Cox, Raymond A.K.; Kleiman, Robert T. - In: Managerial Finance 28 (2002) 1, pp. 1-13
Outlines previous research on the security analyst “superstar” phenomenon, including the stochastic model of Yule and Simon. Applies this to data on the 1986‐1997 selections for the Institutional Investor’s All‐British Research First Team (ABRT) and finds that it does not explain the...