Analyst forecast characteristics and the cost of debt

By Sattar A. Mansi, William F. Maxwell, Darius P. Miller. 2011

223 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/25dc0ee87a71bf47dc3cdf919ce691a612f43e72

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Finance

Citations in the corpus

Corporate Social Responsibility and the Cost of Corporate Bonds (2015, methodology): “Prior research focuses largely on using financial attributes to explain corporate bond financing patterns (Bharath et al., 2008; Jiang, 2008; Mansi et al., 2011).”
The impact of corporate social performance on the cost of debt and access to debt financing for listed European non-financial firms (2017, background): “2009) and on cost of debt (Byun et al., 2013; Mansi et al., 2011), which excluded this sector in their analyses.”
The impact of narrative disclosure readability on bond ratings and the cost of debt (2017, unknown): “Specifically, while Sengupta (1998) and Yu (2005) document that higher AIMR rankings are associated with lower effective interest rates on new debt issuances, Mansi et al. (2011) cannot detect any impact of the rankings on offering credit spreads.”
Do Nonfinancial Stakeholders Affect the Pricing of Risky Debt? Evidence from Unionized Workers (2012, unknown): “…that bond yields are negatively related to board independence (Bhojraj and Sengupta, 2003), disclosure quality (Sengupta, 1998), antitakeover provisions (Klock et al., 2005), analyst coverage and forecast accuracy (Mansi et al., 2009a), and more restrictive payout statutes (Mansi et al., 2009b).”
Information Asymmetry, the Cost of Debt, and Credit Events: Evidence from Quasi-Random Analyst Disappearances (2016, background): “Electronic copy available at: https://ssrn.com/abstract=2038896 3 debtholders while covering a much broader sample of firms, both in the cross-section and the time-series.3 We are mindful that analyst coverage is also generally endogenous to our outcomes of interest (McNichols and O'Brien (1997)).”
Media Coverage and the Cost of Debt (2019, unknown): “Mansi, Maxwell, and Miller (2011) ﬁnd that these variables are good proxies for both the quantity and quality of information available to investors.”