Thursday, August 18, 2011, 2:00-3:45 pm; Corporate Finance Theory
Analysts/Agencies - C2

Session Chair: Zacharias Sautner, University of Amsterdam

• The Real Effects of Analyst Coverage PDF
  François Derrien, Ambrus Kecskes
  HEC Paris
  • Discussant: Mathijs Cosemans, University of Amsterdam

• Transparency, Tax Pressure and Access to Finance PDF
  Andrew Ellul¹, Tullio Jappelli², Marco Pagano², Fausto Panunzi³
  Indiana University¹; Università di Napoli Federico II²; Università Bocconi ³
  • Discussant: Florian Peters, University of Amsterdam

• Why do Firms Buy Multiple Ratings? PDF
  Zhihua Chen
  Shanghai University of Finance and Economics
  • Discussant: Dion Bongaerts, Erasmus University