Plausibly Exogenous [1507] - Analyst Coverage (03/18/2024)
LHS Variable
Non-GAAP disclosures
RHS Variable
Analyst coverage
Source of Exogenous Variation
Brokerages exogenously terminate analyst coverage due to their closures or mergers
- Christensen, Gomez, Ma, and Pa (2020), “Analysts' role in shaping non-GAAP reporting: evidence from a natural experiment”