Plausibly Exogenous [970] - Analyst Coverage (09/25/2022)
LHS Variable
Corporate investment and financing policies
RHS Variable
Analyst coverage
Source of Exogenous Variation
Broker closures and broker mergers between 1994 and 2008 that cause 1,724 firms to lose an analyst
- Derrien and Kecskes (2013), “The real effects of financial shocks: Evidence from exogenous changes in analyst coverage”