Kim, Yongsik; Ryu, Doojin - In: Borsa Istanbul Review 22 (2022) 6, pp. 1069-1078
previous studies report only the positive relationship between stock price synchronicity and analyst coverage, we suggest that … the positive relation can be attributed to the interaction between analyst coverage and firm performance cyclicality …. After controlling for the interaction effect between the analyst coverage and cyclicality, synchronicity decreases with the …