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Persistent link: https://www.econbiz.de/10014257396
for companies from China in period 2004-2011. We offer the evidence that, similarly to evidence from studies on reverse … mergers focusing on China, SPACs that focus on China are not different in their characteristics from other SPACs. We test for … the performance of the SPACs focused on China and show that their performance is not inferior to the performance of other …
Persistent link: https://www.econbiz.de/10010372686
Persistent link: https://www.econbiz.de/10000996959
Over the past two decades, private equity has contributed to a shrinking of the U.S. stock market. We develop a political economy model of private equity activity to study the wider economic consequences of this trend. We show that private and social incentives to delist firms from the stock...
Persistent link: https://www.econbiz.de/10011794581
Using a unique database over local Chinese securities firm's earnings forecasts and stock recommendations, it is shown that the average forecast error has decreased over time reflecting the maturing of the Chinese securities firms. Affiliated securities firms, defined as securities firms acting...
Persistent link: https://www.econbiz.de/10013135921
profession in both the United States and China. We find that female analysts are more likely to be voted as All-Star analysts in … opposite for Chinese analysts. We find that female analysts in China are less likely to be voted as All-Stars, but the … United States and gender discrimination against female analysts in China. This career path evidence from a competitive …
Persistent link: https://www.econbiz.de/10012849939
We investigate whether the widespread adoption of online visits after the COVID-19 shock has been associated with higher analysts' forecast errors. Using a difference-in-differences methodology, we find a positive association between online mode and analysts' forecast errors. We further discuss...
Persistent link: https://www.econbiz.de/10013216235
We examine how sell-side equity analysts strategically disclose information of differing quality to the public versus the buy-side mutual fund managers to whom they are connected. We consider cases in which analysts recommend that the public buys a stock, but some fund managers sell it. We...
Persistent link: https://www.econbiz.de/10013210060
fledgling profession in current China, and the capabilities of Chinese financial analysts need to be improved through additional … the financial analysis profession in China …
Persistent link: https://www.econbiz.de/10014216595
We examine how the sudden drop in public information search capability caused by Google’s withdrawal from China affects …
Persistent link: https://www.econbiz.de/10013405085