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Analyst coverage and corporate financing

Author

Listed:
  • Dong, Guangwu
  • Tian, Chengrun
  • Wang, Xining
  • Wang, Sanchuan

Abstract

This paper selects the data of listed companies from 2012 to 2021 as the research sample to explore the relationship between analyst coverage and corporate financing decisions. It is found that the higher the analyst coverage, the more enterprises tend to engage in debt financing. The role of analyst coverage on corporate financing methods is more evident in non-state-owned and small-scale enterprises.

Suggested Citation

  • Dong, Guangwu & Tian, Chengrun & Wang, Xining & Wang, Sanchuan, 2024. "Analyst coverage and corporate financing," Finance Research Letters, Elsevier, vol. 59(C).
    • Handle: RePEc:eee:finlet:v:59:y:2024:i:c:s1544612323011728
    DOI: 10.1016/j.frl.2023.104800
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    References listed on IDEAS

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    3. Zhou, Shuchao & He, Qiang & Zhao, Tianqi, 2025. "How does improvements in regional security level mitigate corporate financing constraints?," Finance Research Letters, Elsevier, vol. 79(C).
    4. Yin, Li & Han, Yuanhang & Shao, Jinan & Dai, Jing & Shou, Yongyi, 2025. "Does ESG rating divergence depress trade credit? A signaling theory perspective," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 203(C).

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