This paper investigates the relative performance of local and foreign financial analysts on Latin American emerging markets.

This paper examines whether employees involved in RMBS securitization experienced internal and external labor market consequences relative to similar non-RMBS employees in the same banks, and why. Senior RMBS bankers experienced similar levels of job retention, promotion, and external job market...

This study analyzes the accuracy of forecasted target prices within analysts’ reports. We compute a measurefor target price forecast accuracy that evaluates the ability of analysts to exactly forecast the ex-ante (unknown)12-month stock price. Furthermore, we determine factors that explain...

This study investigates the determinants of European financial analysts’ forecasts differential accuracy. We find that European financial analysts forecast accuracy is positively associated with analyst firm specific experience and the number of companies covered by the analysts. Forecast...

This Study investigates the determinants of European financial analyst's forecasts differential accuracy. We find that European financial analysts forecast accuracy is positively associated with analyst firm specific experience and the number of companies covered by the analysts.

We investigate career concerns of financial advisers with a focus on their risk-taking and upward mobility. We use matched employer-employee data for the universe of financial advisers with one well-known national ranking for top financial advisers. We find that at early career stages before...

We consider the labour market for financial advisers in the US using a matched employer-employee data set over the period 2008-2018, in order to examine gender gaps and racial disparities in labour market penalties for financial misconduct. We first show that the measurement of labour market...

Using analysts' stock recommendations this paper shows gender heterogeneity in investment advice. The odds for female financial analysts to issue optimistic recommendations are much lower than the odds for male analysts. However, an investor cannot profit from the observed gender differences....

This study examines whether individuals' early-career experience influences their subsequent job behavior. I find that sell-side analysts who worked with more optimistic coworkers in their early career issue more strong buy recommendations, more large upgrades, higher earnings forecasts, and...

Sell-side fundamental analyst reports are highly valued in the financial industry and include three main quantitative components: earnings forecasts, target prices, and buy/sell recommendations. An important question for investment managers is then, how accurate are the forecasts of fundamental...