...Mark T. Bradshaw; Brandon Lock; Xue Wang; Dexin Zhou ABSTRACT Both sell-side analysts and the media are information intermediaries in capital markets. This study investigates the association between sell-side analyst research and information in firm-specific news coverage. More frequent recent...

... pronounced for investment-grade issuers. For both subsamples, we further find that the mediated path through business press coverage is responsible for a significant amount of the increase in rating stringency. credit rating agencies media reputation debt markets The timeliness and accuracy...

... following, media coverage, and the book-to-price ratio. Our results indicate that IR activities successfully improve visibility, investor following, and market value. Data Availability: All analyses are based on publicly available data. investor relations disclosure...