...Cyrus Aghamolla; Ilan Guttman ABSTRACT We study a dynamic timing game between multiple firms, who decide when to go public in the presence of possible information externalities. A firm's IPO pricing is a function of its privately observed idiosyncratic type and the level of investor sentiment...

...James P. Naughton; Clare Wang; Ira Yeung ABSTRACT We document time-varying investor sentiment for corporate social responsibility (CSR) performance. We show that announcements of CSR activities generate positive abnormal returns during periods when investors place a valuation premium on CSR...

...G. Mujtaba Mian; Srinivasan Sankaraguruswamy ABSTRACT We examine whether market-wide investor sentiment influences the stock price sensitivity to firm-specific earnings news. Using the recently developed measure of investor sentiment by Baker and Wurgler (2006 ), we find that the stock price...