Showing 1 - 10 of 15
We examine the effect of media competition on analyst forecast properties in an international setting using 113,436 firm-year observations from 32 countries spanning 2000 through 2012. We find that firms in countries with stronger media competition enjoy more accurate, less optimistically...
Persistent link: https://www.econbiz.de/10012904734
Persistent link: https://www.econbiz.de/10013175313
Persistent link: https://www.econbiz.de/10010503404
In this study, we investigate whether companies with better reputations enjoy a lower cost of equity financing. Using a sample of 9,276 large U.S. companies from 1987 through 2011 and the reputation rankings from Fortune's “America's Most Admired Companies List”, we find strong evidence that...
Persistent link: https://www.econbiz.de/10013069752
Persistent link: https://www.econbiz.de/10009801955
Persistent link: https://www.econbiz.de/10009427888
Persistent link: https://www.econbiz.de/10009678557
Persistent link: https://www.econbiz.de/10011690249
In this paper, we examine international differences in the effect of management forecasts (which we use to proxy for voluntary disclosure) on the cost of equity capital (COC) across 31 countries. We find that the issuance of management forecasts is associated with a lower COC worldwide, but the...
Persistent link: https://www.econbiz.de/10012973540
We examine international differences in the effect of management forecasts (which we use to proxy for voluntary disclosure) on the cost of equity capital (COC) across 31 countries. We find that the issuance of management forecasts is associated with a lower COC worldwide but that the effect of...
Persistent link: https://www.econbiz.de/10012961485