This paper examines the propensity of firms to comove in investment decisions. Although stock return comovement and herding among investors received considerable attention in existing work, little is known about correlated investment behavior of firms. After controlling for the similarity of...

The prominence of foreign issuers in the US market has grown significantly over time. In this paper we examine the IPOs of foreign issuers around the 2012 JOBS Act, which provided emerging growth companies (EGCs) with disclosure and offering process accommodations. We find systematic differences...