Derrien is at HEC Paris and Kecskés is at the Schulich School of Business, York University. We greatly appreciate the comments of Nihat Aktas, an anonymous referee, an anonymous Associate Editor, Roberto Blanco, Craig Brown, François Degeorge, Eli Fich, Laurent Frésard, Cam Harvey (the Editor), Johan Hombert, Filippo Ippolito, Marcin Kacperczyk, Christel Karsten, Alexander Ljungqvist, Roger Loh, Roni Michaely, Sébastien Michenaud, Justin Murfin, Ioanid Rosu, David Thesmar, Heather Tookes, Qinghai Wang, and Ivo Welch, and seminar participants at the 2011 European Finance Association meetings, the 2011 Florida State University Spring Beach Conference, ISCTE Business School in Lisbon, Nanyang Technological University, National University of Singapore, the 2011 Northern Finance Association meetings, the 2011 Rothschild Caesarea Center (IDC Herzliya) Conference, Singapore Management University, l'Université de Lille, the University of Manchester, the University of Porto, the University of Toronto, and the 2011 Western Finance Association meetings.
The Real Effects of Financial Shocks: Evidence from Exogenous Changes in Analyst Coverage
Article first published online: 16 JUL 2013
© 2013 the American Finance Association
The Journal of Finance
Volume 68, Issue 4, pages 1407–1440, August 2013
How to Cite
DERRIEN, F. and KECSKÉS, A. (2013), The Real Effects of Financial Shocks: Evidence from Exogenous Changes in Analyst Coverage. The Journal of Finance, 68: 1407–1440. doi: 10.1111/jofi.12042
- Issue published online: 16 JUL 2013
- Article first published online: 16 JUL 2013
- Accepted manuscript online: 19 MAR 2013 04:10AM EST
- Manuscript Accepted: 12 FEB 2013
- Manuscript Received: 23 MAR 2011
Disclaimer: Supplementary materials have been peer-reviewed but not copyedited.
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