Analyst Following, Group Affiliation, and Labor Investment Efficiency: Evidence from Korea
This paper studies how analysts’ group affiliation affects firms’ labor investment efficiency. Using a 2001−2017 sample of Korean public companies, we find that labor investment efficiency increases when there are more unaffiliated analysts following business group (cha...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2019-06-01
|
| Series: | Sustainability |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2071-1050/11/11/3152 |