-
1
-
-
0742304035
-
Biased forecasts or biased earnings? the role of earnings management in explaining apparent optimism and inefficiency in analysts' earnings forecasts
-
Abarbanell, J., and R. Lehavy, 2003, "Biased Forecasts or Biased Earnings? The Role of Earnings Management in Explaining Apparent Optimism and Inefficiency in Analysts' Earnings Forecasts," Journal of Accounting and Economics, 36, 105-146.
-
(2003)
Journal of Accounting and Economics
, vol.36
, pp. 105-146
-
-
Abarbanell, J.1
Lehavy, R.2
-
2
-
-
84977733335
-
Analysts' overreaction/underreaction to earnings information as an explanation for anomalous stock price behavior
-
Abarbanell, J. S., and V. Bernard, 1992, "Analysts' Overreaction/Underreaction to Earnings Information as an Explanation for Anomalous Stock Price Behavior," Journal of Finance, 47, 1181-1207.
-
(1992)
Journal of Finance
, vol.47
, pp. 1181-1207
-
-
Abarbanell, J.S.1
Bernard, V.2
-
3
-
-
0033245306
-
Herding over the career
-
Avery, C, and J. Chevalier, 1999, "Herding over the Career," Economics Letters, 63, 327-333.
-
(1999)
Economics Letters
, vol.63
, pp. 327-333
-
-
Avery, C.1
Chevalier, J.2
-
4
-
-
12344267943
-
Loss function assumptions in rational expectations tests on financial analysts' earnings forecasts
-
Basu, S., and S. Markov, 2004, "Loss Function Assumptions in Rational Expectations Tests on Financial Analysts' Earnings Forecasts," Journal of Accounting and Economics, 38, 171-203.
-
(2004)
Journal of Accounting and Economics
, vol.38
, pp. 171-203
-
-
Basu, S.1
Markov, S.2
-
5
-
-
45949121023
-
Security analyst superiority relative to univariate time-series models in forecasting quarterly earnings
-
Brown, L. D., R. Hagerman, P. Griffin, and M. E. Zmijewski, 1985, "Security Analyst Superiority Relative to Univariate Time-Series Models in Forecasting Quarterly Earnings," Journal of Accounting and Economics, 61-87.
-
(1985)
Journal of Accounting and Economics
, pp. 61-87
-
-
Brown, L.D.1
Hagerman, R.2
Griffin, P.3
Zmijewski, M.E.4
-
6
-
-
13844299177
-
Investor learning about analyst predictive ability
-
Chen, Q., J. Francis, and W. Jiang, 2005, "Investor Learning about Analyst Predictive Ability," Journal of Accounting and Economics, 39, 3-24.
-
(2005)
Journal of Accounting and Economics
, vol.39
, pp. 3-24
-
-
Chen, Q.1
Francis, J.2
Jiang, W.3
-
7
-
-
12344331830
-
Financial analyst characteristics and herding behavior in forecasting
-
Clement, M., and S. Tse, 2004, "Financial Analyst Characteristics and Herding Behavior in Forecasting," Journal of Finance, 60, 307-341.
-
(2004)
Journal of Finance
, vol.60
, pp. 307-341
-
-
Clement, M.1
Tse, S.2
-
8
-
-
0742269359
-
A note on analysts' earnings forecast error distribution
-
Cohen, D., and T. Lys, 2003, "A Note on Analysts' Earnings Forecast Error Distribution," Journal of Accounting and Economics, 36, 147-164.
-
(2003)
Journal of Accounting and Economics
, vol.36
, pp. 147-164
-
-
Cohen, D.1
Lys, T.2
-
9
-
-
0041902290
-
Following the leader: A study of individual analysts' earnings forecasts
-
Cooper, R. A., T. E. Day, and C. M. Lewis, 2001, "Following the Leader: A Study of Individual Analysts' Earnings Forecasts," Journal of Financial Economics, 61, 383-416.
-
(2001)
Journal of Financial Economics
, vol.61
, pp. 383-416
-
-
Cooper, R.A.1
Day, T.E.2
Lewis, C.M.3
-
10
-
-
0003484780
-
-
Cambridge University Press, Cambridge, UK
-
Davison, A., and D. Hinkley, 1997, Bootstrap Methods and Their Application, Cambridge University Press, Cambridge, UK.
-
(1997)
Bootstrap Methods and Their Application
-
-
Davison, A.1
Hinkley, D.2
-
11
-
-
0002393150
-
Do security analysts overreact?
-
DeBondt, W. F. M., and R. H. Thaler, 1990, "Do Security Analysts Overreact?," American Economic Review, 80, 52-57.
-
(1990)
American Economic Review
, vol.80
, pp. 52-57
-
-
DeBondt, W.F.M.1
Thaler, R.H.2
-
12
-
-
0001897473
-
Earnings management to exceed thresholds
-
Degeorge, F., J. Patel, and R. Zeckhauser, 1999, "Earnings Management to Exceed Thresholds," Journal of Business, 72, 1-33.
-
(1999)
Journal of Business
, vol.72
, pp. 1-33
-
-
Degeorge, F.1
Patel, J.2
Zeckhauser, R.3
-
13
-
-
0041669468
-
Differences of opinion and the cross-section of stock returns
-
Diether, K., C. Malloy, and A. Scherbina, 2001, "Differences of Opinion and the Cross-Section of Stock Returns," Journal of Finance, 57, 2113-2141.
-
(2001)
Journal of Finance
, vol.57
, pp. 2113-2141
-
-
Diether, K.1
Malloy, C.2
Scherbina, A.3
-
14
-
-
84984198819
-
The effect of investment banking relationships on financial analysts' earnings forecasts and investment recommendations
-
Dugar, A., and S. Nathan, 1995, "The Effect of Investment Banking Relationships on Financial Analysts' Earnings Forecasts and Investment Recommendations," Contemporary Accounting Research, 12, 131-160.
-
(1995)
Contemporary Accounting Research
, vol.12
, pp. 131-160
-
-
Dugar, A.1
Nathan, S.2
-
15
-
-
0038850183
-
Inefficiency in analysts' earnings forecasts: Systematic misreaction or systematic optimism?
-
Easterwood, J. C., and S. R. Nutt, 1999, "Inefficiency in Analysts' Earnings Forecasts: Systematic Misreaction or Systematic Optimism?," Journal of Finance, 54, 1777-1797.
-
(1999)
Journal of Finance
, vol.54
, pp. 1777-1797
-
-
Easterwood, J.C.1
Nutt, S.R.2
-
16
-
-
0040455274
-
Why are professional forecasters biased? Agency versus behavioral explanations
-
Ehrbeck, T., and R. Waldmann, 1996, "Why are Professional Forecasters Biased? Agency versus Behavioral Explanations," Quarterly Journal of Economics, 111, 21-41.
-
(1996)
Quarterly Journal of Economics
, vol.111
, pp. 21-41
-
-
Ehrbeck, T.1
Waldmann, R.2
-
17
-
-
0013399152
-
A simple framework for nonparametric specification testing
-
Ellison, G., and S. Ellison, 2000, "A Simple Framework for Nonparametric Specification Testing," Journal of Econometrics, 96, 1-23.
-
(2000)
Journal of Econometrics
, vol.96
, pp. 1-23
-
-
Ellison, G.1
Ellison, S.2
-
19
-
-
21344493717
-
Analysts' decisions as products of a multi-task environment
-
Francis, J., and D. Philbrick, 1993, "Analysts' Decisions as Products of a Multi-Task Environment," Journal of Accounting Research, 31, 216-230.
-
(1993)
Journal of Accounting Research
, vol.31
, pp. 216-230
-
-
Francis, J.1
Philbrick, D.2
-
20
-
-
0035583183
-
Learning to be overconfident
-
Gervais, S., and T. Odean, 2001, "Learning to be Overconfident," Review of Financial Studies, 14, 1-27.
-
(2001)
Review of Financial Studies
, vol.14
, pp. 1-27
-
-
Gervais, S.1
Odean, T.2
-
21
-
-
44049114641
-
The weighing of evidence and the determinants of overconfidence
-
Griffin, D., and A. Tversky, 1992, "The Weighing of Evidence and the Determinants of Overconfidence," Cognitive Psychology, 24, 411-435.
-
(1992)
Cognitive Psychology
, vol.24
, pp. 411-435
-
-
Griffin, D.1
Tversky, A.2
-
22
-
-
0037375980
-
Earning skewness and analyst forecast bias
-
Gu, Z., and J. S. Wu, 2003, "Earning Skewness and Analyst Forecast Bias," Journal of Accounting and Economics, 35, 5-29.
-
(2003)
Journal of Accounting and Economics
, vol.35
, pp. 5-29
-
-
Gu, Z.1
Wu, J.S.2
-
23
-
-
0003948269
-
-
Addison-Wesley, Reading, MA
-
Hastorf, A. H., D. Schneider, and J. Polefka, 1970, Person Perception, Addison-Wesley, Reading, MA.
-
(1970)
Person Perception
-
-
Hastorf, A.H.1
Schneider, D.2
Polefka, J.3
-
24
-
-
0007984413
-
Misclassification of the dependent variable in a discrete-response setting
-
Hausman, J., J. Abrevaya, and F. Scott-Morton, 1998, " Misclassification of the Dependent Variable in a Discrete-Response Setting," Journal of Econometrics, 87, 239-269.
-
(1998)
Journal of Econometrics
, vol.87
, pp. 239-269
-
-
Hausman, J.1
Abrevaya, J.2
Scott-Morton, F.3
-
25
-
-
4243442002
-
Managerial incentive problems: A dynamic perspective
-
Holmstrom, B., 1999, "Managerial Incentive Problems: A Dynamic Perspective," Review of Economic Studies, 66, 169-182.
-
(1999)
Review of Economic Studies
, vol.66
, pp. 169-182
-
-
Holmstrom, B.1
-
26
-
-
0013468441
-
Analyzing the analysts: Career concerns and biased earnings forecasts
-
Hong, H., and J. Kubik, 2003, "Analyzing the Analysts: Career Concerns and Biased Earnings Forecasts," Journal of Finance, 63, 313-351.
-
(2003)
Journal of Finance
, vol.63
, pp. 313-351
-
-
Hong, H.1
Kubik, J.2
-
27
-
-
0034372684
-
Security analysts' career concerns and herding of earnings forecasts
-
Hong, H., J. Kubik, and A. Solomon, 2000, "Security Analysts' Career Concerns and Herding of Earnings Forecasts," Rand Journal of Economics, 31, 121-144.
-
(2000)
Rand Journal of Economics
, vol.31
, pp. 121-144
-
-
Hong, H.1
Kubik, J.2
Solomon, A.3
-
28
-
-
0039372663
-
Bad news travels slowly: Size, analysts coverage, and profitability of momentum strategies
-
Hong, H., T. Lim, and J. C. Stein, 2000, "Bad News Travels Slowly: Size, Analysts Coverage, and Profitability of Momentum Strategies," Journal of Finance, 55, 265-295.
-
(2000)
Journal of Finance
, vol.55
, pp. 265-295
-
-
Hong, H.1
Lim, T.2
Stein, J.C.3
-
29
-
-
0012166025
-
A unified theory of underreaction, momentum trading and overreaction in asset markets
-
Hong, H., and J. Stein, 1999, "A Unified Theory of Underreaction, Momentum Trading and Overreaction in Asset Markets," Journal of Finance, 54, 2143-2184.
-
(1999)
Journal of Finance
, vol.54
, pp. 2143-2184
-
-
Hong, H.1
Stein, J.2
-
30
-
-
1342266672
-
Analysts' forecasts and brokerage-firm trading
-
Irvine, P. J., 2004, "Analysts' Forecasts and Brokerage-Firm Trading," Accounting Review, 79, 125-149.
-
(2004)
Accounting Review
, vol.79
, pp. 125-149
-
-
Irvine, P.J.1
-
31
-
-
0003768818
-
-
Cambridge University Press, Cambridge, UK
-
Kahneman, D., P. Slovic, and A. Tversky, 1982, Judgment under Uncertainty: Heuristics and Biases, Cambridge University Press, Cambridge, UK.
-
(1982)
Judgment under Uncertainty: Heuristics and Biases
-
-
Kahneman, D.1
Slovic, P.2
Tversky, A.3
-
32
-
-
0038845431
-
Rationality and analysts' forecast bias
-
Lim, T., 2001, "Rationality and Analysts' Forecast Bias," Journal of Finance, 56, 369-385.
-
(2001)
Journal of Finance
, vol.56
, pp. 369-385
-
-
Lim, T.1
-
33
-
-
0001250001
-
Underwriting relationships, analysts' earnings forecasts and investment recommendations
-
Lin, H.-W., and M. F. McNichols, 1998, "Underwriting Relationships, Analysts' Earnings Forecasts and Investment Recommendations," Journal of Accounting and Economics, 25, 101-127.
-
(1998)
Journal of Accounting and Economics
, vol.25
, pp. 101-127
-
-
Lin, H.-W.1
McNichols, M.F.2
-
35
-
-
84890935228
-
Analysts' response to earnings management
-
Northwestern University
-
Liu, X., 2003, "Analysts' Response to Earnings Management," Working paper, Northwestern University.
-
(2003)
Working Paper
-
-
Liu, X.1
-
36
-
-
38249017814
-
The association between revisions of financial analysts' earnings forecasts and security-price changes
-
Lys, T., and S. Sohn, 1990, "The Association between Revisions of Financial Analysts' Earnings Forecasts and Security-Price Changes," Journal of Accounting and Economics, 13, 341-363.
-
(1990)
Journal of Accounting and Economics
, vol.13
, pp. 341-363
-
-
Lys, T.1
Sohn, S.2
-
37
-
-
0031350665
-
Self-selection and analyst coverage
-
McNichols, M., and P. C. O'Brien, 1997, "Self-Selection and Analyst Coverage," Journal of Accounting Research, Supplement, 35, 167-199.
-
(1997)
Journal of Accounting Research, Supplement
, vol.35
, pp. 167-199
-
-
McNichols, M.1
O'Brien, P.C.2
-
38
-
-
0033442404
-
Conflict of interest and the credibility of underwriter analyst recommendations
-
Michaely, R., and K. L. Womack, 1999, "Conflict of Interest and the Credibility of Underwriter Analyst Recommendations," Review of Financial Studies, Special, 12, 653-686.
-
(1999)
Review of Financial Studies, Special
, vol.12
, pp. 653-686
-
-
Michaely, R.1
Womack, K.L.2
-
39
-
-
0033240446
-
Does forecast accuracy matter to security analysts?
-
Mikhail, M. B., B. R. Walther, and R. H. Willis, 1999, "Does Forecast Accuracy Matter to Security Analysts?," Accounting Review, 74, 185-200.
-
(1999)
Accounting Review
, vol.74
, pp. 185-200
-
-
Mikhail, M.B.1
Walther, B.R.2
Willis, R.H.3
-
40
-
-
0001082086
-
Analyst forecasting ability and the stock price reaction to forecast revisions
-
Park, C., and E. Stice, 2000, "Analyst Forecasting Ability and the Stock Price Reaction to Forecast Revisions," Review of Accounting Studies, 5, 259-272.
-
(2000)
Review of Accounting Studies
, vol.5
, pp. 259-272
-
-
Park, C.1
Stice, E.2
-
41
-
-
0000033632
-
Impetuous youngsters and jaded old-timers: Acquiring a reputation for learning
-
Prendergast, C., and L. Stole, 1996, "Impetuous Youngsters and Jaded Old-Timers: Acquiring a Reputation for Learning," Journal of Political Economy, 104, 1105-1134.
-
(1996)
Journal of Political Economy
, vol.104
, pp. 1105-1134
-
-
Prendergast, C.1
Stole, L.2
-
42
-
-
0002860329
-
Analyst following of initial public offerings
-
Rajan, R., and H. Servaes, 1997, "Analyst Following of Initial Public Offerings," Journal of Finance, 52, 507-529.
-
(1997)
Journal of Finance
, vol.52
, pp. 507-529
-
-
Rajan, R.1
Servaes, H.2
-
43
-
-
0003429037
-
Tracking analysts' forecasts over the annual earnings horizon: Are analysts' forecasts optimistic or pessimistic?
-
University of Pennsylvania, Ohio State University and MIT
-
Richardson, S., S. H. Teoh, and P. Wysocki, 2001, "Tracking Analysts' Forecasts over the Annual Earnings Horizon: Are Analysts' Forecasts Optimistic or Pessimistic?," Working paper, University of Pennsylvania, Ohio State University and MIT.
-
(2001)
Working Paper
-
-
Richardson, S.1
Teoh, S.H.2
Wysocki, P.3
-
44
-
-
84993865999
-
Reputation and performance among security analysts
-
Stickel, S. E., 1992, "Reputation and Performance among Security Analysts," Journal of Finance, 48, 1811-1836.
-
(1992)
Journal of Finance
, vol.48
, pp. 1811-1836
-
-
Stickel, S.E.1
-
45
-
-
0034367589
-
Herding among security analysts
-
Welch, I., 2000, "Herding among Security Analysts," Journal of Financial Economics, 58, 369-396.
-
(2000)
Journal of Financial Economics
, vol.58
, pp. 369-396
-
-
Welch, I.1
-
46
-
-
1242345357
-
Cluster-sample methods in applied econometrics
-
Wooldridge, J., 2003, "Cluster-Sample Methods in Applied Econometrics," American Economic Review, 93.
-
(2003)
American Economic Review
, vol.93
-
-
Wooldridge, J.1
-
47
-
-
12344293191
-
Measuring herding and exaggeration by equity analysts and other opinion sellers
-
Zitzewitz, E., 2001a, "Measuring Herding and Exaggeration by Equity Analysts and Other Opinion Sellers," Standford University GSB Working Paper.
-
(2001)
Standford University GSB Working Paper
-
-
Zitzewitz, E.1
|