Practitioners have long criticized risk-factor disclosures in the 10-K as generic and
boilerplate. In response, regulators emphasize the importance of being specific. By using a …

Using brokerage mergers and closures as two sources of exogenous shock to analyst
coverage, this study explores the causal effect of analyst coverage on ex ante expected …

Using a sample of A-share listed companies in China from 2007 to 2019, we investigate the
effect of analyst coverage on corporate innovation. We find that analyst coverage will …

We examine the effect of corporate innovation input and output on analysts' estimates of the
cost of equity based on data from public listed Chinese companies between 2007 and 2017 …

Analyst forecast information is available to the public in less developed countries at a little
cost. The role of analysts in forecasting stock returns cannot be over-emphasized. Yet, little …

Prior research finds that intraday stock prices move considerably during the discussion
period of earnings conference calls. In this study, we explore what features of the manager …

We study the value premium using the multiples‐based market‐to‐book decomposition of
Rhodes‐Kropf, Robinson, and Viswanathan (2005). The market‐to‐value component drives …

We use a data set of sell-side analysts' scenario-based equity valuation estimates to
examine whether analysts can assess the state-contingent risk surrounding a firm's …

We study the incentivized information acquisition problem, where a principal hires an agent
to gather information on her behalf. Such a problem is modeled as a Stackelberg game …

In this study, we examine the relationship between corporate governance and the disclosure
of market risk among financial firms from the Gulf Cooperation Council (GCC) region …