This study examines whether firms covered by distracted analysts manage their earnings more intensively. We construct a firm-level measure of analyst distraction based on exogenous attention-grabbing events and find that analyst distraction is positively associated with earnings management. Our findings demonstrate that limited attention from analysts can negatively affect corporate financial reporting quality.

中文翻译：

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分心的分析师和盈余管理

本研究考察了分心分析师所覆盖的公司是否更集中地管理其收益。我们基于外生的引人注目的事件构建了一个公司层面的分析师分心度量，发现分析师分心与盈余管理正相关。我们的研究结果表明，分析师的有限关注会对公司财务报告质量产生负面影响。