Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 13 of 13 for “"Analyst Following"”.
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Accurals quality and price synchronicity
… this further by partitioning the sample by analyst following. If earnings information complements analysts’ information, we expect to find a stronger negative relation between accruals quality and price synchronicity for firms that are followed by analysts. If, on the other hand, earnings …
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Analyzing M&A: The Effects of Institutional Investor Cross Ownership
… cash consideration in deals. Firms with greater analyst following and cross ownership as a percentage of total institutional ownership pay less fees, lower deal premiums, and less cash consideration in deals. Higher analyst following also contributes to lower completion probabilities while higher …
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Behavioral explanation for mispricing of IPO's discretionary current accruals and impact of firm's information environment of information asymmetry
… for all IPOs from 1962 to 1998, I obtain the following results. First, I fail to observe a negative association between discretionary current accruals and subsequent price performance for the 1926 to 1971 period. Second, my analysis reveals that the pattern of cross-sectional evidence is …
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Determinants and consequences of attribution statements on corporate financial performance outcomes in the annual report. An empirical analysis of UK listed firms.
… of equity capital, but only for rms with low analyst following. For these rms, more extensive performance explanations and more extensive internal explanations are associated with a higher cost of equity capital. However, attribution statements are unrelated to the cost of equity capital for …
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The Benefits of Mandatory Disclosure: Evidence from Regulation S-X Article 11
… disclosure, I test whether pro formas improve analyst forecasts or mitigate incentive alignment problems. Using a fuzzy regression discontinuity design, I provide evidence that pro formas reduce post-acquisition forecast errors and improve target selection. The improvement in forecast accuracy …
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The influence of corporate disclosure on investor confidence in Thai listed companies
… the sources of information used of by financial analysts and the fund managers in Thailand. Specifically, it explores the use financial analysts and fund managers make of different sources and channels of communication, and their views on the purpose and the quality of disclosure and of the …
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The Impact of Unions on Information Asymmetry
… (proxied for by insider trading activity, analyst following, and analyst dispersion). I also examine whether employee ownership impacts the effect of company-specific measures of employee unionization on my market-based measures of information asymmetry. I find mixed results that provide …
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Analysts' Private Connections
In this dissertation, I examine how analysts’ private connections to external peers across brokerages affect the quality of their research. I find that analysts with private connections (i.e., who are connected to external peers via past employment ties and covering the same firm) issue more …
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Piotroski's F-Score in the Chinese A-Share market
… strategy are concentrated in low liquidity and analyst following sample. Within the high BM firm sample, Piotroski's F-Score strategy cannot generate any significant return. The excess return of a low BM sample persists across time, as well as after controlling for size, book-to-market ratio, …
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Corporate governance disclosure and information asymmetry: Evidence from South Africa
… size, board independence, audit committee size, analyst following, systematic risk, free float, the inverse of assets and profitability as control variables, panel data regression methodology is applied to a sample of 103 companies listed on the JSE from 2009 to 2021 in order to explore the …
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To comply or not to comply : an empirical study of the relationship and impact of the combined code on uk firms
… with the principles of the Code and would rather following their own measures or standards of good governance. In order to address this, I will investigate what makes the firms that fully comply with the Code differ from than those that do not in term of safeguarding the welfare of stakeholders …
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Two Essays on Ownership and Market Characteristics
Theoretical models suggest that ownership structure may be an important determinant of securities' market characteristics. For example, the presence of informed traders leads to greater bid-ask spreads (Copeland and Galai (1983), and Glosten and Milgrom (1985)), and strategic trading of informed …
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Passive Institutional Ownership, Firm Disclosure, and Post-earnings Announcement Drift
… firms with higher passive ownership have higher analyst following, lower forecast dispersion, bid-ask spreads, and probability of an informed trade, consistent with a better overall firm information environment for firms with higher passive ownership. Chapter three tests the impact of passive …