This study explores how a change in political landscape affects analysts’ forecasting behaviour. We find that when the bilateral political relations between the United States and another country worsen, analysts tend to herd in their earnings forecasts for foreign stocks listed in the US...

This study explores how a change in political landscape affects analysts’ forecasting behaviour. We find that when the bilateral political relations between the United States and another country worsen, analysts tend to herd in their earnings forecasts for foreign stocks listed in the US...

Intro -- Contents -- Preface -- 1. Capitalist Diversity in Open Economies -- 2. Governments, Business, and the Design Problem -- 3. Three Models of Open Governance -- 4. Britain: From Replacing to Reinforcing a Liberal Market Economy -- 5. France: The Centralized Market Economy and Its...