This paper documents the spillover effect of firms' financial restatements on their peer firms' stock repurchases. In a difference-in-differences setting, I find a causal relationship where one firm's financial restatement increases its peer firms’ propensity to repurchase shares by 12.9...

I analyze attention-induced stock repurchases. I hypothesize that firms that announce an open market repurchase program of a certain size are likely to follow through to a larger extent if they receive greater investor attention to their repurchase behavior. I test this hypothesis using 10-K and...