model where limited investor attention drives information supply. Analysts compete for scarce investor attention to maximize … volume for brokerage houses. In equilibrium, analysts cluster in riskier stocks, for which information is most valuable …

This study examines analyst information intermediary roles using a textual analysis of analyst reports and corporate …. In addition, we find that investors place a greater value on new information in analyst reports when managers face … greater incentives to withhold value-relevant information. Analyst interpretation is particularly valuable when the processing …

In this paper, we examine whether sell-side financial analysts show a bias when translating their soft information into … that our observed conservative bias increases when the underlying information signals are of poorer quality, which we … measure by the forecast horizon, linguistic cues in the report, and characteristics of the firms' information environments …

analyst background information from LinkedIn, we find that forecast accuracy is positively associated with team diversity …

analyst background information from LinkedIn, we find that forecast accuracy is positively associated with team diversity …

information collection affects equity analyst performance. Collection of hard information, proxied by office workday length, is … positively associated with the quantity and timeliness of analyst reports. Soft information collection, as proxied by propensity … star analyst. Both hard and soft information collection improve forecast precision, a causal result that we confirm using …

alternative explanations. Further analyses reveal that trustworthy analysts with privileged access to information can … information, hence affect their forecast accuracy …