Corporate tax avoidance is likely to be associated with a high level of earnings management and with high financial opacity in the time-series. On this basis, we hypothesize that analyst coverage is negatively associated with corporate tax avoidance. Our results confirm this conjecture, and are...

This study explores whether sell-side analysts recognize firms' going-concern (GC) difficulties, and whether and how they report going-concern uncertainties to investors. We show that analysts are aware of impending firm going-concern problems on the basis of their tendency to downgrade their...

Using the economic setting of sell-side equity analysts, we demonstrate that racial/ethnic diversity does not always help minority groups. Race/ethnicity of analysts influences their forecasting style and accuracy, where these accuracy differences primarily reflect the effects of brokerage...

This study examines whether sell-side equity analysts help the market assimilate information contained in global climate change. Using a new measure of firm sensitivity to climate change, we show that analysts located in states where firms exhibit greater sensitivity to abnormal temperature...

This paper examines whether sell-side equity analysts use labor market information, as reflected in job postings and corporate layoffs, to improve the quality of their earnings forecasts. We posit that labor market activities contain useful incremental information about the related firm and the...