A
Alexander W. Butler
Researcher at Rice University
Publications - 72
Citations - 3348
Alexander W. Butler is an academic researcher from Rice University. The author has contributed to research in topics: Underwriting & Equity (finance). The author has an hindex of 26, co-authored 67 publications receiving 2950 citations. Previous affiliations of Alexander W. Butler include University of Texas at Dallas & Louisiana State University.
Papers
More filters
Journal ArticleDOI
Stock Market Liquidity and the Cost of Issuing Equity
TL;DR: The authors found that the difference in the investment banking fee for firms in the most liquid vs. the least liquid quintile is about 101 basis points or 21% of the average investment banking fees in their sample.
Posted Content
Don't Believe the Hype: Local Media Slant, Local Advertising, and Firm Value
TL;DR: This article found that positive local media slant strongly relates to firm equity values, and the effect is stronger for small firms, firms held predominantly by individual investors and firms with illiquid or highly volatile stock, low analyst following, or high dispersion of analyst forecasts.
Journal ArticleDOI
Don't Believe the Hype: Local Media Slant, Local Advertising, and Firm Value
TL;DR: This paper found that when local media report news about local companies, they use fewer negative words compared to the same media reporting about nonlocal companies, and that one reason for this positive slant is the firms' local media advertising expenditures.
Journal ArticleDOI
Corruption, Political Connections, and Municipal Finance
TL;DR: In this article, the authors exploit unique features of the U.S. municipal bond underwriting market to assess how political integrity affects primary financial market outcomes and show that state corruption and political connections have strong effects on several aspects of municipal bond sales and underwriting.
Journal ArticleDOI
Corruption, Political Connections, and Municipal Finance
TL;DR: In this article, the authors show that state corruption and political connections have strong effects on municipal bond sales and underwriting, and that higher state corruption is associated with higher credit risk and higher bond yields.