The Impact of Analysts’ Recommendations on the Cost of Debt: International Evidence
Dr. Satt Harit

We documentthe link between analysts’ reviews and bonds ratings. This study took 12 years and was carried out on samples obtained from 26 countries. The focus is to point out the positive relationship between analysts’ reviews commendations and bonds ratings. Thus, a probit regression analysis was done for this purpose. It was strongly noted that there is a great connection between the recommendation and the bond’s rating. In other words, the more a company receives positive recommendations from financial analysts, the rating of its bonds increases. More verification to the creditors’ rights shields was included through our outcomes, plus its impact on debt cost.

Full Text: PDF     DOI: 10.15640/rcbr.v4n2a2