Analyst coverage and corporate financing

Guangwu Dong, Chengrun Tian, Xining Wang and Sanchuan Wang

Finance Research Letters, 2024, vol. 59, issue C

Abstract: This paper selects the data of listed companies from 2012 to 2021 as the research sample to explore the relationship between analyst coverage and corporate financing decisions. It is found that the higher the analyst coverage, the more enterprises tend to engage in debt financing. The role of analyst coverage on corporate financing methods is more evident in non-state-owned and small-scale enterprises.

Keywords: Analyst coverage; Corporate finance; Information asymmetry (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:59:y:2024:i:c:s1544612323011728

DOI: 10.1016/j.frl.2023.104800

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