We use exogenous decreases in analyst coverage to examine how firm-specific analyst coverage affects media coverage … article. Consistent with the added costs outweighing the added benefits, our tests suggest reductions in analyst coverage … decrease affected firms' media coverage. The effect is concentrated among firms with fewer analysts, firms that lose all …

explain initial IPO returns. We establish a parsimonious list of robust variables and evaluate their implications for … different theories of IPO underpricing and clustering. Further, we illustrate how using such a set of robust explanatory …. Researchers who identify new potential predictors of IPO initial returns should control for the list of robust variables we …