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Cited by 546

The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.

Analyst Coverage and Financing Decisions

Open access
CHANG, XIN, DASGUPTA, SUDIPTO, HILARY, GILLES·2006·The Journal of Finance
DOI 10.1111/j.1540-6261.2006.01010.x
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Abstract

We provide evidence that analyst coverage affects security issuance. First, firms covered by fewer analysts are less likely to issue equity as opposed to debt. They issue equity less frequently, but when they do so, it is in larger amounts. Moreover, these firms depend more on favorable market conditions for their equity issuance decisions. Finally, debt ratios of less covered firms are more affected by Baker and Wurgler's (2002)“external finance‐weighted” average market‐to‐book ratio. These results are consistent with market timing behavior associated with information asymmetry, as well as behavior implied by dynamic adverse selection models of equity issuance.

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Crossref · 10.1111/j.1540-6261.2006.01010.x

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Metadata

Authors
CHANG, X., DASGUPTA, S., & HILARY, G.
Venue
The Journal of Finance
Publisher
Wiley
Published
2006-12
Volume
61
Issue
6
Pages
3009-3048
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/j.1540-6261.2006.01010.x
OpenAlex
W3124168832
Cited by
546
References
3
FWCI
56.59
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Analyst Coverage and Financing Decisions. https://app.cochat.ai/papers/10.1111/j.1540-6261.2006.01010.x
The paper
CHANG, X., DASGUPTA, S., & HILARY, G. (2006). Analyst Coverage and Financing Decisions. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.2006.01010.x

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.