{"id":"https://openalex.org/W4381486830","doi":"https://doi.org/10.1016/j.jacceco.2023.101617","title":"MiFID II Unbundling and Sell Side Analyst Research","display_name":"MiFID II Unbundling and Sell Side Analyst Research","publication_year":2019,"publication_date":"2019-01-01","ids":{"openalex":"https://openalex.org/W4381486830","doi":"https://doi.org/10.1016/j.jacceco.2023.101617"},"language":"en","primary_location":{"id":"doi:10.1016/j.jacceco.2023.101617","doi":"https://doi.org/10.1016/j.jacceco.2023.101617","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jacceco.2023.101617","pdf_url":null,"source":{"id":"https://openalex.org/S62142384","display_name":"Journal of Accounting and Economics","issn_l":"0165-4101","issn":["0165-4101","1879-1980"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Accounting and Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.3408198","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5016588287","display_name":"Mark H. Lang","orcid":"https://orcid.org/0000-0002-6311-9733","observed_orcids":["https://orcid.org/0000-0002-6311-9733"]},"institutions":[{"id":"https://openalex.org/I114027177","display_name":"University of North Carolina at Chapel Hill","ror":"https://ror.org/0130frc33","country_code":"US","type":"education","lineage":["https://openalex.org/I114027177"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Mark Lang","raw_affiliation_strings":["Kenan-Flagler Business School, University of North Carolina, United States"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Kenan-Flagler Business School, University of North Carolina, United States","institution_ids":["https://openalex.org/I114027177"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5066040956","display_name":"Jedson Pereira Pinto","orcid":"https://orcid.org/0000-0002-0158-5771","observed_orcids":["https://orcid.org/0000-0002-0158-5771"]},"institutions":[{"id":"https://openalex.org/I162577319","display_name":"The University of Texas at Dallas","ror":"https://ror.org/049emcs32","country_code":"US","type":"education","lineage":["https://openalex.org/I162577319"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Jedson Pinto","raw_affiliation_strings":["University of Texas at Dallas, United States"],"raw_orcid":"https://orcid.org/0000-0002-0158-5771","affiliations":[{"raw_affiliation_string":"University of Texas at Dallas, United States","institution_ids":["https://openalex.org/I162577319"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5044996729","display_name":"Edward Sul","orcid":"https://orcid.org/0000-0002-3630-0123","observed_orcids":["https://orcid.org/0000-0002-3630-0123","https://orcid.org/0000-0002-9415-9279"]},"institutions":[{"id":"https://openalex.org/I193531525","display_name":"George Washington University","ror":"https://ror.org/00y4zzh67","country_code":"US","type":"education","lineage":["https://openalex.org/I193531525"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Edward Sul","raw_affiliation_strings":["George Washington University, United States"],"raw_orcid":"https://orcid.org/0000-0002-3630-0123","affiliations":[{"raw_affiliation_string":"George Washington University, United States","institution_ids":["https://openalex.org/I193531525"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5016588287"],"corresponding_institution_ids":["https://openalex.org/I114027177"],"apc_list":{"value":1800,"currency":"USD","value_usd":1800},"apc_paid":null,"fwci":6.6669,"has_fulltext":false,"cited_by_count":60,"citation_normalized_percentile":{"value":0.96749678,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":97,"max":99},"biblio":{"volume":"77","issue":"1","first_page":"101617","last_page":"101617"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.4641000032424927,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.4641000032424927,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.37720000743865967,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.1160999983549118,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/mifid-ii","display_name":"MiFID II","score":0.9980000257492065},{"id":"https://openalex.org/keywords/analyst-coverage","display_name":"analyst coverage","score":0.8379999995231628},{"id":"https://openalex.org/keywords/analyst-forecast-accuracy","display_name":"analyst forecast accuracy","score":0.6830000281333923},{"id":"https://openalex.org/keywords/analyst-recommendations","display_name":"analyst recommendations","score":0.5410000085830688},{"id":"https://openalex.org/keywords/stock-price-reaction","display_name":"stock price reaction","score":0.6430000066757202},{"id":"https://openalex.org/keywords/investor-relations","display_name":"investor relations","score":0.7670000195503235},{"id":"https://openalex.org/keywords/financial-regulation","display_name":"financial regulation","score":0.5479999780654907},{"id":"https://openalex.org/keywords/european-union","display_name":"European Union","score":0.6470000147819519}],"concepts":[{"id":"https://openalex.org/C7668479","wikidata":"https://www.wikidata.org/wiki/Q7882446","display_name":"Unbundling","level":2,"score":0.8839975595474243},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.610554575920105},{"id":"https://openalex.org/C2780783599","wikidata":"https://www.wikidata.org/wiki/Q1931779","display_name":"Seniority","level":2,"score":0.4948233962059021},{"id":"https://openalex.org/C2779530757","wikidata":"https://www.wikidata.org/wiki/Q1207505","display_name":"Quality (philosophy)","level":2,"score":0.4714779853820801},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.4401381313800812},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.34695306420326233},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.28731533885002136},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1016/j.jacceco.2023.101617","doi":"https://doi.org/10.1016/j.jacceco.2023.101617","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jacceco.2023.101617","pdf_url":null,"source":{"id":"https://openalex.org/S62142384","display_name":"Journal of Accounting and Economics","issn_l":"0165-4101","issn":["0165-4101","1879-1980"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Accounting and Economics","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.3408198","doi":"https://doi.org/10.2139/ssrn.3408198","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.3408198","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eee:jaecon:v:77:y:2024:i:1:s0165410123000411","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0165410123000411","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:scholarspace.manoa.hawaii.edu:10125/64817","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10125/64817","pdf_url":null,"source":{"id":"https://openalex.org/S4306401722","display_name":"ScholarSpace (University of Hawaii at Manoa)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I117965899","host_organization_name":"University of Hawai\u02bbi at M\u0101noa","host_organization_lineage":["https://openalex.org/I117965899"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":null}],"best_oa_location":{"id":"doi:10.2139/ssrn.3408198","doi":"https://doi.org/10.2139/ssrn.3408198","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.3408198","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"display_name":"Industry, innovation and infrastructure","id":"https://metadata.un.org/sdg/9","score":0.41999998688697815}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":39,"referenced_works":["https://openalex.org/W752145741","https://openalex.org/W1996473235","https://openalex.org/W2004056865","https://openalex.org/W2044500284","https://openalex.org/W2047927383","https://openalex.org/W2049756701","https://openalex.org/W2081416478","https://openalex.org/W2089974445","https://openalex.org/W2101595266","https://openalex.org/W2135242030","https://openalex.org/W2138067662","https://openalex.org/W2152218822","https://openalex.org/W2152676791","https://openalex.org/W2158745490","https://openalex.org/W2162256707","https://openalex.org/W2164032431","https://openalex.org/W2239636253","https://openalex.org/W2317297277","https://openalex.org/W2606050303","https://openalex.org/W2622878786","https://openalex.org/W2710242558","https://openalex.org/W2894323075","https://openalex.org/W2901248590","https://openalex.org/W2915177913","https://openalex.org/W2964269650","https://openalex.org/W3047670632","https://openalex.org/W3098144460","https://openalex.org/W3121138362","https://openalex.org/W3121814340","https://openalex.org/W3122625349","https://openalex.org/W3122812325","https://openalex.org/W3122812581","https://openalex.org/W3123155148","https://openalex.org/W3123472505","https://openalex.org/W3123473399","https://openalex.org/W3124443849","https://openalex.org/W3124853670","https://openalex.org/W3125135627","https://openalex.org/W3164268559"],"related_works":["https://openalex.org/W3123473399","https://openalex.org/W3048960672","https://openalex.org/W2988089605","https://openalex.org/W4327727167","https://openalex.org/W3158741247","https://openalex.org/W2062357411","https://openalex.org/W3164268559","https://openalex.org/W3005194252","https://openalex.org/W3170799260","https://openalex.org/W4403391524"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":8},{"year":2025,"cited_by_count":11},{"year":2024,"cited_by_count":10},{"year":2023,"cited_by_count":9},{"year":2022,"cited_by_count":7},{"year":2021,"cited_by_count":7},{"year":2020,"cited_by_count":4},{"year":2019,"cited_by_count":4}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2023-06-22T00:00:00"}