O'Brien, Patricia C.; Tan, Hongping - In: Journal of Accounting and Economics 59 (2015) 1, pp. 41-59
Using hand-collected data on analyst locations, we study how geographic proximity affects analyst coverage decisions for U.S. firms that went public during 1996–2009, along with the impact of local coverage on firm visibility. Analysts are 80% more likely to cover local firms than non-local...
