Family firms and financial analyst activity

Eugster, Nicolas

Document type :

Compte-rendu et recension critique d'ouvrage

DOI :

10.1016/j.pacfin.2018.03.002

Title :

Family firms and financial analyst activity

Author(s) :

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

Journal title :

Pacific-Basin Finance Journal

Pages :

101005

Publisher :

Elsevier

Publication date :

2019-10

ISSN :

0927-538X

HAL domain(s) :

Sciences de l'Homme et Société/Gestion et management

English abstract : [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 ...
Show more >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.Show less >

Language :

Anglais

Popular science :

Non

Collections :

Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL

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