Three essays on financial intermediation
- Vu, Hien Quoc
- Degeorge, François (Degree supervisor)
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04.12.2014
117 p
Thèse de doctorat: Università della Svizzera italiana, 2014
Security analyst
Earnings forecast
Cognitive bias
Market reaction
Informativeness
Capital expenditure forecast
Lehman Brothers collapse
Underwriting relationship
English
Financial intermediation plays a central role in connecting capital demanders, i. e. firms, and capital suppliers, i. e. investors. My essays focus on two types of financial intermediaries, namely investment banks, who provide a variety of services for firms and institutional investors, and sell-side security analysts, who analyze and provide information about firms, mainly, to institutional investors. The first essay studies security analysts’ cognitive biases in issuing earnings forecasts; the second essay studies analysts’ capital expenditure forecasts; and, the third essay studies the underwriting relationship value between investment banks and their client firms.
- Language
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- English
- Classification
- Economics
- License
- License undefined
- Identifiers
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- RERO DOC 233305
- URN urn:nbn:ch:rero-006-113563
- ARK ark:/12658/srd1318674
- Persistent URL
- https://n2t.net/ark:/12658/srd1318674
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