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Analysts' industry expertise
16 references·16 citing·37 second hopsampled
Analysts' industry expertise (2012)Analysts' industry expertiseThe Geography of Equity Analysis (2005)The Geography of Equity Analy…On the Industry Concentration of Actively Managed Equity Mutual Funds (2005)On the Industry Concentration…The Influence of Analysts, Institutional Investors, and Insiders on the Incorporation of Market, Industry, and Firm-Specific Information into Stock Prices (2004)The Influence of Analysts, In…Analyzing the Analysts: When Do Recommendations Add Value? (2004)Analyzing the Analysts: When …What's My Line? A Comparison of Industry Classification Schemes for Capital Market Research (2003)What's My Line? A Comparison …Trading activity and expected stock returns (2001)Trading activity and expected…Can Investors Profit from the Prophets? Security Analyst Recommendations and Stock Returns (2001)Can Investors Profit from the…Expertise in forecasting performance of security analysts (1999)Expertise in forecasting perf…Do Industries Explain Momentum? (1999)Do Industries Explain Momentu…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…Alternative factor specifications, security characteristics, and the cross-section of expected stock returns1We are especially grateful to Eugene Fama (a referee), an anonymous referee and Bill Schwert (the editor) for insightful and constructive suggestions. We also thank Wayne Ferson, Ken French, Will Goetzmann, Craig Holden, Ravi Jagannathan, Bob Jennings, Bruce Lehmann, Josef Lakonishok, Richard Roll, participants at the 1997 Meetings of the Western Finance Association, the 1997 UCLA/USC/UC Irvine conference, the November 1997 Asset Pricing Meeting of the National Bureau of Economic Research, the Atlanta Forum, and seminars at Columbia, Indiana, Florida, New York, Tulane, and Yale Universities; Eugene Fama and Ken French for providing part of the data used in this study; and Christoph Schenzler for excellent programming assistance. The second author acknowledges support from the Dean's Fund for Research and the Financial Markets Research Center at Vanderbilt University. We are responsible for remaining errors. This paper was formerly titled `A Re-Examination of Security Return Anomalies'.1 (1998)Alternative factor specificat…Self-Selection and Analyst Coverage (1997)Self-Selection and Analyst Co…Do Brokerage Analysts' Recommendations Have Investment Value? (1996)Do Brokerage Analysts' Recomm…The Anatomy of the Performance of Buy and Sell Recommendations (1995)The Anatomy of the Performanc…Human Versus Machine: A Comparison of Robo-Analyst and Traditional Research Analyst Investment Recommendations (2022)Human Versus Machine: A Compa…An Empirical Analysis of Analysts' Capital Expenditure Forecasts: Evidence from Corporate Investment Efficiency* (2020)An Empirical Analysis of Anal…The Effects of MiFID II on Sell-Side Analysts, Buy-Side Analysts, and Firms (2019)The Effects of MiFID II on Se…Geographic Lead-Lag Effects (2019)Geographic Lead-Lag EffectsAnalyst Coverage Overlaps and Interfirm Information Spillovers (2019)Analyst Coverage Overlaps and…Life Cycle Models and Forecasting Growth and Profitability (2018)Life Cycle Models and Forecas…Investment banking relationships and analyst affiliation bias: The impact of the global settlement on sanctioned and non-sanctioned banks (2017)Investment banking relationsh…How are analysts’ forecasts affected by high uncertainty? (2017)How are analysts’ forecasts a…Are all analysts created equal? Industry expertise and monitoring effectiveness of financial analysts (2017)Are all analysts created equa…Information Transfer and Conference Calls (2016)Information Transfer and Conf…Stock return predictability and determinants of predictability and profits (2015)Stock return predictability a…Are Indian stock returns predictable? (2015)Are Indian stock returns pred…Analysts, Macroeconomic News, and the Benefit of Active In-House Economists (2015)Analysts, Macroeconomic News,…Inter-industry network structure and the cross-predictability of earnings and stock returns (2014)Inter-industry network struct…Analysts’ choice of peer companies (2014)Analysts’ choice of peer comp…Analyst Initiations of Coverage and Stock Return Synchronicity (2012)Analyst Initiations of Covera…Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Breadth of ownership and stock returns (2002)Market liquidity as a sentiment indicator (2004)Short sales, institutional investors and the cross-section of stock returns (2005)On Persistence in Mutual Fund Performance (1997)Price Momentum and Trading Volume (2000)Economic Links and Predictable Returns (2008)Time Series Momentum (2011)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Analyst Forecast Revisions and Market Price Discovery (2003)The Disposition Effect and Underreaction to News (2006)Sell Side School Ties (2008)The Long‐Run Performance of initial Public Offerings (1991)Timid Choices and Bold Forecasts: A Cognitive Perspective on Risk Taking (1993)Earnings Management and the Long‐Run Market Performance of Initial Public Offerings (1998)Herd Behavior in Financial Markets (2000)Stock price reaction to news and no-news: drift and reversal after headlines (2003)Does the Stock Market Overreact? (1985)The Categorical Imperative: Securities Analysts and the Illegitimacy Discount (1999)Investor Psychology and Asset Pricing (2001)… and the Cross-Section of Expected Returns (2015)Industry costs of equity (1997)The Influence of Institutional Investors on Myopic R&D Investment Behavior (1998)The information content of stock markets: why do emerging markets have synchronous stock price movements? (2000)Stock price synchronicity and analyst coverage in emerging markets (2005)Does board gender diversity improve the informativeness of stock prices? (2011)Stock price synchronicity, crash risk, and institutional investors (2013)Capital markets research in accounting (2001)Inside the 'Black Box' of Sell-Side Financial Analysts (2013)Corporate Governance and Firm Value: The Impact of Corporate Social Responsibility (2011)Unobserved Actions of Mutual Funds (2006)Dumb money: Mutual fund flows and the cross-section of stock returns (2008)Information Immobility and the Home Bias Puzzle (2009)Herding among security analysts (2000)Information content of equity analyst reports (2004)
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References

  • 1996Do Brokerage Analysts' Recommendations Have Investment Value?1,916 cited
  • 1999Do Industries Explain Momentum?1,770 cited
  • 1999Conflict of Interest and the Credibility of Underwriter Analyst Recommendations1,549 cited
  • 1999Analyst forecast accuracy: Do ability, resources, and portfolio complexity matter?1,428 cited
  • 2004The Influence of Analysts, Institutional Investors, and Insiders on the Incorporation of Market, Industry, and Firm-Specific Information into Stock Prices1,250 cited
  • 1998Underwriting relationships, analysts' earnings forecasts and investment recommendations1,248 cited
  • 1998Alternative factor specifications, security characteristics, and the cross-section of expected stock returns1We are especially grateful to Eugene Fama (a referee), an anonymous referee and Bill Schwert (the editor) for insightful and constructive suggestions. We also thank Wayne Ferson, Ken French, Will Goetzmann, Craig Holden, Ravi Jagannathan, Bob Jennings, Bruce Lehmann, Josef Lakonishok, Richard Roll, participants at the 1997 Meetings of the Western Finance Association, the 1997 UCLA/USC/UC Irvine conference, the November 1997 Asset Pricing Meeting of the National Bureau of Economic Research, the Atlanta Forum, and seminars at Columbia, Indiana, Florida, New York, Tulane, and Yale Universities; Eugene Fama and Ken French for providing part of the data used in this study; and Christoph Schenzler for excellent programming assistance. The second author acknowledges support from the Dean's Fund for Research and the Financial Markets Research Center at Vanderbilt University. We are responsible for remaining errors. This paper was formerly titled `A Re-Examination of Security Return Anomalies'.11,197 cited
  • 2001Can Investors Profit from the Prophets? Security Analyst Recommendations and Stock Returns1,100 cited
  • 2005On the Industry Concentration of Actively Managed Equity Mutual Funds1,090 cited

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

  • 2004Analyzing the Analysts: When Do Recommendations Add Value?982 cited
  • 1997Self-Selection and Analyst Coverage968 cited
  • 2005The Geography of Equity Analysis913 cited
  • 2001Trading activity and expected stock returns909 cited
  • 1995The Anatomy of the Performance of Buy and Sell Recommendations726 cited
  • 1999Expertise in forecasting performance of security analysts726 cited
  • 2003What's My Line? A Comparison of Industry Classification Schemes for Capital Market Research645 cited
  • Cited by

    • 2012Analyst Initiations of Coverage and Stock Return Synchronicity251 cited
    • 2019Geographic Lead-Lag Effects179 cited
    • 2017Are all analysts created equal? Industry expertise and monitoring effectiveness of financial analysts178 cited
    • 2015Stock return predictability and determinants of predictability and profits175 cited
    • 2015Are Indian stock returns predictable?141 cited
    • 2014Inter-industry network structure and the cross-predictability of earnings and stock returns112 cited
    • 2020An Empirical Analysis of Analysts' Capital Expenditure Forecasts: Evidence from Corporate Investment Efficiency*109 cited
    • 2017How are analysts’ forecasts affected by high uncertainty?106 cited
    • 2019Analyst Coverage Overlaps and Interfirm Information Spillovers102 cited
    • 2014Analysts’ choice of peer companies101 cited
    • 2017Investment banking relationships and analyst affiliation bias: The impact of the global settlement on sanctioned and non-sanctioned banks96 cited
    • 2015Analysts, Macroeconomic News, and the Benefit of Active In-House Economists94 cited
    • 2016Information Transfer and Conference Calls93 cited
    • 2018Life Cycle Models and Forecasting Growth and Profitability90 cited
    • 2019The Effects of MiFID II on Sell-Side Analysts, Buy-Side Analysts, and Firms88 cited
    • 2022Human Versus Machine: A Comparison of Robo-Analyst and Traditional Research Analyst Investment Recommendations88 cited