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| Tekijä: | Jacob, J. Lys, T. Z. Neale, M. A. |
| Otsikko: | Expertise in forecasting performance of security analysts |
| Lehti: | Journal of Accounting & Economics
1999 : NOV, VOL. 28:1, p. 51-82 |
| Asiasana: | Investments Stock markets Securities Capital markets Earnings Forecasting USA |
| Kieli: | eng |
| Tiivistelmä: | 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. |
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