Fang, Bingxu; Hope, Ole-Kristian; Huang, Zhongwei; … - 2019
decrease in the number of sell-side analysts covering European firms after MiFID II implementation, particularly for firms that … to the buy-side after MiFID II by providing industry recommendations along with stock recommendations. Importantly, we … predict and find evidence that buy-side investment firms turn to more in-house research after MiFID II implementation. Equally …