메뉴 건너뛰기




Volumn 27, Issue 4, 2008, Pages 295-316

Reg-FD and the competitiveness of all-star analysts

Author keywords

All Star analysts; Competition; Regulation Fair Disclosure

Indexed keywords


EID: 47749131139     PISSN: 02784254     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jaccpubpol.2008.06.002     Document Type: Article
Times cited : (43)

References (32)
  • 1
    • 33847064630 scopus 로고    scopus 로고
    • Who is afraid of Reg-FD? The behavior and performance of sell-side analysts following the SEC's Fair Disclosure rules
    • Agrawal A., Chadha S., and Chen M. Who is afraid of Reg-FD? The behavior and performance of sell-side analysts following the SEC's Fair Disclosure rules. Journal of Business 79 6 (2006) 2811-2834
    • (2006) Journal of Business , vol.79 , Issue.6 , pp. 2811-2834
    • Agrawal, A.1    Chadha, S.2    Chen, M.3
  • 3
    • 0040790501 scopus 로고    scopus 로고
    • Chasing hot funds: The effects of relative performance on portfolio choice
    • Bagnoli M., and Watts S. Chasing hot funds: The effects of relative performance on portfolio choice. Financial Management 29 3 (2000) 31-50
    • (2000) Financial Management , vol.29 , Issue.3 , pp. 31-50
    • Bagnoli, M.1    Watts, S.2
  • 4
    • 0345447646 scopus 로고    scopus 로고
    • Regulation Fair Disclosure and earnings information: Market, analyst and corporate responses
    • Bailey W., Li H., Mao C., and Zhong R. Regulation Fair Disclosure and earnings information: Market, analyst and corporate responses. Journal of Finance 58 6 (2003) 2487-2514
    • (2003) Journal of Finance , vol.58 , Issue.6 , pp. 2487-2514
    • Bailey, W.1    Li, H.2    Mao, C.3    Zhong, R.4
  • 6
    • 34247583384 scopus 로고    scopus 로고
    • The impact of All-Star analyst job changes on their coverage choices and subsequent investment banking deal flow
    • Clarke J., Khorana A., Patel A., and Rau P. The impact of All-Star analyst job changes on their coverage choices and subsequent investment banking deal flow. Journal of Financial Economics 84 3 (2006) 713-737
    • (2006) Journal of Financial Economics , vol.84 , Issue.3 , pp. 713-737
    • Clarke, J.1    Khorana, A.2    Patel, A.3    Rau, P.4
  • 7
    • 0033162044 scopus 로고    scopus 로고
    • Analyst forecast accuracy: Do ability, resources, and portfolio complexity matter?
    • Clement M. Analyst forecast accuracy: Do ability, resources, and portfolio complexity matter?. Journal of Accounting and Economics 27 93 (1999) 285-303
    • (1999) Journal of Accounting and Economics , vol.27 , Issue.93 , pp. 285-303
    • Clement, M.1
  • 8
    • 0037289353 scopus 로고    scopus 로고
    • Do investors respond to analysts' forecast revisions as if forecast accuracy is all that matters?
    • Clement M., and Tse S. Do investors respond to analysts' forecast revisions as if forecast accuracy is all that matters?. The Accounting Review 78 1 (2003) 227-249
    • (2003) The Accounting Review , vol.78 , Issue.1 , pp. 227-249
    • Clement, M.1    Tse, S.2
  • 9
    • 12344331830 scopus 로고    scopus 로고
    • Financial analyst characteristics and herding behavior in forecasting
    • Clement M., and Tse S. Financial analyst characteristics and herding behavior in forecasting. Journal of Finance 60 1 (2005) 307-341
    • (2005) Journal of Finance , vol.60 , Issue.1 , pp. 307-341
    • Clement, M.1    Tse, S.2
  • 11
    • 47749114994 scopus 로고    scopus 로고
    • Emery, R., Li, X., in press. Are the Wall Street analyst rankings popularity contests? Journal of Financial and Quantitative Analysis.
    • Emery, R., Li, X., in press. Are the Wall Street analyst rankings popularity contests? Journal of Financial and Quantitative Analysis.
  • 12
    • 47749116539 scopus 로고    scopus 로고
    • Fang, L., Yasuda, A., in press. The effectiveness of reputations as a disciplinary mechanism in sell-side research. Review of Financial Studies.
    • Fang, L., Yasuda, A., in press. The effectiveness of reputations as a disciplinary mechanism in sell-side research. Review of Financial Studies.
  • 14
    • 33746511010 scopus 로고    scopus 로고
    • Re-examining the effects of Regulation Fair Disclosure using foreign listed firms to control for concurrent shocks
    • Francis J., Nanda D., and Wang X. Re-examining the effects of Regulation Fair Disclosure using foreign listed firms to control for concurrent shocks. Journal of Accounting and Economics 41 3 (2006) 271-292
    • (2006) Journal of Accounting and Economics , vol.41 , Issue.3 , pp. 271-292
    • Francis, J.1    Nanda, D.2    Wang, X.3
  • 16
    • 0037288662 scopus 로고    scopus 로고
    • Analyst forecast revisions and market price discovery
    • Gleason C., and Lee C. Analyst forecast revisions and market price discovery. The Accounting Review 78 1 (2003) 193-225
    • (2003) The Accounting Review , vol.78 , Issue.1 , pp. 193-225
    • Gleason, C.1    Lee, C.2
  • 17
    • 3042547948 scopus 로고    scopus 로고
    • Performance fee contract change and mutual fund risk
    • Golec J., and Starks L. Performance fee contract change and mutual fund risk. Journal of Financial Economics 73 1 (2004) 93-118
    • (2004) Journal of Financial Economics , vol.73 , Issue.1 , pp. 93-118
    • Golec, J.1    Starks, L.2
  • 18
    • 0037289352 scopus 로고    scopus 로고
    • Regulation FD and the financial environment: Early evidence
    • Heflin F., Subramanyam K.R., and Zhang Y. Regulation FD and the financial environment: Early evidence. The Accounting Review 78 1 (2001) 1-37
    • (2001) The Accounting Review , vol.78 , Issue.1 , pp. 1-37
    • Heflin, F.1    Subramanyam, K.R.2    Zhang, Y.3
  • 19
    • 0034372684 scopus 로고    scopus 로고
    • Security analysts' career concerns and herding of earnings forecasts
    • Hong H., Kubik J., and Solomon A. Security analysts' career concerns and herding of earnings forecasts. RAND Journal of Economics 31 1 (2000) 121-144
    • (2000) RAND Journal of Economics , vol.31 , Issue.1 , pp. 121-144
    • Hong, H.1    Kubik, J.2    Solomon, A.3
  • 20
    • 0013468441 scopus 로고    scopus 로고
    • Analyzing the analysts: Career concerns and biased earnings forecasts
    • Hong H., and Kubik J. Analyzing the analysts: Career concerns and biased earnings forecasts. The Journal of Finance 58 1 (2003) 313-351
    • (2003) The Journal of Finance , vol.58 , Issue.1 , pp. 313-351
    • Hong, H.1    Kubik, J.2
  • 21
    • 29844453199 scopus 로고    scopus 로고
    • Determinants of managerial earnings guidance prior to Regulation Fair Disclosure and bias in analysts' earnings forecasts
    • Hutton A. Determinants of managerial earnings guidance prior to Regulation Fair Disclosure and bias in analysts' earnings forecasts. Contemporary Accounting Research 22 4 (2005) 867-914
    • (2005) Contemporary Accounting Research , vol.22 , Issue.4 , pp. 867-914
    • Hutton, A.1
  • 22
    • 47749101762 scopus 로고    scopus 로고
    • International Monetary Fund, 2001. World Economic Outlook: A Survey by the Staff of the International Monetary Fund. International Monetary Fund, Washington, DC.
    • International Monetary Fund, 2001. World Economic Outlook: A Survey by the Staff of the International Monetary Fund. International Monetary Fund, Washington, DC.
  • 23
    • 0001908433 scopus 로고    scopus 로고
    • Expertise in forecasting performance of security analysts
    • Jacob J., Lys T., and Neale M. Expertise in forecasting performance of security analysts. Journal of Accounting and Economics 28 1 (1999) 27-50
    • (1999) Journal of Accounting and Economics , vol.28 , Issue.1 , pp. 27-50
    • Jacob, J.1    Lys, T.2    Neale, M.3
  • 24
    • 16844367658 scopus 로고    scopus 로고
    • Informational effects of regulation FD: Evidence from rating agencies
    • Jorion P., Liu Z., and Shi C. Informational effects of regulation FD: Evidence from rating agencies. Journal of Financial Economics 76 2 (2005) 309-330
    • (2005) Journal of Financial Economics , vol.76 , Issue.2 , pp. 309-330
    • Jorion, P.1    Liu, Z.2    Shi, C.3
  • 26
  • 27
    • 34447624498 scopus 로고    scopus 로고
    • The economics of conflicts of interest in financial institutions
    • Mehran H., and Stulz R. The economics of conflicts of interest in financial institutions. Journal of Financial Economics 85 2 (2007) 267-296
    • (2007) Journal of Financial Economics , vol.85 , Issue.2 , pp. 267-296
    • Mehran, H.1    Stulz, R.2
  • 28
    • 0033240446 scopus 로고    scopus 로고
    • Does forecast accuracy matter to security analysts?
    • Mikhail M., Walther B., and Willis R. Does forecast accuracy matter to security analysts?. The Accounting Review 74 2 (1999) 185-200
    • (1999) The Accounting Review , vol.74 , Issue.2 , pp. 185-200
    • Mikhail, M.1    Walther, B.2    Willis, R.3
  • 29
    • 33745584604 scopus 로고    scopus 로고
    • How has Regulation Fair Disclosure affected the functioning of financial analysts?
    • Mohanram P., and Sunder S. How has Regulation Fair Disclosure affected the functioning of financial analysts?. Contemporary Accounting Research 23 2 (2006) 491-525
    • (2006) Contemporary Accounting Research , vol.23 , Issue.2 , pp. 491-525
    • Mohanram, P.1    Sunder, S.2
  • 31
    • 0001555635 scopus 로고
    • Predicting individual analyst earnings forecasts
    • Stickel S. Predicting individual analyst earnings forecasts. Journal of Accounting Research 28 2 (1990) 409-417
    • (1990) Journal of Accounting Research , vol.28 , Issue.2 , pp. 409-417
    • Stickel, S.1
  • 32
    • 84993865999 scopus 로고
    • Reputation and performance among security analysts
    • Stickel S. Reputation and performance among security analysts. The Journal of Finance 47 5 (1992) 1811-1836
    • (1992) The Journal of Finance , vol.47 , Issue.5 , pp. 1811-1836
    • Stickel, S.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.