Analyst Optimism and Buy-Side Institutions: Evidence from Analyst Transition from Sell-Side to Buy-Side

A comparison of buy-side and sell-side analysts

IPOs with Buy-Side and Sell-Side Information Production: The Dark Side of Open Sales∗

The proposed model, by incorporating both 1) banker screening of new issues and 2) costly evaluation by investors, is the first to admit endogenous double-sided information production. It demonstrates a nontrivial link between these two sides: the banker wishes to structure a sale conducive to investor research because selling to an uninformed pool would result in his own shirking. One applicat...

Integrated planning in supply chains with buy-side and sell-side marketplaces

In this paper we develop a quadratic programming model for partner selection and planning in integrated supply chain networks embedded with both sell-side and buy-side electronic marketplaces. Such a scenario arises in several practical applications. In particular, we consider a contract manufacturer who procures components from suppliers through a component marketplace and sells its manufactur...

Buy-side Directors and Risk Management in M&A

Risk and value creation are closely related concepts. M&A may provide companies with an opportunity to grow, capture synergies, or accomplish other strategic objectives that can create value, but most transactions fail to accomplish their stated objectives. While the reasons behind the success or failure of a particular transaction depend on the circumstances, risks like incorrect valuation, ad...

The Stock Selection and Performance of Buy-Side Analysts

We examine the selection and performance of stocks recommended by analysts at a large investment firm relative to those of sell-side analysts during the period mid-1997 and 2004. The buy-side firm’s analysts issued less optimistic recommendations for stocks with larger market capitalizations and lower return volatility than their sell-side peers, consistent with their facing fewer conflicts of ...