San Diego Meetings Paper, Forthcoming, Management Science, Johnson School Research Paper Series No. 18-2012

Number of pages: 45 Posted: 20 Mar 2012 Last Revised: 24 Nov 2015

Vidhi Chhaochharia, Yaniv Grinstein, Gustavo Grullon and Roni Michaely

University of Miami - Department of Finance, Cornell University - Samuel Curtis Johnson Graduate School of Management, Rice University - Jesse H. Jones Graduate School of Business and University of Geneva - Geneva Finance Research Institute (GFRI)

Downloads 607 (41,150)

Citation 2

Abstract:

15.

IPO Vintage and the Rise of Idiosyncratic Risk

7th Annual Texas Finance Festival Paper

Number of pages: 35 Posted: 04 Feb 2005

Jason Fink, Gustavo Grullon, Kristin Fink and James Weston

James Madison University - College of Business, Rice University - Jesse H. Jones Graduate School of Business, James Madison University - College of Business and Rice University - Jesse H. Jones Graduate School of Business

Downloads 584 (43,302)

Citation 18

Abstract:

16.

Can Managers Forecast Aggregate Market Returns?

Number of pages: 29 Posted: 26 May 2003

Alexander W. Butler, Gustavo Grullon and James Weston

Rice University - Jesse H. Jones Graduate School of Business, Rice University - Jesse H. Jones Graduate School of Business and Rice University - Jesse H. Jones Graduate School of Business

Downloads 521 (50,160)

Citation 36

Abstract:

17.

Firm Age and Fluctuations in Idiosyncratic Risk

Number of pages: 40 Posted: 16 Mar 2006

Jason Fink, Gustavo Grullon, Kristin Fink and James Weston

James Madison University - College of Business, Rice University - Jesse H. Jones Graduate School of Business, James Madison University - College of Business and Rice University - Jesse H. Jones Graduate School of Business

Downloads 519 (50,408)

Citation 8

Abstract:

18.

Corporate Financing Decisions, Managerial Market Timing, and Real Investment

Journal of Financial Economics (JFE), Vol. 101, No. 3, 2011

Number of pages: 52 Posted: 30 Mar 2009 Last Revised: 23 Sep 2014

Alexander W. Butler, Jess Cornaggia, Gustavo Grullon and James Weston

Rice University - Jesse H. Jones Graduate School of Business, Pennsylvania State University - Department of Finance, Rice University - Jesse H. Jones Graduate School of Business and Rice University - Jesse H. Jones Graduate School of Business

Downloads 444 (61,229)

Citation 5

Abstract:

19.

Closed-End Fund Discounts with Informed Ownership Differential

Downloads 416 ( 66,244)

Citation 3

2

Closed-End Fund Discounts with Informed Ownership Differential

Number of pages: 66 Posted: 29 Mar 2000

Gustavo Grullon and F. Albert Wang

Rice University - Jesse H. Jones Graduate School of Business and University of Dayton - School of Business Administration - Department of Economics and Finance

Downloads 416 (65,625)

Citation 3

Abstract:

Closed-End Fund Discounts with Informed Ownership Differential

Forthcoming in Journal of Financial Intermediation

Posted: 23 May 2001

Gustavo Grullon and F. Albert Wang

Rice University - Jesse H. Jones Graduate School of Business and University of Dayton - School of Business Administration - Department of Economics and Finance

Abstract:

20.

Can Managers Successfully Time the Maturity Structure of Their Debt Issues?

Downloads 410 ( 67,426)

2

Can Managers Successfully Time the Maturity Structure of Their Debt Issues?

Number of pages: 37 Posted: 27 Jul 2004

Alexander W. Butler, Gustavo Grullon and James Weston

Rice University - Jesse H. Jones Graduate School of Business, Rice University - Jesse H. Jones Graduate School of Business and Rice University - Jesse H. Jones Graduate School of Business

Downloads 410 (66,805)

Citation 14

Abstract:

Can Managers Successfully Time the Maturity Structure of their Debt Issues?

Journal of Finance, Forthcoming

Posted: 23 Mar 2006

Gustavo Grullon, Alexander W. Butler and James Weston

Rice University - Jesse H. Jones Graduate School of Business, Rice University - Jesse H. Jones Graduate School of Business and Rice University - Jesse H. Jones Graduate School of Business

Abstract:

21.

When Low Beats High: Riding the Sales Seasonality Premium

Number of pages: 59 Posted: 21 May 2018 Last Revised: 27 May 2018

Gustavo Grullon, Yamil Kaba and Alexander Nuñez-Torres

Rice University - Jesse H. Jones Graduate School of Business, Rice University - Jesse H. Jones Graduate School of Business and CUNY Lehman College

Downloads 324 (88,589)

Abstract:

22.

A Note on Nonsense Predictive Regressions Arising from Structural Breaks

Number of pages: 9 Posted: 03 Aug 2006

Alexander W. Butler, Gustavo Grullon and James Weston

Rice University - Jesse H. Jones Graduate School of Business, Rice University - Jesse H. Jones Graduate School of Business and Rice University - Jesse H. Jones Graduate School of Business

Downloads 282 (103,071)

Citation 2

Abstract:

23.

Has the Propensity to Pay Out Declined?

Number of pages: 34 Posted: 02 Sep 2007

Gustavo Grullon, Bradley S. Paye, Shane Underwood and James Weston

Rice University - Jesse H. Jones Graduate School of Business, Virginia Polytechnic Institute & State University - Department of Finance, Insurance, and Business Law, Baylor University and Rice University - Jesse H. Jones Graduate School of Business

Downloads 272 (107,101)

Citation 11

Abstract:

24.

Comovement and Investment Banking Networks

Journal of Financial Economics (JFE), Vol. 113, No. 1, 2014

Number of pages: 51 Posted: 05 Aug 2010 Last Revised: 04 Jul 2014

Gustavo Grullon, Shane Underwood and James Weston

Rice University - Jesse H. Jones Graduate School of Business, Baylor University and Rice University - Jesse H. Jones Graduate School of Business

Downloads 219 (133,427)

Abstract:

25.

Equity Issues and Returns: Managerial Timing, Reaction, or Both?

Number of pages: 36 Posted: 11 Dec 2008 Last Revised: 04 Mar 2009

Alexander W. Butler, Jess Cornaggia, Gustavo Grullon and James Weston

Rice University - Jesse H. Jones Graduate School of Business, Pennsylvania State University - Department of Finance, Rice University - Jesse H. Jones Graduate School of Business and Rice University - Jesse H. Jones Graduate School of Business

Downloads 170 (168,427)

Citation 2

Abstract:

26.

A Granular Analysis of Corporate Investment

Number of pages: 39 Posted: 03 Aug 2013

Gustavo Grullon, John Hund and James Weston

Rice University - Jesse H. Jones Graduate School of Business, University of Georgia and Rice University - Jesse H. Jones Graduate School of Business

Downloads 113 (233,530)

Abstract:

27.

Concentrating on Q and Cash Flow

Number of pages: 40 Posted: 03 Feb 2017

Gustavo Grullon, John Hund and James Weston

Rice University - Jesse H. Jones Graduate School of Business, University of Georgia and Rice University - Jesse H. Jones Graduate School of Business

Downloads 110 (238,053)

Abstract:

28.

Product Market Competition and Agency Conflicts: Evidence from the Sarbanes Oxley Act

Posted: 19 Mar 2008 Last Revised: 23 Nov 2015

Vidhi Chhaochharia, Gustavo Grullon, Yaniv Grinstein and Roni Michaely

University of Miami - Department of Finance, Rice University - Jesse H. Jones Graduate School of Business, Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Geneva - Geneva Finance Research Institute (GFRI)

Abstract:

29.

Are Dividend Changes a Sign of Firm Maturity?

The Journal of Business, Vol. 75, No. 3, July 2002

Posted: 22 Jul 2003

Gustavo Grullon, Roni Michaely and Bhaskaran Swaminathan

Rice University - Jesse H. Jones Graduate School of Business, University of Geneva - Geneva Finance Research Institute (GFRI) and LSV Asset Management

Gustavo Grullon

Rice University - Jesse H. Jones Graduate School of Business

Professor of Finance

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Scholarly Papers (29)

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