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- W2338859353 abstract "This study hypothesizes that the relationship between analyst coverage and innovation (Tobin’s Q) is U-shaped. My results support this hypothesis. Specifically, I find that as a firm’s analyst coverage increases, innovation (Tobin’s Q) declines at first, reaching a low point at moderate levels of analyst coverage, and increase thereafter. These findings suggest that firms can transform its investments in the relationship with the analyst community into firm performance only after they make substantial investments in the relationship." @default.
- W2338859353 created "2016-06-24" @default.
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- W2338859353 date "2016-04-15" @default.
- W2338859353 modified "2023-09-30" @default.
- W2338859353 title "The contingent effect of analyst coverage: how does analyst coverage affect innovation and Tobin’s Q?" @default.
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- W2338859353 doi "https://doi.org/10.1080/16081625.2016.1174070" @default.
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