Firm diversification and asymmetric information: evidence from analysts’ forecasts and earnings announcements☆
By Shawn Thomas. 2002
330 citations recorded by the source corpus.
Subfields: Accounting, Finance
View Paper: https://www.semanticscholar.org/paper/e05fcfc6278891b06e75ada1feaf5a79680f11e1
Citations in the corpus
- Customer Satisfaction, Analyst Stock Recommendations, and Firm Value (2010, unknown): “That is, the better the prospects (more and faster cash) of firms’ future cash flows, the greater is the likelihood that analysts will issue more favorable recommendations (buy, or at least hold, recommendations) rather than unfavorable sell recommendations (Jegadeesh et al. 2004; Thomas 2002).”
- Information Asymmetry and the Value of Cash (2007, unknown): “decrease with analyst coverage ( Thomas, 2002; Krishnaswami and Subramaniam, 1999).”
- Corporate Social Performance, Analyst Stock Recommendations, and Firm Future Returns (2015, unknown): “Firm financial leverage is the ratio of long-term book debt to total assets (Thomas, 2002).”
- Debt, diversification and earnings management (2010, unknown): “ Thomas (2002) provides two hypotheses to explain such informational asymmetries for”
- Information Uncertainty, Information Asymmetry and Corporate Bond Yield Spreads (2010, unknown): “7 Dispersion in analyst forecasts (DISP) is also a widely used proxy for information asymmetry (Thomas, 2002).”
- Is Earnings Management Opportunistic or Beneficial? An Agency Theory Perspective (2008, unknown): “We employ analysts' earnings forecast errors and the dispersion of analysts' earnings forecasts as measures of information asymmetry (see Krishnaswami & Subramaniam, 1999; Thomas, 2002).”
- The Characteristics of Firms That Hire Chief Risk Officers (2010, unknown): “2 See Tufano, (1996); Liebenberg and Hoyt, (2003); Beasley et.”
- Corporate Bond Credit Spreads and Forecast Dispersion (2010, unknown): “To make dispersion magnitudes comparable across firms, we follow Thomas (2002) and Zhang (2006) and deflate raw dispersion by end-of-quarter stock price measured at tq, which is about thirty days before the earnings announcement date.”
- Beyond Warm Glow: The Risk-Mitigating Effect of Corporate Social Responsibility (CSR) (2020, unknown): “Firm financial leverage is the ratio of long-term book debt to total assets (Thomas 2002).”