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Government incentives and financial intermediaries : the case of Chinese sell-side analysts

Cao, Sheng; He, Xianjie; Wang, Charles C. Y.; Yin, Huifang - 2018

During times when the Chinese government wished to prop up the market, sell-side analysts from brokerages with significant government ownership issued relatively less pessimistic (or more optimistic) earnings forecasts, earnings-forecast revisions, and stock recommendations; they were also...

Persistent link: https://www.econbiz.de/10011931362

The impacts of speeches on nowcasting GDP : a case study on euro area markets

Koçak, Necmettin Alpay - In: Financial studies 25 (2021) 1, pp. 6-29

The use of speech data in nowcasting models is a new topic while the use of sentiment and emotion indicators from … descriptive analysis of the speech data, five emotion indicators are obtained as a result of the emotion analysis. The … contribution of these emotion indicators is examined to a nowcasting model including indicators from the real sector and household …

Persistent link: https://www.econbiz.de/10012664479

Using Sentiment Surveys to Predict GDP Growth and Stock Returns

Guzman, Giselle - 2012

This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...

Persistent link: https://www.econbiz.de/10013110732