منابع مشابه
Do German Security Analysts Herd?
In this study, we employ an innovative new methodology suggested by Bernhardt et al. (2006) to examine the herding (or anti-herding) behavior of German analysts in case of earnings forecasts. Our methodology avoids well-known shortcomings often encountered in related studies, such as, e.g., correlated information signals, unexpected common shocks to earnings, systematic optimism or pessimism or...
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When designing systems that are complex, dynamic and stochastic in nature, simulation is generally recognised as one of the best design support technologies, and a valuable aid in the strategic and tactical decision making process. A simulation model consists of a set of rules that define how a system changes over time, given its current state. Unlike analytical models, a simulation model is no...
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Regulators’ interest in analyst recommendations stems from the belief that small investors are unaware of the conflicts sell-side analysts face and may, as a consequence, be misled into making suboptimal investment decisions. We examine who trades on security analyst stock recommendations by extending prior research to focus on investor-specific responses to revisions. We find that both large a...
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We study peer effects among workers in the same occupation across firms in the context of security analysts (i.e., we study whether the productivity of a worker is a function of her peers in other firms). We use microdata concerning analysts as well as an identification strategy that employs one feature of social networks: the existence of partially overlapping peer group. The results show stro...
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There are several standard approaches to risk analysis recommended for use in information security, however, the actual application of risk analysis by security analysts follows an opaque mix of standard risk analysis procedures and adaptations based on an analyst’s understanding of risk. We refer to these approaches as Folk Risk Analysis. To understand folk risk analysis, we present the result...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2004
ISSN: 1556-5068
DOI: 10.2139/ssrn.563314