Determinants of the Informativeness of Analyst Research

By Richard M. Frankel, S. Kothari, Joseph P. Weber. 2006

662 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/16603e92be775cbe2daba4cd1414a96391414116

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Citations in the corpus

Does the Scope of the Sell-Side Analyst Industry Matter? An Examination of Bias, Accuracy, and Information Content of Analyst Reports: Does the Scope of the Sell-Side Analyst Industry Matter? (2017, positive): “Similar to Frankel, Kothari, and Weber (2006) and Lehavy, Li, and Merkley (2011)), we compute a monthly measure of aggregate Analyst Informativeness (AI).”
The Financial Analyst Forecasting Literature: A Taxonomy with Suggestions for Further Research (2008, neutral): “Frankel, Kothari, and Weber (2006) Archival, I/B/E/S, 1995-2002.”
Compensation committee governance quality, chief executive officer stock option grants, and future firm performance (2009, methodology): “If compensation committee governance quality has a positive impact on the performance consequences of CEO stock option grants, the coefficient γ3 will be positive and significant.14 To address issues of endogeneity, we use a two-stage regression procedure similar to Frankel et al. (2006).”
Information interpretation or information discovery: which role of analysts do investors value more? (2012, positive): “Adopting different research design, Francis et al. (2002) and Frankel et al. (2006) examine the information content of analyst research relative to that of earnings announcements.”
The Effect of Annual Report Readability on Analyst Following and the Properties of Their Earnings Forecasts (2011, positive): “Similar to Frankel et al. (2006), we measure the information content of analyst reports as the proportion of a firm’s stock returns related to analyst forecast revisions to the total stock return during the time period between the 10-K filing and the subsequent fiscal year-end.”
The Role of Corporate Social Responsibility (CSR) Information in Supply-Chain Contracting: Evidence from the Expansion of CSR Rating Coverage (2021, background): “13 Similarly, analyst research finds an asymmetric announcement price effect for credit ratings (Ederington and Goh 1998), analyst forecast revisions (Frankel et al. 2006), and corporate governance ratings (Guest and Nerino 2019).”
Externalities of Public Firm Presence: Evidence from Private Firms’ Investment Decisions (2013, neutral): “Besides firm-initiated disclosures, information intermediaries, such as financial analysts and the business press, analyze, summarize, and disseminate information about individual public firms as well as the overall industry and macro-economy (e.g., Asquith et al., 2005; Frankel et al., 2006).”
Capitalized Intangibles and Financial Analysts (2006, neutral): “Alford and Berger 1999; Frankel, Kothari and Weber 2002 ).”
On the Relationship between Analyst Reports and Corporate Disclosures: Exploring the Roles of Information Discovery and Interpretation (2010, result): “On the other hand, more recent studies (Francis et al. 2002; Frankel et al. 2006) present contrary”
The Effect of Compensation Committee Quality on the Association between CEO Cash Compensation and Accounting Performance (2009, neutral): “To control for this potential endogeneity, we use a two-stage regression procedure similar to a procedure used by Frankel, Kothari, and Weber (2006).”
Analyst Information Discovery and Interpretation Roles: A Topic Modeling Approach (2018, neutral): “Following Frankel et al. (2006), we measure the complexity of firm operations using the number of firm segments (# ).”