Analyst Coverage and Financing Decisions

By Xin Chang, Sudipto Shankar Dasgupta, Gilles Hilary. 2006

526 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/736f7a92f714fe5148bf6edbf83fc263db9764d5

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Citations in the corpus

Accounting Conservatism and Firm Investment Efficiency (2016, unknown): “6 Titman and Wessels (1988), Harris and Raviv (1991), Leland (1994), Rajan and Zingales (1995), Barclay and Smith (1999), Hovakimian et al. (2001), Fama and French (2002), Frank and Goyal (2003, 2009), Hovakimian (2004), Chang et al. (2006, 2009), and Rauh and Sufi (2010).”
Does Asymmetric Information Drive Capital Structure Decisions (2009, unknown): “…and Smith 1995a, b), intensity of public announcements (Dierkens 1991), level of institutional ownership (Best, Hodges, and Lin 2004), analyst coverage (Chang, Dasgupta, and Hilary 2006), or dispersion of analysts’ earnings forecasts (Krishnaswami and Subramaniam 1999; Gomes and Phillips 2005).”
Green credit policy and firm performance: What we learn from China (2021, background): “The participation of analysts helps to dig more deep information and increase the cognition of other external investors to firms (Chang et al., 2006; Ball and Shivakumar, 2008).”
How Does Financial Reporting Quality Relate to Investment Efficiency (2009, methodology): “, Chang et al., 2006), we assume that firms not covered by IBES have zero analyst coverage. We use InvG-Score, the anti-takeover protection index used in Gompers et al. (2003), as a proxy for the market for corporate control.”
Does corporate eco-innovation affect stock price crash risk? (2021, background): “institutional shareholding and equity analyst) lower information asymmetry by limiting the managerial bad news hoarding behaviour (Chang et al., 2006; McCahery et al., 2016).”
Equity or Debt Financing: Does Good Corporate Governance Matter? (2012, unknown): “Finally, we control for firm size (SIZE) based on prior research which finds that larger firms which are viewed as less risky are able to and tend to issue more debt than equity (Chang et al., 2006).”
The Effect of Auditor Quality on Financing Decisions (2009, background): “This finding contrasts FIGURE 1 TABLE 1 with that of Chang et al. (2006), who investigated the effect of variation in analyst coverage on financial decisions.”
The Dark Side of Analyst Coverage: The Case of Innovation (2013, unknown): “, Bradley , Jordan , and Ritter , 2003 ; Irvine , 2003 ; Chang , Dasgupta , and Hilary , 2006 ; Derrien and Kecskes , 2011 ; Kelly and Ljungqvist , 2011 ) .”