Analyst Coverage and Intangible Assets

By Mary E. Barth, Ron Kasznik, Maureen F. McNichols. 2001

1,023 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/61425bbf6457d3d6c2bd9bc66529488fe5eaa587

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Citations in the corpus

Are analysts’ earnings forecasts more accurate when accompanied by cash flow forecasts? (2009, background): “Barth et al. (2001) use the number of firms followed by the analyst to proxy for analysts’ effort, as the fewer firms an analyst follows, the greater the effort spent on each firms.”
R&D Expenditure and Earnings Targets (2009, positive): “The RDI variable captures the expectation that R&Dintensive firms face greater market scrutiny of their R&D expenditure decisions (Barth et al., 2001), thereby reducing the opportunity to adjust R&D spending programmes to achieve short-term earnings targets.”
Customer Satisfaction, Analyst Stock Recommendations, and Firm Value (2010, background): “Prior studies have found that R&D affects systematic risk and analyst recommendations (Barth, Kasznik, and McNichols 2001; McAlister, Srinivasan, and Kim 2007; Thomas 2002).”
The Effect of Institutional Ownership on Firm Transparency and Information Production (2015, positive): “For these firms, analysts’ private information gathering could be valuable substitutes to voluntary disclosure (Barth et al., 2001).”
Corporate Life Cycle and Cost of Equity Capital (2015, neutral): “Greater analyst coverage in turn reduces mispricing and information asymmetry (Barth et al., 2001; Brennan and Subrahmanyam, 1995).”
Perspectives on Recent Capital Market Research (2002, background): “For example, Barth, Kasznik, and McNichols (2001) find that analyst coverage increases with the presence of unrecorded intangible assets.”
Do Managers Always Know Better? The Relative Accuracy of Management and Analyst Forecasts (2012, neutral): “15 visibility, but analysts are also expected to have greater difficulty in accurately forecasting earnings for high growth firms (Barth et al. 2001).”
Intellectual capital disclosure and corporate governance structure in UK firms (2008, background): “However, financial reports fail to reflect such a wide range of value-creating intangible assets (Lev and Zarowin, 1999), giving rise to increasing information asymmetry between firms and users (Barth et al., 2001), and creating inefficiencies in the resource allocation process within capital market”