BONNER, SARAH E.; HUGON, ARTUR; WALTHER, BEVERLY R. - In: Journal of Accounting Research 45 (2007) 3, pp. 481-513
<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>We examine the effects of analysts' celebrity on investor reaction to earnings forecast revisions. We measure celebrity as the quantity of media coverage analysts receive in sources included in the Dow Jones Interactive database, and find that media coverage is positively related to...