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Gender and beauty in the financial analyst profession : evidence from the United States and China

Li, Congcong - 2020

We examine how gender and beauty affect the likelihood of being voted as an All-Star in the financial analyst … United States and gender discrimination against female analysts in China. This career path evidence from a competitive … financial industry suggests that gender and beauty biases may be rooted deeply in culture and the legal environment and should …

Persistent link: https://www.econbiz.de/10012849939

Financial Advice and Individual Investor Portfolio Performance

Kramer, Marc - 2012

This paper investigates whether financial advisers add value to individual investors' portfolio decisions by comparing portfolios of advised and self-directed (execution-only) Dutch individual investors. The results indicate significant differences in characteristics and portfolios between these...

Persistent link: https://www.econbiz.de/10013113343

Underlying Risk Preferences and Analyst Risk-Taking Behavior

Cleary, Sean - 2020

This study investigates the effect of underlying risk preferences on analysts' work-related decisions. Specifically, we examine whether facial width-to-height ratio (fWHR), an innate personal characteristic that has been linked to financial risk tolerance, affects analysts' stock coverage...

Persistent link: https://www.econbiz.de/10012853033

Investor's stock selection decision : influence of profitability, company size, and RAROC

Sitorus, Tigor; Yuganda, Kendo - In: Copernican Journal of Finance & Accounting : CJF&A 8 (2019) 2, pp. 67-86

Persistent link: https://www.econbiz.de/10012211594

Do analyst stock recommendations piggyback on recent corporate news? : an analysis of regular-hour and after-hours revisions

Li, Edward X.; Ramesh, K.; Shen, Min; Wu, Joanna Shuang - 2015 - Rev.

Analysts often update their recommendations following corporate news. Questions have been raised regarding analysts' ability to generate new information beyond recent corporate events. Employing a comprehensive database on corporate news we show that only a small minority of 27.9% of all...

Persistent link: https://www.econbiz.de/10010483419

The Role of Sell-Side Analysts after Accusations of Managerial Misconduct

Jennings, Jared N. - 2018

Prior research calls into question the general informational role of analysts by documenting inefficiencies, biases, and limitations of sell-side analyst research (e.g., forecasts). Rather than examine the general informational value of analyst research, I examine the value of analyst research...

Persistent link: https://www.econbiz.de/10012940141

Local Predictive Ability of Analyst Recommendations

Karadas, Serkan - 2017

This article shows that aggregate analyst recommendations predict future aggregate excess returns at MSA and state level (i.e. local level). The results hold even after controlling for macroeconomic variables, industry and market returns, as well as investor sentiment. We also show that the...

Persistent link: https://www.econbiz.de/10012943568

Analyst Recommendations and International Stock Market Returns

Berkman, Henk - 2016

This paper shows that analyst recommendations aggregated at the country level predict international stock market returns. A trading strategy based on past country-level recommendations yields an abnormal return of around 0.9 percent per month. Aggregate analyst recommendations also predict...

Persistent link: https://www.econbiz.de/10012986529

The Effects of Investors' Information Acquisition On Sell-Side Analysts Forecast Bias

Astaiza-Gómez, José - 2021

In this research I empirically study the effects of information acquisition by investors or traders on analysts' forecast bias. Based on the theoretical literature on sell-side analysts, I argue that forecast bias is correlated to investors' information gathering, in two opposite directions. On...

Persistent link: https://www.econbiz.de/10013220851

Capital market anomalies and quantitative research

Birru, Justin; Gokkaya, Sinan; Liu, Xi - 2018

Quantitative research analysts (Quants) produce in-depth quantitative and econometric modeling of market anomalies to assist sell-side analysts and institutional clients with stock selection strategies. Quants are associated with more efficient analyst forecasting behavior on anomaly predictors...

Persistent link: https://www.econbiz.de/10011969132