The Effectiveness of Reputation as a Disciplinary Mechanism in Sell-Side Research

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Company reputation and the cost of equity capital (2014, unknown): “…example, Reynolds and Francis (2001) and Larcker and Richardson (2004) for evidence related to auditors; Jackson (2005), Cowen et al. (2006), Clarke et al. (2007), and Fang and Yasuda (2009) for evidence related to financial analysts; and Jo et al. (2007) for evidence related to investment banks.”
Local Underwriter Oligopolies and IPO Underpricing (2011, unknown): “The II all-star ranking has been used in Dunbar (2000), Cliff and Denis (2004), Clarke, Khorana, Patel, and Rau (2007), Fang and Yasuda (2009, 2010), Hao (2011), Liu and Ritter (2010), and other articles as a measure of influence.”
Outsider Oversight: Designing a Third Party Audit Ecosystem for AI Governance (2022, background): “One study found that auditors who have been publicly recognized for their accuracy tend to produce more accurate audits than their non-recognized counterparts, particularly when there are conflicts of interest [43].”