Kolasinski, Adam C.; Kothari, S. P. - In: Journal of Financial and Quantitative Analysis 43 (2008) 04, pp. 817-842
We find evidence that conflicts of interest arising from mergers and acquisitions (M&A) relations influence analysts' recommendations, corroborating regulators' and practitioners' suspicions in a setting, i.e., M&A relations, not previously examined in research on analyst conflicts. In addition,...