Search Results - "Pantzalis, Christos"

The influence of political bias in state pension funds by Bradley, Daniel, Pantzalis, Christos, Yuan, Xiaojing

“…Using a sample of state pension funds’ equity holdings, we find evidence of not only local bias, but also bias towards politically-connected stocks. Political…”
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Lottery-type stocks and corporate strategies at the turn of the month by Meng, Yun, Pantzalis, Christos

“…We show that retail investors’ cyclical demand for lottery stocks, which tends to peak at the turn-of-the-month (ToM), has implications for firms’ financial…”
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Does CEO myopia impede growth opportunities? by Antia, Murad, Pantzalis, Christos, Park, Jung Chul

“…We present evidence that the negative impact of CEO short-termism on firm value can be attributed to a sub-optimal exercise of real options. Accordingly, the…”
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Equity market valuation of human capital and stock returns by Pantzalis, Christos, Park, Jung Chul

“…We investigate whether and how well firms’ stock market valuations reflect their employees’ collective skills and effectiveness relative to that of their…”
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Agency Costs and Equity Mispricing by Pantzalis, Christos, Park, Jung Chul

“…We investigate a link between agency costs and equity mispricing. We employ comprehensive, multi‐dimensional measures of agency costs and mispricing, and find…”
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Operational Hedges and the Foreign Exchange Exposure of U.S. Multinational Corporations by Pantzalis, Christos, Simkins, Betty J., Laux, Paul A.

“…This paper examines the impact of operational hedges of US multinational corporations (MNCs) on their exchange rate exposure. The two important contributions…”
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Multinationality and the value of green innovation by Kim, Incheol, Pantzalis, Christos, Zhang, Zhengyi

“…When do multinational corporations (MNCs) derive the most from internalizing the transfer of proprietary technological knowhow? We revisit this question, which…”
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Religious holidays, investor distraction, and earnings announcement effects by Pantzalis, Christos, Ucar, Erdem

“…We examine price reactions to U.S. firms’ earnings announcements during Easter week in order to analyze whether and how the religious holiday calendar impacts…”
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Policy risk, corporate political strategies, and the cost of debt by Bradley, Daniel, Pantzalis, Christos, Yuan, Xiaojing

“…We examine how political geography affects firms' cost of debt. Local policy risk, measured by proximity to political power reflected in firms' position in the…”
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Monthly cyclicality in retail Investors’ liquidity and lottery-type stocks at the turn of the month by Meng, Yun, Pantzalis, Christos

“…The well-documented underperformance of lottery stocks masks a within-month cyclical pattern. Demand for lottery stocks increases at the turn of the month,…”
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Allergy onset and local investor distraction by Pantzalis, Christos, Ucar, Erdem

“…We posit that investor distraction can be exogenously triggered by allergy onset's degrading effects on local investors’ health and cognitive functioning. We…”
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Idiosyncratic volatility: An indicator of noise trading? by Aabo, Tom, Pantzalis, Christos, Park, Jung Chul

“…We investigate the market efficiency implications of firm-specific return variation measured by absolute idiosyncratic volatility. We find that the absolute…”
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The effect of proximity to political power on corporate cash policy by Magerakis, Efstathios, Pantzalis, Christos, Park, Jung Chul

“…We expand on prior evidence that national-level policy uncertainty affects corporate cash policies and hypothesize that political geography has a significant…”
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Does local culture trigger speculative investment behavior? by Lee, Suin, Pantzalis, Christos, Park, Jung Chul

“…The average investor who lives in a state with relatively higher alcohol consumption is more likely to buy and sell lottery-type stocks and to trade more…”
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CEO decision horizon and firm performance: An empirical investigation by Antia, Murad, Pantzalis, Christos, Park, Jung Chul

“…We investigate the effect of top managers' myopia on firms' market valuation. We devise a measure of expected CEO tenure as a proxy for the length of CEO…”
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Why corporate political geography matters for stock returns by Meng, Yun, Pantzalis, Christos, Park, Jung Chul

“…What are the drivers of the impressive performance derived from investment strategies designed to exploit firms' geographic proximity to political power (PAI)?…”
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Interstate migration networks and stock return comovement by Lee, Suin, Pantzalis, Christos, Park, Jung Chul

“…We document sizable and robust excess return comovement between migration‐flow receiving and sending states at the state‐portfolio level. Migration comovement…”
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Too close for comfort? Geographic propinquity to political power and stock returns by Pantzalis, Christos, Park, Jung Chul

“…We show that firm headquarters’ geographic proximity to political power centers (state capitals) is associated with higher abnormal returns. Consistent with…”
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Interstate migration‐based social networks and M&A decisions by Lee, Suin, Pantzalis, Christos, Park, Jung Chul

“…Acquisition decisions and outcomes are found to be associated with the availability of interstate migration‐based social networks. The likelihood of bidders…”
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Shareholder coordination and stock price informativeness by Kim, Incheol, Pantzalis, Christos, Wang, Bin

“…We show that firm‐specific information is more likely to be incorporated into stock prices when firms have stronger shareholder coordination. The premise of…”
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