We examine the causal impact of financial analysts on firms’ socially responsible activities. Relying on brokerage closures and mergers as natural experiments which generate exogenous changes in analyst coverage, our Difference-in-Differences estimator indicates that a reduction in analyst coverage causes firms to engage more aggressively in irresponsible behavior, especially in the dimensions ...

In this article, we examine the market structure for real estate brokerage services across six large metropolitan statistical areas (MSAs) to see whether low-income neighborhoods, or neighborhoods where house prices are low, are as well served by real estate professionals as higher income or higher priced neighborhoods. We collect more than 300,000 real estate listings and compute the Herfindah...

The internet revolution is said to foster integration of the market for financial services, since consumers are able to shop around at all companies worldwide and firms can easily offer their services on the internet at a minimum of distribution cost. However, the European market for online brokerage displays a different picture. Prices paid for online brokerage differ substantially across Euro...

The factors influencing analysts’ earnings forecast accuracy are a popular research topic today. Some researchers have found that brokerage firm size affects accuracy. However, there is gap in the effect of on particular industry. As result, this study investigates link between company and prediction by collecting comparing data from major companies small medium-sized firms. It forecasts for cu...

he brokerage industry has been significantly transformed by the e-commerce revolution. Considering that the powerful and relatively inexpensive Web platform is extremely well suited for conducting trading and other financial service activities globally, brokerage firms are constantly trying to devise innovative Web-based business applications and practices. As companies continue to experiment w...

Purpose: The aim of this study is to examine the relationship between capital structure and performance securities brokerage firms. Theoretical framework: inherits previous studies on reason, test determine optimal structure. Design/methodology/approach: Using Qualitative Research (Synthetic Methods; Statistical methods, description; Inductive interpretive methods) quantitative research methods...

When firms reach out to allies in the political field, partisanship can constrain the choice of business partners in the economy. To study the evolution of politicized business camps, we conduct an historical network analysis of the relationship between firm-to-party ties and firm-to-firm ties in the Hungarian economy. We construct a dataset of all senior managers and boards of directors of the...