This paper presents the design, implementation, and application of ParaProf, a portable, extensible, and scalable tool for parallel performance profile analysis. ParaProf attempts to offer “best of breed” capabilities to performance analysts – those inherited from a rich history of single processor profilers and those being pioneered in parallel tools research. We present ParaProf as a parallel...

Purpose The purpose of the study is to examine whether analyst coverage responds changes in investor information demand for a firm and test certain or characteristics moderate this association. Design/methodology/approach authors model activeness (AA) as function institutional investors' demand, proxied by news readership on Bloomberg terminals retail Google Search Volume Index (GSVI). Addition...

Why do large positive earnings surprises occur? The literature often treats large earnings surprises as the exogenous event that precipitates subsequent stock price drift, but analyst expectations and earnings realizations are the result of conscious decisions made by analysts and managers. While neither analysts nor managers have an obvious incentive for an extreme deviation between expected a...

The empirical performance of macroeconomic exchange rate models is more than disappointing. This dismal result is also reflected in the forecasting capabilities of professional analysts: all in all, analysts are not in a position to beat naïve random walk forecasts. The root for this deficient outcome stems from the fact that professional forecasts are to a large extend influenced by actual cha...