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 17 of 17 for “"analyst coverage"”.
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Analyst Coverage and Tax Reporting Aggressiveness
The role of analysts in corporate governance has been examined extensively in the accounting literature. Two conflicting representations of the influence of analysts have emerged. Analysts are either viewed as external monitors of corporate behavior, thereby reducing agency costs; or they are …
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Three essays in corporate finance
… I examine the influence of sell-side financial analysts on corporate social responsibility (CSR), and find that firms with greater analyst coverage tend to be less socially responsible. To establish causality, I employ a difference-in-differences (DiD) technique, using brokerage closures and …
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Comovement and the News
… location, as well as institutional holding and analyst coverage. These results contribute to the growing literature examining the role of the media in financial markets, and provide empirical support for an alternative description of return comovement that does not depend on friction-based …
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The Causal Effects of Mandatory Quarterly Earnings Guidance on Corporate Information Environment and Corporate Short-Termism
… environment deteriorates, evidenced by reduced analyst coverage, fewer site visits, and lower price timeliness, meaning that stock prices incorporate less information about current and future earnings. However, these firms increase R&D and SG&A spending, consistent with alleviated managerial …
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Essays in corporate finance and financial institutions
… regulatory restrictions on cooperation between analysts and investment bankers adversely affect equity research coverage. Contrary to the hypothesis, I find that firms engaging in SEO's enjoy just as large an increase in analyst coverage in the post-regulatory period as they do in the …
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Three Studies on Hedging Activities and Managerial Opportunism
… reporting is more pronounced for firms with less analyst coverage and fewer independent boards. Overall, the results suggest that insiders who have shares under pledge report non-GAAP earnings opportunistically. The third study explores the impact of share pledging on workplace safety. Using …
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Three Studies on Hedging Activities and Managerial Opportunism
… reporting is more pronounced for firms with less analyst coverage and fewer independent boards. Overall, the results suggest that insiders who have shares under pledge report non-GAAP earnings opportunistically. The third study explores the impact of share pledging on workplace safety. Using …
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Determinants of REIT franchise value
… concluded that REITs with relatively higher analyst coverage and a larger following by institutional investors tend to perform better than other REIT stocks.
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The Influence of Stock Market Liquidity on Dividend Changes in Europe.
… their dividends. Since company size and stock analysts are frequently analyzed as having influence on both dividend changes and liquidity levels, a moderation and mediation analysis is employed to test whether stock liquidity influences the effect of company size and stock analysts on dividend …
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Two Essays on the Probability of Informed Trading
… produced during the premarket and the analyst coverage in the aftermarket are the main channels through which co-managers mitigate the information asymmetry risk in the secondary market.
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Three Essays on Behavioral Bias in the Financial Market
… size, lower institutional ownership, and lower analyst coverage. We further use the U.S.-China trade war as an exogenous shock to the measure of journalist surname favorability and show that news articles released by journalists with Chinese-origin surnames elicit weaker market reactions during …
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Three Essays on Behavioral Bias in the Financial Market
… size, lower institutional ownership, and lower analyst coverage. We further use the U.S.-China trade war as an exogenous shock to the measure of journalist surname favorability and show that news articles released by journalists with Chinese-origin surnames elicit weaker market reactions during …
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Partitioning market efficiencies by analyst attention: the case of annual earnings announcements
… to divergent levels of professional securities analyst attention. As a significant group of information intermediaries, analyst institutions conceivably influence, in a profound manner, the efficiency with which security prices respond to new information. Consistent with this notion is the …
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ESSAYS ON FINANCIAL INTERMEDIARIES IN CAPITAL MARKET
… the productivity of professional financial analysts, whose output is highly crucial in the capital market. We use 21 major natural disasters in the U.S. and find that disaster-zone analysts reduce their forecast accuracy by reiterating their previous forecast within 3 months after disasters. …
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Textual analysis, information diffusion, and asset returns
… to the option traders. I find that firm size and analyst coverage explain most of the predictability for volatility spikes. At the same time, text sentiment proves to be useful in prediction of sudden drops in stock price.
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Essays in empirical corporate finance and banking
… through their effect on the extent of research coverage by sell-side equity analysts. The broker mergers cause brokers operation to be terminated, and the level of analyst coverage decreases for the firms previously covered by these analysts. I show when asymmetry in information increases, …
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Three essays in corporate finance
… that do not depend on banks, without long-term analyst coverage, without credit ratings, and with no new debt or equity issuance. The freed-up capital indeed goes toward share repurchase programs: firms buyback on average 84% of the predetermined amount of the shares. The third essay, …