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) affect the analyst's perceived credibility and investors' willingness to rely on and purchase the analyst's future reports …
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Zu Ehren von Volker Wolff vereinigt der Band Beiträge zum Spannungsfeld des Journalismus zwischen professioneller Autonomie und der Erfüllung von Nutzwert-Funktionen. Wolff war von 1995 bis 2014 Inhaber der Professur für Zeitungs- und Zeitschriftenjournalismus am Journalistischen Seminar der...
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This paper studies how investors react to public messages that may be optimistically biased. We first construct a communication game between an investor and a (possibly) biased securities analyst. We find an equilibrium characterised by the following properties: first, the investor reacts more...
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Analysten wurde immer wieder vorgeworfen, Aktienkursprognosen systematisch verzerrt zu haben, um den Aktienhandel und das Investmentbankinggeschäft ihres Arbeit gebenden Kreditinstituts zu stimulieren und das Management der analysierten Unternehmen durch gefärbte Berichterstattung zufrieden zu...
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ex post forecast accuracy, and whether subsequent analyst revisions confirm the credibility relevance of these … those periods serve as catalysts for creating measures to assess management forecast credibility. After arguing that sales …-free alternative to the linguistic tone measure which is related to ex post forecast accuracy. Analyst confirmation of the credibility …
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retail investors’ judgements of analysts’ competence and trustworthiness—two components of credibility. In line with … retail investors’ evaluation of the credibility of inconsistent revisions may differ significantly from how markets, as a …
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