Under pressure: The causal effect of financial analyst coverage on long-Term capital investments

Research output: Contribution to conferencePaper

1 Citation (Scopus)

Abstract

This study examines whether coverage from financial analysts causes corporate shorttermism by affecting the horizons of firms' capital investments. I hypothesize and empirically illustrate that greater analyst coverage leads to more pressure on managers to perform in the short term, which biases firms away from making longer-Term capital investments.

Original languageEnglish (US)
Pages846-851
Number of pages6
DOIs
StatePublished - Jan 1 2015
Event75th Annual Meeting of the Academy of Management, AOM 2015 - Vancouver, Canada
Duration: Aug 7 2015Aug 11 2015

Other

Other75th Annual Meeting of the Academy of Management, AOM 2015
CountryCanada
CityVancouver
Period8/7/158/11/15

Fingerprint

Managers
Analyst coverage
Financial analysts
Causal effect
Capital investment

All Science Journal Classification (ASJC) codes

  • Management Information Systems
  • Management of Technology and Innovation
  • Industrial relations

Cite this

Desjardine, M. R. (2015). Under pressure: The causal effect of financial analyst coverage on long-Term capital investments. 846-851. Paper presented at 75th Annual Meeting of the Academy of Management, AOM 2015, Vancouver, Canada. https://doi.org/10.5465/AMBPP.2015.72
Desjardine, Mark R. / Under pressure : The causal effect of financial analyst coverage on long-Term capital investments. Paper presented at 75th Annual Meeting of the Academy of Management, AOM 2015, Vancouver, Canada.6 p.
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Desjardine, MR 2015, 'Under pressure: The causal effect of financial analyst coverage on long-Term capital investments', Paper presented at 75th Annual Meeting of the Academy of Management, AOM 2015, Vancouver, Canada, 8/7/15 - 8/11/15 pp. 846-851. https://doi.org/10.5465/AMBPP.2015.72

Under pressure : The causal effect of financial analyst coverage on long-Term capital investments. / Desjardine, Mark R.

2015. 846-851 Paper presented at 75th Annual Meeting of the Academy of Management, AOM 2015, Vancouver, Canada.

Research output: Contribution to conferencePaper

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Desjardine MR. Under pressure: The causal effect of financial analyst coverage on long-Term capital investments. 2015. Paper presented at 75th Annual Meeting of the Academy of Management, AOM 2015, Vancouver, Canada. https://doi.org/10.5465/AMBPP.2015.72