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Are Stars’ Opinions Worth More? The Relation Between Analyst Reputation and Recommendation Values
16 references·16 citing·41 second hopsampled
Are Stars’ Opinions Worth More? The Relation Between Analyst Reputation and Recommendation Values (2013)Are Stars’ Opinions Worth More? The Relat…Why 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…Can Investors Profit from the Prophets? Security Analyst Recommendations and Stock Returns (2001)Can Investors Profit from the…Security Analysts' Career Concerns and Herding of Earnings Forecasts (2000)Security Analysts' Career Con…Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies (2000)Bad News Travels Slowly: Size…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…Underwriter Reputation, Initial Returns, and the Long‐Run Performance of IPO Stocks (1998)Underwriter Reputation, Initi…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…Do 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…On the Impossibility of Informationally Efficient Markets (1980)On the Impossibility of Infor…Agency Problems and the Theory of the Firm (1980)Agency Problems and the Theor…Does media coverage of firms' environment, social, and governance (ESG) incidents affect analyst coverage and forecasts? A risk perspective (2024)Does media coverage of firms'…Analyst coverage and greenwashing: Evidence from Chinese A-Share listed corporations (2024)Analyst coverage and greenwas…FinTech and Artificial Intelligence in Relationship Banking and Computer Technology (2023)FinTech and Artificial Intell…Information uncertainty, investor sentiment, and analyst reports (2021)Information uncertainty, inve…Red Giants or Black Holes? The Antecedent Conditions and Multilevel Impacts of Star Performers (2020)Red Giants or Black Holes? Th…Investor sentiment, stock returns, and analyst recommendation changes: The KOSPI stock market (2019)Investor sentiment, stock ret…Earning the “Write to Speak”: Sell‐Side Analysts and Their Struggle to Be Heard (2019)Earning the “Write to Speak”:…Optimistic bias of analysts' earnings forecasts: Does investor sentiment matter in China? (2018)Optimistic bias of analysts' …An empirical study on the application of the Evidential Reasoning rule to decision making in financial investment (2018)An empirical study on the app…Informed or speculative trading? Evidence from short selling before star and non-star analysts’ downgrade announcements in an emerging market (2017)Informed or speculative tradi…Star Analysts, Overreaction, and Synchronicity: Evidence from China and the United States (2016)Star Analysts, Overreaction, …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…Can analysts pick stocks for the long-run? (2015)Can analysts pick stocks for …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…The influence of buy-side analysts on mutual fund trading (2014)The influence of buy-side ana…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)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)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)Analyzing the Analysts: When Do Recommendations Add Value? (2004)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)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)The Categorical Imperative: Securities Analysts and the Illegitimacy Discount (1999)Investor Psychology and Asset Pricing (2001)… and the Cross-Section of Expected Returns (2015)The Nature of the Firm (1937)Mergers and the Market for Corporate Control (1965)Separation of Ownership and Control (1983)A Survey of Corporate Governance (1997)Dynamic capabilities and strategic management (1997)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets (1999)All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors (2007)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)Multifactor Explanations of Asset Pricing Anomalies (1996)Capital markets research in accounting (2001)The Cross‐Section of Volatility and Expected Returns (2006)In Search of Attention (2011)Noise Trader Risk in Financial Markets (1990)Efficient Capital Markets: II (1991)Investor Psychology and Security Market Under‐ and Overreactions (1998)
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References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1980Agency Problems and the Theory of the Firm10,540 cited
  • 1980On the Impossibility of Informationally Efficient Markets3,640 cited
  • 1997Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks2,844 cited
  • 2000Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies2,639 cited
  • 1996Do Brokerage Analysts' Recommendations Have Investment Value?1,916 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
  • 1998Underwriter Reputation, Initial Returns, and the Long‐Run Performance of IPO Stocks1,510 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
  • 2000Security Analysts' Career Concerns and Herding of Earnings Forecasts

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1,152 cited
  • 2001Can Investors Profit from the Prophets? Security Analyst Recommendations and Stock Returns1,100 cited
  • Cited by

    • 2021Information uncertainty, investor sentiment, and analyst reports84 cited
    • 2020Red Giants or Black Holes? The Antecedent Conditions and Multilevel Impacts of Star Performers71 cited
    • 2016Do Earnings Estimates Add Value to Sell-Side Analysts’ Investment Recommendations?68 cited
    • 2024Analyst coverage and greenwashing: Evidence from Chinese A-Share listed corporations64 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
    • 2019Investor sentiment, stock returns, and analyst recommendation changes: The KOSPI stock market54 cited
    • 2015Can analysts pick stocks for the long-run?50 cited
    • 2024Does media coverage of firms' environment, social, and governance (ESG) incidents affect analyst coverage and forecasts? A risk perspective46 cited
    • 2018An empirical study on the application of the Evidential Reasoning rule to decision making in financial investment44 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
    • 2017Informed or speculative trading? Evidence from short selling before star and non-star analysts’ downgrade announcements in an emerging market39 cited
    • 2016Star Analysts, Overreaction, and Synchronicity: Evidence from China and the United States31 cited
    • 2014The influence of buy-side analysts on mutual fund trading30 cited
    • 2023FinTech and Artificial Intelligence in Relationship Banking and Computer Technology26 cited