search query: @author Neale, M. A. / total: 10
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Author:Jacob, J.
Lys, T. Z.
Neale, M. A.
Title:Expertise in forecasting performance of security analysts
Journal:Journal of Accounting & Economics
1999 : NOV, VOL. 28:1, p. 51-82
Index terms:Investments
Stock markets
Securities
Capital markets
Earnings
Forecasting
USA
Language:eng
Abstract:In this study of sell-side analysts' forecasts, the effects of analyst aptitude, learning-by-doing, and the internal environment of the brokerage house on forecast accuracy are explored. Results indicate that analysts' aptitude and brokerage house characteristics are associated with forecast accuracy, while learning-by-doing is only associated with forecast accuracy when analysts' company-specific aptitude in forecasting is not controlled for.
SCIMA record nr: 202807
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