| Author: | Hong, H. Kubik, J.D. |
| Title: | Analyzing the analysts: career concerns and biased earnings forecasts |
| Journal: | Journal of Finance
2003 : FEB, VOL. 58:1, p. 313-351 |
| Index terms: | Careers Earnings Forecasting |
| Freeterms: | Analysts |
| Language: | eng |
| Abstract: | Security analysts' career concerns are examined by relating their earnings forecasts to job separations. Relatively accurate forecasters are more likely to experience favorable career outcomes like moving up to a higher-status brokerage house. Controlling for accuracy, analysts who are optimistic relative to the consensus are also more likely to experience favorable job separations. |
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