Boissin, Romain - Volkswirtschaftliche Fakultät, … - 2012
This paper addresses the question of the importance of analyst coverage for the long-run returns of IPO firms over the … performance by orphans (IPOs without analyst coverage) compared to non-orphans (IPOs with analyst coverage.Further analysis … reveals that this outperformance by non-orphans stems from high analyst coverage. Our results are robust after accounting for …