This research studies the association between multinational firm complexity and analyst following. We first present a model of a firm?s operational complexity in terms of its lines of business and geographic operating regions, considered separately, jointly, and interactively, including a...

This study explores analyst following of companies in terms of equity analysts' potential trading and underwriting revenues and costs. Using measures of equity securities trading, equity securities issuance, risk, corporate disclosure, insider and institutional ownership, and complexity, we...