Family firms and financial analyst activity

Eugster, Nicolas

Type de document :

Compte-rendu et recension critique d'ouvrage

DOI :

10.1016/j.pacfin.2018.03.002

Titre :

Family firms and financial analyst activity

Auteur(s) :

Eugster, Nicolas [Auteur]
Lille économie management - UMR 9221 [LEM]

Titre de la revue :

Pacific-Basin Finance Journal

Pagination :

101005

Éditeur :

Elsevier

Date de publication :

2019-10

ISSN :

0927-538X

Discipline(s) HAL :

Sciences de l'Homme et Société/Gestion et management

Résumé en anglais : [en]

This paper examines the relationship between ownership structure, analyst coverage, and forecast error for the entire population of non-financial companies listed on the Swiss Exchange for the period 2003–2013. The results ...
Lire la suite >This paper examines the relationship between ownership structure, analyst coverage, and forecast error for the entire population of non-financial companies listed on the Swiss Exchange for the period 2003–2013. The results show a negative association between concentrated ownership and analyst coverage for both family firms and firms held by a nonfamily blockholder. Furthermore, analysts' forecasts are shown to be more accurate for family firms than for other firms, suggesting a better information environment within these companies. This situation can be explained by a better alignment of interests between majority and minority shareholders among family firms.Lire moins >

Langue :

Anglais

Vulgarisation :

Non

Collections :

Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL

Fichiers

http://doc.rero.ch/record/306244/files/WP_SES_491.pdf
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