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This paper investigates the role of published stock recommendations in print and online media as investor sentiment in the near-term German stock market. In line with extant literature on other sentiment measures, vector autoregressions reveal that past stock returns drive today's sentiment, but...
Persistent link: https://www.econbiz.de/10010319293
We present evidence of the impact of buy-side analysts on the behavior and performance of fund managers. Using data …. Our results show that buy-side analysts have a significant influence on trading decisions: Fund managers almost certainly …
Persistent link: https://www.econbiz.de/10010302544
. As a practical example, the professional competition between fund managers is considered. To explore how different …
Persistent link: https://www.econbiz.de/10010306759
of decision making? We analyze survey responses of 649 fund managers in the U.S., Germany, Italy and Thailand, and find … that female fund managers tend to behave as expected from gender studies: they are more risk averse and shy away from …
Persistent link: https://www.econbiz.de/10010264941
incentives to learn efficient behavior, i.e. fund managers. We split this group into endorsers and non-endorsers of behavioral …
Persistent link: https://www.econbiz.de/10010264942
evidence from 692 fund managers in five countries, the vast majority of whom rely on technical analysis. At a forecasting …
Persistent link: https://www.econbiz.de/10010270396
. As a practical example, the professional competition between fund managers is considered. To explore how different … evolutionary model is developed. Using a simple genetic algorithm, two attributes of virtual fund managers evolve: the share of … does not necessarily select managers with efficient portfolios. These results underline the institutional need for the …
Persistent link: https://www.econbiz.de/10010309602
The study analyses the characteristics of professional exchange rate forecasts for the €/US-$ rate. The results … indicate that the quality of forecasts produced by profes-sional economists is rather poor and incompatible with the rational … expectations hy-pothesis. This dismal result is according to our analysis attributed to the fact that professional forecasts are to …
Persistent link: https://www.econbiz.de/10010305755
and disutility from disappointment ex post. The decision maker chooses his degree of optimism, given that more optimism …, disappointment, optimism, decision under risk, portfolio allocation. …
Persistent link: https://www.econbiz.de/10010298342
random walk forecasts. The root for this deficient outcome stems from the fact that professional forecasts are to a large …. Additionally, we apply a simple model to explain professional and students forecasts. …
Persistent link: https://www.econbiz.de/10010305737