SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
Are the Wall Street Analyst Rankings Popularity Contests?
16 references·16 citing·39 second hopsampled
Are the Wall Street Analyst Rankings Popularity Contests? (2009)Are the Wall Street Analyst Rankings Popu…The Economics of Superstars (2009)The Economics of SuperstarsWhy Has IPO Underpricing Changed Over Time (2004)Why Has IPO Underpricing Chan…Analyzing the Analysts: Career Concerns and Biased Earnings Forecasts (2003)Analyzing the Analysts: Caree…Capital markets research in accounting (2001)Capital markets research in a…Security Analysts' Career Concerns and Herding of Earnings Forecasts (2000)Security Analysts' Career Con…Conflict of Interest and the Credibility of Underwriter Analyst Recommendations (1999)Conflict of Interest and the …Analyst forecast accuracy: Do ability, resources, and portfolio complexity matter? (1999)Analyst forecast accuracy: Do…Underwriting relationships, analysts' earnings forecasts and investment recommendations (1998)Underwriting relationships, a…On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks (1997)Measuring Mutual Fund Perform…The Winner-Take-All Society (1996)The Winner-Take-All SocietyDo Brokerage Analysts' Recommendations Have Investment Value? (1996)Do Brokerage Analysts' Recomm…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…Reputation Acquisition in Debt Markets (1989)Reputation Acquisition in Deb…Herd Behavior and Investment (1988)Herd Behavior and InvestmentRisk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Face Value: Trait Impressions, Performance Characteristics, and Market Outcomes for Financial Analysts (2022)Face Value: Trait Impressions…When Do Associate Analysts Matter? (2021)When Do Associate Analysts Ma…The impact of corporate tax avoidance on analyst coverage and forecasts (2019)The impact of corporate tax a…Regulations and Brain Drain: Evidence from Wall Street Star Analysts’ Career Choices (2019)Regulations and Brain Drain: …Earning the “Write to Speak”: Sell‐Side Analysts and Their Struggle to Be Heard (2019)Earning the “Write to Speak”:…Cater to Thy Client: Analyst Responsiveness to Institutional Investor Attention (2019)Cater to Thy Client: Analyst …Starstruck: How Hiring High-Status Employees Affects Incumbents’ Performance (2018)Starstruck: How Hiring High-S…Optimistic bias of analysts' earnings forecasts: Does investor sentiment matter in China? (2018)Optimistic bias of analysts' …Information content of analyst recommendations in the banking industry (2016)Information content of analys…Do Earnings Estimates Add Value to Sell-Side Analysts’ Investment Recommendations? (2016)Do Earnings Estimates Add Val…STAR‐ANALYSTS' FORECAST ACCURACY AND THE ROLE OF CORPORATE GOVERNANCE (2015)STAR‐ANALYSTS' FORECAST ACCUR…Who’s heard on the Street? Determinants and consequences of financial analyst coverage in the business press (2014)Who’s heard on the Street? De…Sell-Side Analysts and Gender: A Comparison of Performance, Behavior, and Career Outcomes (2013)Sell-Side Analysts and Gender…Are Stars’ Opinions Worth More? The Relation Between Analyst Reputation and Recommendation Values (2013)Are Stars’ Opinions Worth Mor…Forecast accuracy and stock recommendations (2010)Forecast accuracy and stock r…The Profitability of Analysts’ Stock Recommendations: What Role Does Investor Sentiment Play?* (2009)The Profitability of Analysts…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 Limits of Arbitrage (1995)The Categorical Imperative: Securities Analysts and the Illegitimacy Discount (1999)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Cross-Section of Expected Stock Returns (1992)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Problems and the Theory of the Firm (1980)Credit Rationing in Markets with Imperfect Information (1981)The importance of relationships to the availability of credit (1998)Herding among Investment Newsletters: Theory and Evidence (1999)The Digitization of Word of Mouth: Promise and Challenges of Online Feedback Mechanisms (2003)Does the Stock Market Overreact? (1985)Investor Psychology and Asset Pricing (2001)… and the Cross-Section of Expected Returns (2015)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)An Economic Theory of Clubs (1965)Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition (1974)Schooling, Experience, and Earnings (1974)Experimental Study of Inequality and Unpredictability in an Artificial Cultural Market (2006)Top Incomes in the Long Run of History (2011)The "Hot Issue" Market of 1980 (1984)Initial Public Offerings and Underwriter Reputation (1990)A Review of IPO Activity, Pricing, and Allocations (2002)Which Shorts Are Informed? (2007)Religious beliefs, gambling attitudes, and financial market outcomes (2011)Corruption culture and corporate misconduct (2016)Judgment under Uncertainty: Heuristics and Biases (1974)Econometrics of Event Studies**We thank Espen Eckbo, Jon Lewellen, Adam Kolasinski, and Jay Ritter for insightful comments, and Irfan Safdar and Alan Wancier for research assistance. (2007)Driven to Distraction: Extraneous Events and Underreaction to Earnings News (2009)Investor Inattention and Friday Earnings Announcements (2009)Multifactor Explanations of Asset Pricing Anomalies (1996)The Cross‐Section of Volatility and Expected Returns (2006)In Search of Attention (2011)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1997Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks2,844 cited
  • 1988Herd Behavior and Investment2,815 cited
  • 2001Capital markets research in accounting2,575 cited
  • 1996Do Brokerage Analysts' Recommendations Have Investment Value?1,916 cited
  • 2009The Economics of Superstars1,684 cited
  • 2004Why Has IPO Underpricing Changed Over Time1,630 cited
  • 1989Reputation Acquisition in Debt Markets1,627 cited
  • 1999Conflict of Interest and the Credibility of Underwriter Analyst Recommendations1,549 cited
  • 2003Analyzing the Analysts: Career Concerns and Biased Earnings Forecasts1,471 cited
  • 1999Analyst forecast accuracy: Do ability, resources, and portfolio complexity matter?1,428 cited
  • 1998Underwriting relationships, analysts' earnings forecasts and investment recommendations1,248 cited
  • 1996The Winner-Take-All Society1,165 cited
  • 2000

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

Security Analysts' Career Concerns and Herding of Earnings Forecasts
1,152 cited

Cited by

  • 2013Are Stars’ Opinions Worth More? The Relation Between Analyst Reputation and Recommendation Values131 cited
  • 2022Face Value: Trait Impressions, Performance Characteristics, and Market Outcomes for Financial Analysts81 cited
  • 2016Do Earnings Estimates Add Value to Sell-Side Analysts’ Investment Recommendations?68 cited
  • 2019Cater to Thy Client: Analyst Responsiveness to Institutional Investor Attention67 cited
  • 2018Starstruck: How Hiring High-Status Employees Affects Incumbents’ Performance65 cited
  • 2019The impact of corporate tax avoidance on analyst coverage and forecasts59 cited
  • 2010Forecast accuracy and stock recommendations58 cited
  • 2014Who’s heard on the Street? Determinants and consequences of financial analyst coverage in the business press58 cited
  • 2018Optimistic bias of analysts' earnings forecasts: Does investor sentiment matter in China?56 cited
  • 2015STAR‐ANALYSTS' FORECAST ACCURACY AND THE ROLE OF CORPORATE GOVERNANCE42 cited
  • 2019Earning the “Write to Speak”: Sell‐Side Analysts and Their Struggle to Be Heard42 cited
  • 2009The Profitability of Analysts’ Stock Recommendations: What Role Does Investor Sentiment Play?*36 cited
  • 2019Regulations and Brain Drain: Evidence from Wall Street Star Analysts’ Career Choices34 cited
  • 2013Sell-Side Analysts and Gender: A Comparison of Performance, Behavior, and Career Outcomes31 cited
  • 2016Information content of analyst recommendations in the banking industry28 cited
  • 2021When Do Associate Analysts Matter?28 cited