Degeorge, François Vu, Hien Quoc 2014-12-04 Financial intermediation plays a central role in connecting capital demanders, i. e. firms, and capital suppliers, i. e. investors. My essays focus on two types of financial intermediaries, namely investment banks, who provide a variety of services for firms and institutional investors, and sell-side security analysts, who analyze and provide information about firms, mainly, to institutional investors. The first essay studies security analysts’ cognitive biases in issuing earnings forecasts; the second essay studies analysts’ capital expenditure forecasts; and, the third essay studies the underwriting relationship value between investment banks and their client firms. application/pdf https://susi.usi.ch/global/documents/318674 https://n2t.net/ark:/12658/srd1318674 https://susi.usi.ch/documents/318674/files/2014ECO009.pdf eng info:eu-repo/semantics/altIdentifier/urn/urn:nbn:ch:rero-006-113563 info:eu-repo/semantics/altIdentifier/ark/12658/srd1318674 info:eu-repo/semantics/openAccess License undefined Security analyst Earnings forecast Cognitive bias Market reaction Informativeness Capital expenditure forecast Lehman Brothers collapse Underwriting relationship info:eu-repo/classification/udc/33 Three essays on financial intermediation http://purl.org/coar/resource_type/c_db06