Corporate tax avoidance is likely to be associated with a high level of earnings management and with high financial opacity in the time-series. On this basis, we hypothesize that analyst coverage is negatively associated with corporate tax avoidance. Our results confirm this conjecture, and are...

This study explores whether sell-side analysts recognize firms' going-concern (GC) difficulties, and whether and how they report going-concern uncertainties to investors. We show that analysts are aware of impending firm going-concern problems on the basis of their tendency to downgrade their...