Psychological evidence indicates that decision quality declines after an extensive session of
decision-making, a phenomenon known as decision fatigue. We study whether decision …

Using a sample of A-share listed companies in China from 2007 to 2019, we investigate the
effect of analyst coverage on corporate innovation. We find that analyst coverage will …

We demonstrate that time stamps reported in I/B/E/S for analysts' recommendations released
during trading hours are systematically delayed. Using newswire‐reported time stamps, we …

Analysts follow disproportionally firms whose fundamentals correlate more with those of their
industry peers. This coverage pattern supports models of profit-maximizing information …

Abstract Using 1994–2009 data, we find that All-American (AA) analysts' buy and sell
portfolio alphas significantly exceed those of non-AAs by up to 0.6% per month after risk …

By the mid-1990s, a growing number of sell-side equity analysts had begun to disclose price
targets in their published stock research reports. 1 Price targets are presumably intended to …

We investigate the specification and power of intraday event study test statistics. Mean,
market, and matched firm models generate well-specified return results for a range of …

This paper examines price reactions to analysts' recommendations issued in the opposite
direction of recent stock price movements. We find that upgrade and downgrade contrarian …

We show that accounting information releases generate large and immediate price impacts,
ie jumps, in credit default swap (CDS) spreads. Our approach is multivariate, which allows …

摘! 要本文以! $#! 年# 月" 日至! $#> 年#! 月># 日之间的共" D# 个交易日作为样本期间!
以样本期间上交所发布的1 上证# D $2 成分股中的上市公司的经营公告 …