This study examines whether aggregate uncertainty affects the herding tendency among
analysts. The results show that, in addition to market risk and firm-level uncertainty, analysts' …

ABSTRACT this paper examines the economic consequences of the initiation of governance
analyst coverage. Governance analysts process, enhance, and disseminate governance …

We select a small set of recommendations that lie in the upper and lower tail of the empirical
distribution of divergences between a recommendation, and the consensus over the window …

Individuals often refer to opinions of others when they make decisions in the real world. Our
question is how the people's reference structure self-organizes when people try to provide …

Purpose This study aims to analyze the link between earnings pressure and R&D cut as well
as the moderating effects of family control and debt. Design/methodology/approach In total …

This paper presents an agent based model of a financial market with a real-time engine,
whose operation replicates the official time schedule of Borsa Italiana SpA Simulated time …

Problematyka efektywnego inwestowania niezmiennie jest tematem intrygującym i
aktualnym. Ze względu na internetową rewolucję i galopujący rozwój technologii mobilnych …

Using 657 Malaysian sell-side analyst recommendations from January 2010 until December
2015, this paper documents the usefulness of equity analyst reports to investors. The …

In this paper, the authors seek to investigate the relationship between company's attributes
at the time of its initial public offering and the event of its delisting from the five largest …

I utilize the recursive partitioning method to extract analysts' weight of forecasts assigned in
their stock recommendation decisions. My findings suggest that in addition to analysts' …