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

Research output: Contribution to conferencePaperpeer-review

2 Scopus citations

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

All Science Journal Classification (ASJC) codes

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

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