Gustavo Grullon

Rice University - Jesse H. Jones Graduate School of Business

Professor of Finance

P.O. Box 2932

Houston, TX 77252-2932

United States

http://www.ruf.rice.edu/~grullon/

  • Rice University - Jesse H. Jones Graduate School of Business

    • Email
    • Tel: (713) 348-6138
    • Fax: (713) 348-6331
SCHOLARLY PAPERS

30

DOWNLOADS
Rank 828

SSRN RANKINGS

Top 828

in Total Papers Downloads

28,925

SSRN CITATIONS
Rank 3,040

SSRN RANKINGS

Top 3,040

in Total Papers Citations

219

CROSSREF CITATIONS

141

Scholarly Papers (30)

Actions:
Email selected abstracts
1.

Are U.S. Industries Becoming More Concentrated?

Forthcoming, Review of Finance, Swiss Finance Institute Research Paper No. 19-41
Number of pages: 82 Posted: 31 May 2015 Last Revised: 11 Sep 2019
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 5,851 (1,187)
Citation 11

Abstract:

Loading...

industry concentration; HHI; product markets; profit margins; publicly-traded firms; M&A; antitrust

2.

Dividends, Share Repurchases, and the Substitution Hypothesis

Downloads 4,325 ( 2,023)
Citation 31

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 4,325 (1,986)
Citation 31

Abstract:

Loading...

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:

Loading...

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 2,532 (5,081)
Citation 32

Abstract:

Loading...

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 1,814 (8,882)
Citation 24

Abstract:

Loading...

5.

Dividend Policy and Product Market Competition

Number of pages: 46 Posted: 20 Mar 2007 Last Revised: 09 Mar 2019
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 1,532 (11,646)
Citation 32

Abstract:

Loading...

Payout Policy, Dividends, Share Repurchases, Product Market Competition

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 1,375 (13,842)
Citation 19

Abstract:

Loading...

Volatility, Risk, Stock Returns, Real Options

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 1,244 (16,155)
Citation 2

Abstract:

Loading...

Liquidity, Cost of capital, investment banking

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 1,184 (17,427)
Citation 40

Abstract:

Loading...

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 920 (25,282)
Citation 2

Abstract:

Loading...

Executive Compensation, Short-Selling Constraints,Risk-Taking Incentives, Left-Tail Risk, Stock Price Informativeness

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 849 (28,317)
Citation 20

Abstract:

Loading...

Corporate Investment, Financing Decisions, Short-selling Constraints, Financial Constraints, Bear raids,

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 718 (35,711)
Citation 90

Abstract:

Loading...

12.

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 651 (40,743)
Citation 5

Abstract:

Loading...

13.

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 648 (40,991)
Citation 7

Abstract:

Loading...

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 625 (43,045)
Citation 16

Abstract:

Loading...

Corporate Governance, Product Market Competition, Sarbanes Oxley

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 595 (45,952)
Citation 20

Abstract:

Loading...

16.

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 548 (51,011)
Citation 9

Abstract:

Loading...

Idiosyncratic Risk

17.

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 527 (53,663)
Citation 20

Abstract:

Loading...

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 453 (64,768)
Citation 8

Abstract:

Loading...

Market Timing, Financing Decisions, Investment Policy

19.

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 443 (66,457)

Abstract:

Loading...

Sales Seasonality, Stock Returns, Investor Attention

20.

Closed-End Fund Discounts with Informed Ownership Differential

Downloads 420 ( 70,963)
Citation 1

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 420 (70,302)
Citation 1

Abstract:

Loading...

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:

Loading...

Closed-end fund discount, asymmetric information, informed ownership, anomaly, asset pricing

21.

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

Downloads 413 ( 72,446)

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 413 (71,765)
Citation 14

Abstract:

Loading...

Debt maturity, market timing, market efficiency, behavioral finance

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:

Loading...

Debt maturity, market timing, market efficiency, behavioral finance

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 285 (109,973)
Citation 9

Abstract:

Loading...

Market Timing, Spurious Regressions

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 273 (115,132)
Citation 3

Abstract:

Loading...

dividends, share repurchases, net payouts

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 223 (141,282)
Citation 2

Abstract:

Loading...

comovement, investment banking

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 172 (179,458)
Citation 1

Abstract:

Loading...

26.

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 121 (238,721)
Citation 2

Abstract:

Loading...

Aggregate Investment, Q-Theory, Cashflow, Accelerator

27.

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 119 (243,312)
Citation 4

Abstract:

Loading...

aggregate investment, financial constraints, investment concentration, q-theory

28.

The Worst of Both Worlds: Megamergers are Anticompetitive and Inefficient

SMU Cox School of Business Research Paper No. 19-9
Number of pages: 51 Posted: 15 Jul 2019 Last Revised: 04 Sep 2019
Alexander W. Butler, Gustavo Grullon and Gabriele Lattanzio
Rice University - Jesse H. Jones Graduate School of Business, Rice University - Jesse H. Jones Graduate School of Business and Southern Methodist University (SMU) - Finance Department
Downloads 65 (352,945)

Abstract:

Loading...

Mergers and Acquistions; Megamergers; Merger Gains

29.

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:

Loading...

30.

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

Abstract:

Loading...

Other Papers (1)

Total Downloads: 232
Actions:
Email selected abstracts
1.

Research Insights and the Halliburton-Baker Hughes Merger

“RESEARCH INSIGHTS AND THE Halliburton-Baker Hughes Merger,” Yvonne Taylor, Gustavo Grullon and Vikas Mittal, Jones Journal, Spring, 2015, 30-33.
Number of pages: 4 Posted: 29 Apr 2015
Gustavo Grullon, Vikas Mittal and M. Yvonne Taylor
Rice University - Jesse H. Jones Graduate School of Business, Rice University and University of Texas at Austin
Downloads 232

Abstract:

Loading...