Analysts' selective coverage and subsequent performance of newly public firms

• Main Authors: Das, Somnath, Guo, Re-Jin, Zhang, Huai
• 其他作者: Nanyang Business School
• 格式: Article
• 語言: English
• 出版: 2013
• 在線閱讀: https://hdl.handle.net/10356/100531; http://hdl.handle.net/10220/18139

This study examines the ability of financial analysts to forecast future firm performance, based on their selective coverage of newly public firms. We hypothesize that the decision by analysts to provide coverage contains information about their true underlying expectation of the future prospects of...