La 4ème de couverture indique : "Il faut savoir mesurer les risques financiers afin d'en évaluer les conséquences. Telle est l'ossature commune des textes rassemblés dans cet ouvrage.. Ce dernier rassemble des travaux de recherche présentés lors de différents évènements organisés par...

We endeavour to understand how the analysts' consensus can constraint the forecasts of a given analyst. Analysts are interested in generating trading volume, and do not necessarily release their most precise forecast. We show that forecast release depend upon consensus dispersion and upon the...

This paper questions the role of analyst recommendation in investor decision. To do so, we propose a model in which the investor weights his own signal and the analyst recommendation to make his trading decision: buy, sell, or non-participation. The analyst is interested in the volume of...