Sell-side analysts commonly transition to buy-side money managers. I examine whether these career transitions compromise sell-side research, relying on granular information of 6,310 analysts. find that issue recommendations favor their future employers during the year immediately before transition. This favoritism is more pronounced among stocks where a single analyst impactful and present only...

Reducing Third Parties in the Network through Client-Side Intelligence

Conscientious individuals tend to achieve more and have higher well-being. This has led to a view that conscientiousness is always positive for well-being. We hypothesize that conscientiousness could be detrimental to well-being when failure is experienced, such as when individuals become unemployed. In a 4-year longitudinal study of 9570 individuals interviewed yearly we show that the drop in ...