We analyze the effects of analyst forecast coverage initiations in the United States in the 1995-2000 time period. It is usually believed that analysts provide valuable information about the firms they cover as well as reduce agency costs by acting as a monitor for the managers. This, in turn,...

We investigate how the equity-based compensation (EBC) of top executives affects the performance of acquisitions. In contrast to the results of Datta et al. (2001), we find that high EBC acquirers pay higher premiums for targets than that of low EBC acquirers. The cumulative abnormal return...

Purpose – The purpose of this study is to investigate the value of analyst coverage on the covered firms. Design/methodology/approach – To isolate the value impact of analyst coverage, the study focuses on a unique set of firms that receive analyst coverage for the first time after having...

Purpose – The purpose of this study is to investigate the value of analyst coverage on the covered firms. Design/methodology/approach – To isolate the value impact of analyst coverage, the study focuses on a unique set of firms that receive analyst coverage for the first time after having...