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Monetary shocks and the analyst coverage of the firm

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  • Adra, Samer
  • Barbopoulos, Leonidas G.

Abstract

Contractionary monetary shocks, which are known to reduce growth and tighten lending, significantly reduce firm-level analyst coverage. The reduction in analyst coverage of high-leverage firms is almost 50% larger, and faster, than the reduction in the coverage of low-leverage firms.

Suggested Citation

  • Adra, Samer & Barbopoulos, Leonidas G., 2022. "Monetary shocks and the analyst coverage of the firm," Economics Letters, Elsevier, vol. 218(C).
    • Handle: RePEc:eee:ecolet:v:218:y:2022:i:c:s0165176522002804
    DOI: 10.1016/j.econlet.2022.110776
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    References listed on IDEAS

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    More about this item

    Keywords

    Monetary policy; Analyst coverage; Leverage;
    All these keywords.

    JEL classification:

    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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