[1]
|
Myers, S.C. and Majluf, N.S. (1984) Corporate Financing and Investment Decisions When Firms Have Information That Investors Do Not Have. Journal of Financial Economics, 13, 187-221.
http://dx.doi.org/10.1016/0304-405X(84)90023-0
|
[2]
|
Stulz, R.M. (2009) Securities Laws, Disclosure, and National Capital Markets in the Age of Financial Globalization. Journal of Accounting Research, 47, 349-390. http://dx.doi.org/10.1111/j.1475-679X.2009.00327.x
|
[3]
|
Sun, J. and Liu, G. (2011) The Effect of Analyst Coverage on Accounting Conservatism. Managerial Finance, 37, 5-20. http://dx.doi.org/10.1108/03074351111092111
|
[4]
|
Knyazeva, D. (2007) Corporate Governance, Analyst Following, and Firm Behavior. Working Paper, New York University, New York.
|
[5]
|
Brennan, M.J., Jegadeesh, N. and Swaminathan, B. (1993) Investment Analysis and the Adjustment of Stock Prices to Common Information. Review of Financial Studies, 6, 799-824. http://dx.doi.org/10.1093/rfs/6.4.799
|
[6]
|
Gleason, C.A. and Lee, C. (2003) An Analyst Forecast Revisions and Market Price Discovery. The Accounting Review, 78, 193-225. http://dx.doi.org/10.2308/accr.2003.78.1.193
|
[7]
|
Chang, X., Dasgupta, S. and Hilary, G. (2006) Analyst Coverage and Financing Decisions. Journal of Finance, 61, 3009-3048. http://dx.doi.org/10.1111/j.1540-6261.2006.01010.x
|
[8]
|
McNichols, M.F. and O’Brien, P.C. (1997) Self-Selection and Analysts Coverage. Journal of Accounting Research, 35, 167-199. http://dx.doi.org/10.2307/2491460
|
[9]
|
Doukas, J., Kim, C.F. and Pantzalis, C. (2008) Do Analysts Influence Corporate Financing and Investment? Financial Management, 37, 303-339. http://dx.doi.org/10.1111/j.1755-053X.2008.00014.x
|
[10]
|
Hong, H., Lim, T. and Stein, J. (2000) Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies. Journal of Finance, 55, 265-295. http://dx.doi.org/10.1111/0022-1082.00206
|
[11]
|
Barth, M.E. and Hutton, A.P. (2000) Information Intermediaries and the Pricing of Accruals. Working Paper, Stanford University, Stanford.
|
[12]
|
Frankel, R. and Li, X. (2004) Characteristics of Firm’s Information Environment and the Information Asymmetry between Insiders and Outsiders. Journal of Accounting and Economics, 37, 229-259.
http://dx.doi.org/10.1016/j.jacceco.2003.09.004
|
[13]
|
Ayers, B.C. and Freeman, R.N. (2003) Evidence That Analyst Following and Institutional Ownership Accelerate the Pricing of Future Earnings. Review of Accounting Studies, 8, 47-67. http://dx.doi.org/10.1023/A:1022647822683
|
[14]
|
Piotroski, J. and Roulstone, D. (2004) The Influence of Analysts, Institutional Investors, and Insiders on the Incorporation of Market, Industry, and Firm-Specific Information into Stock Prices. Accounting Review, 79, 1119-1151.
http://dx.doi.org/10.2308/accr.2004.79.4.1119
|
[15]
|
Chan, K. and Hameed, A. (2006) Stock Price Synchronicity and Analyst Coverage in Emerging Markets. Journal of Financial Economics, 80, 115-147. http://dx.doi.org/10.1016/j.jfineco.2005.03.010
|
[16]
|
Charest, G., Cosset, J.C., Marhfor, A. and M’Zali, B. (2013) Stock Price Informativeness and Analyst Coverage. Canadian Journal of Administrative Sciences, 30, 173-188. http://dx.doi.org/10.1002/cjas.1253
|
[17]
|
Chen, Q., Goldstein, I. and Jiang, W. (2006) Price Informativeness and Investment Sensitivity to Stock Price. The Review of Financial Studies, 20, 115-147. http://dx.doi.org/10.1093/rfs/hhl024
|
[18]
|
Morck, R., Shleifer, A. and Vishny, R.W. (1990) The Stock Market and Investment: Is the Market a Sideshow? Brookings Papers on Economic Activity, 2, 157-215. http://dx.doi.org/10.2307/2534506
|
[19]
|
Tobin, J. (1969) A General Equilibrium Approach to Monetary Theory. Journal of Money, Credit and Banking, 1, 15-29. http://dx.doi.org/10.2307/1991374
|
[20]
|
Dow, J. and Gorton, G. (1997) Stock Market Efficiency and Economic Efficiency: Is There a Connection? Journal of Finance, 52, 1087-1129. http://dx.doi.org/10.1111/j.1540-6261.1997.tb02726.x
|
[21]
|
Subrahmanyam, A. and Titman, S. (1999) The Going-Public Decision and the Development and Financial Markets. Journal of Finance, 54, 1045-1082. http://dx.doi.org/10.1111/0022-1082.00136
|
[22]
|
Goldstein, I. and Guembel, A. (2005) Manipulation and the Allocational Role of Prices. Working Paper, University of Pennsylvania and Oxford University, Philadelphia and Oxford.
|
[23]
|
Baker, M., Stein, J. and Wurgler, J. (2003) When Does the Market Matter? Stock Prices and Investment of Equity-Dependent Firms. Quarterly Journal of Economics, 118, 969-1005. http://dx.doi.org/10.1162/00335530360698478
|
[24]
|
Fazzari, S., Hubbard, R.G. and Petersen, B. (1988) Financing Constraints and Corporate Investment. Brookings Papers on Economic Activity, 1, 141-195. http://dx.doi.org/10.2307/2534426
|
[25]
|
Kaplan, S.N. and Zingales, L. (1997) Do Financing Constraints Explain Why Investment Is Correlated with Cash Flow? Quarterly Journal of Economics, 112, 169-215.
|
[26]
|
Petersen, M. (2009) Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches. Review of Financial Studies, 22, 435-480. http://dx.doi.org/10.1093/rfs/hhn053
|
[27]
|
Foucault, T. and Frésard, L. (2012) Cross-Listing, Investment Sensitivity to Stock Price and the Learning Hypothesis. The Review of Financial Studies, 25, 3305-3350. http://dx.doi.org/10.1093/rfs/hhs093
|
[28]
|
Heckman, J.J. (1979) Sample Selection Bias as a Specification Error. Econometrica, 47, 153-161.
http://dx.doi.org/10.2307/1912352
|