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Keywords: Analyst coverage
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Journal Articles
Journal:
Asian Review of Accounting
Asian Review of Accounting (2020) 28 (2): 213–228.
Published: 14 May 2019
... between FCF and repurchases. On the one hand, when external monitoring improves, firms may have an increased propensity to strengthen the FCF–repurchase relationship. We document that the sensitivity of repurchases to pre-managed FCF increases as analyst coverage gets higher. In addition...
