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forecast levels. A country's proximity to the US, importance to the firm, and visibility, as well as availability of more … precise information about foreign country exposures, contribute to consensus forecast efficiency. We identify a dimension of … — and show that it contributes to forecast efficiency, accuracy, and informativeness and that it helps the analyst achieve …
Persistent link: https://www.econbiz.de/10011800867
uncertainty, as reflected by greater timeliness with no loss in forecast accuracy. In contrast, analysts have greater difficulty … dealing with heightened market uncertainty, as both timeliness and forecast accuracy decline …
Persistent link: https://www.econbiz.de/10010250690
We document an improvement in analysts’ forecast accuracy following increased sector ETF ownership. We identify a …, analysts have an opportunity to re-optimize their attention to firm-specific information and improve forecast accuracy …
Persistent link: https://www.econbiz.de/10014351350
of stock recommendation, target price, and earnings forecast changes, and that investors following trade ideas can earn …
Persistent link: https://www.econbiz.de/10012120228
Persistent link: https://www.econbiz.de/10012250655
Financial misbehavior is widespread and costly. The Dutch government legally requires every employee in the financial sector to take a Hippocratic oath, the so-called "banker's oath." We investigate whether moral nudges that directly and indirectly remind financial advisers of their oath affect...
Persistent link: https://www.econbiz.de/10012431886
Financial misbehavior is widespread and costly. The Dutch government legally requires every employee in the financial sector to take a Hippocratic oath, the so-called "banker's oath." We investigate whether moral nudges that directly and indirectly remind financial advisers of their oath affect...
Persistent link: https://www.econbiz.de/10012510856
Financial misbehavior is widespread and costly. The Dutch government legally requires every employee in the financial sector to take a Hippocratic oath, the so-called "banker's oath." We investigate whether nudges that (in)directly remind financial advisers of their oath affect their service. In...
Persistent link: https://www.econbiz.de/10013373153
Sentiment indices based on investor sentiment surveys attempt to measure the stock market sentiment. The literature on these indices focusses mainly on whether investor sentiment influences the financial markets or not. But the term “sentiment” has never been defined in the literature....
Persistent link: https://www.econbiz.de/10010197018
We exploit a novel natural experiment to establish a clear causal relation between media attention and consumer investment behavior. Our findings indicate a 31 percent local average increase in quarterly capital flows into mutual funds mentioned in a prominent Wall Street Journal “Category...
Persistent link: https://www.econbiz.de/10011807999