The Positive Externality Effect of Analyst Coverage on the Private Loan Market

2006 ◽  
Author(s):  
Lianzeng Edward Yuan
Keyword(s):  
Analyst Coverage ◽  
Loan Market ◽  
Positive Externality ◽  
Private Loan

Positive Externality of the American Jobs Creation Act of 2004

2019 ◽  
pp. 1-40
Author(s):  
Xiaoli Hu ◽  
Oliver Zhen Li ◽  
Yuehua Li ◽  
Sha Pei
Keyword(s):  
Multinational Enterprises ◽  
Debt Financing ◽  
Market Data ◽  
Loan Market ◽  
Positive Externality ◽  
Debt Market ◽  
Financing Environment ◽  
Private Loan ◽  
The U.S ◽  
Tax Holiday

U.S. multinational enterprises repatriated over $300 billion under the 2004 tax holiday. The repatriated funds can improve debt financing environment of nonrepatriating firms, especially those that are financially constrained. We document that such an externality of the tax holiday increases debt financing and consequently investments for financially constrained nonrepatriating firms relative to less constrained nonrepatriating firms. Using private loan market data, we further confirm a link from repatriated funds to increased debt financing for financially constrained nonrepatriating firms. Overall, the 2004 tax holiday appears to have benefited the U.S. economy through its positive externality on the debt market.

Positive externality of analyst coverage upon audit services: evidence from China

2013 ◽  
Vol 21 (2) ◽  
pp. 186-206 ◽  
Author(s):  
Junxiong Fang ◽  
In-Mu Haw ◽  
Veicheng Yu ◽  
Xu Zhang
Keyword(s):  
Analyst Coverage ◽  
Positive Externality

Does meeting analysts’ forecasts matter in the private loan market?

2018 ◽  
Vol 48 ◽  
pp. 321-340 ◽  
Author(s):  
Chen-Lung Chin ◽  
Mei-Hui Chen ◽  
Po-Hsiang Yu
Keyword(s):  
Loan Market ◽  
Private Loan

Strength of Analyst Coverage Following IPOs

CFA Digest ◽  
2007 ◽  
Vol 37 (2) ◽  
pp. 47-49
Author(s):  
Ahmed Olayinka Sule
Keyword(s):  
Analyst Coverage
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