Bruce Grundy

The effect of investor sentiment and the structure of shareholder ownership on corporate investment

Hui Li, Bruce Grundy

Journal article  |  2022  |  INTERNATIONAL JOURNAL OF MANAGERIAL FINANCE

Purpose: This paper aims to investigate the relations amongst investor sentiment, the structure of shareholder ownership and corpo..

The external financing of investment

BD Grundy, P Verwijmeren

Journal article  |  2020  |  Journal of Corporate Finance

This paper investigates the impact of investment characteristics on the financing choice. We investigate instances of seasoned equ..

Why Do Option Prices Predict Stock Returns? The Role of Price Pressure in the Stock Market

Luis Goncalves-Pinto, Bruce D Grundy, Allaudeen Hameed, Thijs van der Heijden, Yichao Zhu

Journal article  |  2020  |  Management Science

Stock and options markets can disagree about a stock’s value because of informed trading in options and/or price pressure in the s..

Can Socially Responsible Firms Survive Competition? An Analysis of Corporate Employee Matching Grant Schemes

Ning Gong, Bruce D Grundy

Journal article  |  2019  |  Review of Finance

Employee matching grant schemes are coordination mechanisms that reduce free-riding by socially conscious employee-donors. Matchin..

The buyers' perspective on security design: Hedge funds and convertible bond call provisions

Bruce D Grundy, Patrick Verwijmeren

Journal article  |  2018  |  JOURNAL OF FINANCIAL ECONOMICS

We provide evidence that security design reflects the interplay of capital supplier and security issuer preferences. While call pr..

The Buyers' Perspective on Security Design: Hedge Funds and Convertible Bond Call Provisions

BD Grundy, P Verwijmeren

Journal article  |  2018  |  Journal of Financial Economics

We provide evidence that security design reflects the interplay of capital supplier and security issuer preferences. While call pr..

Disappearing Call Delay and Dividend-Protected Convertible Bonds

BD Grundy, P Verwijmeren

Journal article  |  2016  |  JOURNAL OF FINANCE

Firms do not historically call their convertible bonds as soon as conversion can be forced. A number of explanations for the delay..

The design of charitable fund-raising schemes: Matching grants or seed money

Ning Gong, Bruce D Grundy

Journal article  |  2014  |  JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION

For a fixed large donation a matching scheme that simply uses a one-for-one match ratio can actually raise less money than a seed ..

Why are conversion-forcing call announcements associated with negative wealth effects?

Bruce D Grundy, Chris Veld, Patrick Verwijmeren, Yuriy Zabolotnyuk

Journal article  |  2014  |  JOURNAL OF CORPORATE FINANCE

We analyze call announcement returns taking into account two recent developments in the convertible bond market: the inclusion of ..

Stock returns and the Miller Modigliani valuation formula: Revisiting the Fama French analysis

Gil Aharoni, Bruce Grundy, Qi Zeng

Journal article  |  2013  |  JOURNAL OF FINANCIAL ECONOMICS

Fama and French (2006) use the dividend-discount model to develop the role of expected profitability, expected investment, and the..