This paper examines the cross-sectional variation in analysts' published evaluations of firm's disclosure practices and provides evidence the analysts' ratings are increasing in firm size, growth opportunities as measured by the investment opportunity set and the degree ofmultinationality. The main objective of this study is to explain these analysts' ratings of firm disclosure, with the assumption that the analyst ratings measure disclosure informativeness.
"Level of Multinationality, Growth Opportunities, and Size as Determinants of Analyst Ratings of Corporate Disclosures,"
American Business Review: Vol. 19:
1, Article 3.
Available at: https://digitalcommons.newhaven.edu/americanbusinessreview/vol19/iss1/3