Description
This paper examines how equity analysts' roles as information intermediaries and monitors affect corporate liquidity policy and its associated value of cash, providing new evidence that analysts have a direct impact on corporate liquidity policy. Greater analyst coverage (1) reduces information asymmetry between a firm and outside shareholders and (2) enhances the monitoring process.
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Contributors
- Chang, Ching-Hung (Author)
- Bates, Thomas (Thesis advisor)
- Bharath, Sreedhar (Committee member)
- Lindsey, Laura (Committee member)
- Arizona State University (Publisher)
Date Created
The date the item was original created (prior to any relationship with the ASU Digital Repositories.)
2012
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Note
- Partial requirement for: Ph. D., Arizona State University, 2012Note typethesis
- Includes bibliographical references (p. 90-95)Note typebibliography
- Field of study: Business administration
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Statement of Responsibility
by Ching-Hung Chang