Articles

Financial analysts: Are they useful after all?

François Derrien and his co-author study the extent to which financial analysis impacts a firm’s decisions. They provide empirical evidence revealing a direct link between analyst coverage and the cost of capital, amounts invested, and financing capacity. Contrary to popular belief, it seems that financial analysts do indeed serve a real purpose.

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The impact of potential conflicts between shareholders and managers on audit fees has been the (...)

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Bernard Madoff used funds provided by new investors to pay some of his clients over many years.* (...)

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Credit ratings are increasingly essential investment signals, heavily impacting the cost of capital (...)

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