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Understanding analysts' use of stock returns and other analysts' revisions when forecasting earnings
16 references·16 citing·36 second hopsampled
Understanding analysts' use of stock returns and other analysts' revisions when forecasting earnings (2010)Understanding analysts' use of stock retu…Integración de los mercados financieros Latinoamericanos por medio de MILA (2020)Integración de los mercados f…Investor Sentiment and the Cross‐Section of Stock Returns (2006)Investor Sentiment and the Cr…Financial Analyst Characteristics and Herding Behavior in Forecasting (2005)Financial Analyst Characteris…The wisdom of crowds: why the many are smarter than the few and how collective wisdom shapes business, economies, societies and nations (2004)The wisdom of crowds: why the…Herd Behaviour and Cascading in Capital Markets: a Review and Synthesis (2003)Herd Behaviour and Cascading …Herding among security analysts (2000)Herding among security analys…Analyst forecast accuracy: Do ability, resources, and portfolio complexity matter? (1999)Analyst forecast accuracy: Do…The Limits of Arbitrage (1995)The Limits of ArbitrageAnalyst Forecasts and Herding Behavior: (1994)Analyst Forecasts and Herding…The weighing of evidence and the determinants of confidence (1992)The weighing of evidence and …Tests of Analysts' Overreaction/Underreaction to Earnings Information as an Explanation for Anomalous Stock Price Behavior (1992)Tests of Analysts' Overreacti…Reputation and Performance Among Security Analysts (1992)Reputation and Performance Am…Noise Trader Risk in Financial Markets (1990)Noise Trader Risk in Financia…Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium? (1989)Post-Earnings-Announcement Dr…Herd Behavior and Investment (1988)Herd Behavior and InvestmentConservatism in human information processing (1982)Conservatism in human informa…Investor sentiment and stock price crash risk: The mediating role of analyst herding (2024)Investor sentiment and stock …Cross-industry information sharing among colleagues and analyst research (2022)Cross-industry information sh…Social learning and analyst behavior (2021)Social learning and analyst b…Tick Size Tolls: Can a Trading Slowdown Improve Earnings News Discovery? (2020)Tick Size Tolls: Can a Tradin…Macroeconomic Uncertainty and Quantitative versus Qualitative Inputs to Analyst Risk Forecasts (2020)Macroeconomic Uncertainty and…Investor Sentiment, Misstatements, and Auditor Behavior* (2020)Investor Sentiment, Misstatem…Analysts’ annual earnings forecasts and changes to the I/B/E/S database (2020)Analysts’ annual earnings for…Analyst Forecast Bundling (2020)Analyst Forecast BundlingThe impact of corporate tax avoidance on analyst coverage and forecasts (2019)The impact of corporate tax a…Market sentiment and herding in analysts’ stock recommendations (2019)Market sentiment and herding …An analyst by any other surname: Surname favorability and market reaction to analyst forecasts (2019)An analyst by any other surna…The 52-week high, momentum, and investor sentiment (2018)The 52-week high, momentum, a…Dissecting stock price momentum using financial statement analysis (2018)Dissecting stock price moment…Investor sentiment and management earnings forecast bias (2017)Investor sentiment and manage…Who Herds? Who Doesn't? Estimates of Analysts’ Herding Propensity in Forecasting Earnings (2016)Who Herds? Who Doesn't? Estim…Does managerial sentiment affect accrual estimates? Evidence from the banking industry (2016)Does managerial sentiment aff…The General Theory of Employment (1937)Network externalities, competition, and compatibility (1985)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The impact of institutional trading on stock prices (1992)The Categorical Imperative: Securities Analysts and the Illegitimacy Discount (1999)The General Theory of Employment, Interest and Money. (1936)The Behavior of Stock-Market Prices (1965)Continuous Auctions and Insider Trading (1985)A model of investor sentiment /CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Cross-Section of Expected Stock Returns (1992)Market Liquidity and Funding Liquidity (2008)Prospect Theory: An Analysis of Decision under Risk (1979)The theory of planned behavior (1991)A power primer. (1992)Confirmation Bias: A Ubiquitous Phenomenon in Many Guises (1998)A perspective on judgment and choice: Mapping bounded rationality. (2003)Risk, Return, and Equilibrium: Empirical Tests (1973)Common risk factors in the returns on stocks and bonds (1993)Illiquidity and stock returns: cross-section and time-series effects (2002)Giving Content to Investor Sentiment: The Role of Media in the Stock Market (2007)Investor Psychology and Security Market Under‐ and Overreactions (1998)In Search of Attention (2011)The short of it: Investor sentiment and anomalies (2011)Policy Uncertainty and Corporate Investment (2015)Benefits, Adoption Barriers and Myths of Open Data and Open Government (2012)Algorithm appreciation: People prefer algorithmic to human judgment (2019)Delphi Technique in Health Sciences: A Map (2020)Investor Psychology and Asset Pricing (2001)More Than Words: Quantifying Language to Measure Firms' Fundamentals (2008)Does the stock market fully value intangibles? Employee satisfaction and equity prices (2011)Capital markets research in accounting (2001)The Influence of Analysts, Institutional Investors, and Insiders on the Incorporation of Market, Industry, and Firm-Specific Information into Stock Prices (2004)Inside the 'Black Box' of Sell-Side Financial Analysts (2013)The Intuitive Psychologist And His Shortcomings: Distortions in the Attribution Process (1977)A model of investor sentiment1We are grateful to the NSF for financial support, and to Oliver Blanchard, Alon Brav, John Campbell (a referee), John Cochrane, Edward Glaeser, J.B. Heaton, Danny Kahneman, David Laibson, Owen Lamont, Drazen Prelec, Jay Ritter (a referee), Ken Singleton, Dick Thaler, an anonymous referee, and the editor, Bill Schwert, for comments.1 (1998)
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References

  • 1990Noise Trader Risk in Financial Markets6,259 cited
  • 2006Investor Sentiment and the Cross‐Section of Stock Returns6,042 cited
  • 1995The Limits of Arbitrage5,282 cited
  • 2020Integración de los mercados financieros Latinoamericanos por medio de MILA3,764 cited
  • 2004The wisdom of crowds: why the many are smarter than the few and how collective wisdom shapes business, economies, societies and nations2,925 cited
  • 1988Herd Behavior and Investment2,815 cited
  • 1989Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium?2,314 cited
  • 1992The weighing of evidence and the determinants of confidence1,842 cited
  • 1999Analyst forecast accuracy: Do ability, resources, and portfolio complexity matter?1,428 cited
  • 1982Conservatism in human information processing1,004 cited
  • 1992Tests of Analysts' Overreaction/Underreaction to Earnings Information as an Explanation for Anomalous Stock Price Behavior1,003 cited
  • 1992Reputation and Performance Among Security Analysts980 cited
  • 1994Analyst Forecasts and Herding Behavior:943 cited
  • 2005Financial Analyst Characteristics and Herding Behavior in Forecasting909 cited
  • 2003Herd Behaviour and Cascading in Capital Markets: a Review and Synthesis

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888 cited
  • 2000Herding among security analysts832 cited
  • Cited by

    • 2020Tick Size Tolls: Can a Trading Slowdown Improve Earnings News Discovery?98 cited
    • 2016Does managerial sentiment affect accrual estimates? Evidence from the banking industry80 cited
    • 2021Social learning and analyst behavior62 cited
    • 2019An analyst by any other surname: Surname favorability and market reaction to analyst forecasts60 cited
    • 2019The impact of corporate tax avoidance on analyst coverage and forecasts59 cited
    • 2022Cross-industry information sharing among colleagues and analyst research51 cited
    • 2020Analysts’ annual earnings forecasts and changes to the I/B/E/S database48 cited
    • 2018The 52-week high, momentum, and investor sentiment43 cited
    • 2017Investor sentiment and management earnings forecast bias42 cited
    • 2020Investor Sentiment, Misstatements, and Auditor Behavior*38 cited
    • 2016Who Herds? Who Doesn't? Estimates of Analysts’ Herding Propensity in Forecasting Earnings35 cited
    • 2020Analyst Forecast Bundling33 cited
    • 2020Macroeconomic Uncertainty and Quantitative versus Qualitative Inputs to Analyst Risk Forecasts28 cited
    • 2024Investor sentiment and stock price crash risk: The mediating role of analyst herding27 cited
    • 2018Dissecting stock price momentum using financial statement analysis25 cited
    • 2019Market sentiment and herding in analysts’ stock recommendations24 cited