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Dynamics of analysts' coverage and the firms' information environment

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  • Giraldo, Marcela

Abstract

The 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.

Suggested Citation

  • Giraldo, Marcela, 2011. "Dynamics of analysts' coverage and the firms' information environment," International Review of Financial Analysis, Elsevier, vol. 20(5), pages 345-354.
    • Handle: RePEc:eee:finana:v:20:y:2011:i:5:p:345-354
    DOI: 10.1016/j.irfa.2011.06.003
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    References listed on IDEAS

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    1. 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.
    2. 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, John Wiley & Sons, Ltd., vol. 41(2), pages 347-362, May.
    3. 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.
    4. Mark H. Lang & Karl V. Lins & Darius P. Miller, 2003. "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, John Wiley & Sons, Ltd., vol. 41(2), pages 317-345, May.
    5. 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.
    6. Lucy F. Ackert & William C. Hunter, 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, September.
    7. Jennifer L. Juergens & Laura Lindsey, 2009. "Getting Out Early: An Analysis of Market Making Activity at the Recommending Analyst's Firm," Journal of Finance, American Finance Association, vol. 64(5), pages 2327-2359, October.
    8. Mary E. Barth & Ron Kasznik & Maureen F. McNichols, 2001. "Analyst Coverage and Intangible Assets," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 39(1), pages 1-34, June.
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    Cited by:

    1. Zuo, Yuehua & Liu, Xiaojun & Jiang, Feng & Shen, Shulin, 2024. "Sharpened “Real Teeth” of China's securities regulatory agency: Evidence from CEO turnover," International Review of Economics & Finance, Elsevier, vol. 96(PB).
    2. Imam, Shahed & Chan, Jacky & Shah, Syed Zulfiqar Ali, 2013. "Equity valuation models and target price accuracy in Europe: Evidence from equity reports," International Review of Financial Analysis, Elsevier, vol. 28(C), pages 9-19.
    3. Hassan, Omaima A.G. & Skinner, Frank S., 2016. "Analyst coverage: Does the listing location really matter?," International Review of Financial Analysis, Elsevier, vol. 46(C), pages 227-236.

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