Dynamics of analysts' coverage and the firms' information environment
AbstractThe main goal of this paper is to study analysts' coverage of stocks. Through a series of ordered probit regressions the paper studies the relationship between changes in coverage and the information environment of a firm.
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Bibliographic InfoArticle provided by Elsevier in its journal International Review of Financial Analysis.
Volume (Year): 20 (2011)
Issue (Month): 5 ()
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Web page: http://www.elsevier.com/locate/inca/620166
Analysts' coverage; Analysts' behavior; Information environment; Financial markets; Stocks' coverage;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Christian Leuz, 2003. "Discussion of ADRs, Analysts, and Accuracy: Does Cross-Listing in the United States Improve a Firm's Information Environment and Increase Market Value?," Journal of Accounting Research, Wiley Blackwell, vol. 41(2), pages 347-362, 05.
- Croci, Ettore & Petmezas, Dimitris & Vagenas-Nanos, Evangelos, 2010. "Managerial overconfidence in high and low valuation markets and gains to acquisitions," International Review of Financial Analysis, Elsevier, vol. 19(5), pages 368-378, December.
- Ackert, Lucy F & Hunter, William C, 1994.
"Rational Expectations and the Dynamic Adjustment of Security Analysts' Forecasts to New Information,"
Journal of Financial Research,
Southern Finance Association & Southwestern Finance Association, vol. 17(3), pages 387-401, Fall.
- Lucy F. Ackert & William C. Hunter, 1993. "Rational expectations and the dynamic adjustment of security analysts' forecasts to new information," Working Paper 93-9, Federal Reserve Bank of Atlanta.
- Moshirian, Fariborz & Ng, David & Wu, Eliza, 2009. "The value of stock analysts' recommendations: Evidence from emerging markets," International Review of Financial Analysis, Elsevier, vol. 18(1-2), pages 74-83, March.
- Bhushan, Ravi, 1989. "Collection of information about publicly traded firms : Theory and evidence," Journal of Accounting and Economics, Elsevier, vol. 11(2-3), pages 183-206, July.
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