Cui, Chenyu; He, Guihua; Xie, Deren - In: China journal of accounting studies 10 (2022) 1, pp. 1-25
information externalities get more analyst coverage, more (high-quality) analyst reports, and more site visits than those with low … information externalities. At the analyst level, we find consistent evidence that individual analysts allocate more effort to … firms with high information externalities in their stock portfolios. Consequently, we further demonstrate that stocks with …