Khallaf, Ashraf; Salama, Feras M.; Darayseh, Musa; … - In: Risks : open access journal 12 (2024) 6, pp. 1-28
&D, investors' attention, and scale effects of R&D. We find that while reporting biases and uncertainty decrease analyst coverage … for R&D firms, investors' attention and scale effects of R&D increase analyst coverage. Furthermore, we find that the … positive association between R&D and analyst coverage documented by Barth et al. is fully explained by scale effects of R&D. …