The Financial Analyst Forecasting Literature: A Taxonomy with Suggestions for Further Research

By Sundaresh Ramnath, S. Rock, Philip B. Shane. 2008

685 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/55cd57ea755ee30b0ab7b8f66770119d0d785cd6

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Citations in the corpus

Who Uses Financial Reports and for What Purpose? Evidence from Capital Providers (2014, neutral): “Brown (1993), Ramnath et al. (2008) and Bradshaw (2011) provide comprehensive reviews of the sell-side analysts’ literature.”
Trading Volume Around Earnings Announcements and Other Financial Reports: Theory, Research Design, Empirical Evidence, and Directions for Future Research (2010, positive): “Analysts have unique economic incentives and training (Schipper 1991), so their 36 Schipper (1991), Brown (1993; 1996), and Ramnath, Rock, and Shane (2008) review the voluminous analyst forecast literature. forecasts likely reflect the expectations of sophisticated investors who have better…”
Fair value accounting: information or confusion for financial markets? (2014, result): “In this vein, our results indicate that in periods of high uncertainty, analysts mimic each other (‘‘herd’’), thus reducing dispersion (Ramnath et al. 2008).”
Do Markets Punish or Reward Corporate Social Responsibility Decoupling? (2020, methodology): “Based on the taxonomy of Ramnath et al. (2008), Hinze and Sump (2019) differentiated among four outcomes of analysts’ research: analyst coverage, forecast accuracy, investment recommendations, and analysts’ perceptions of a firm’s CSR.”
Offsetting Illegitimacy? How Pressures from Securities Analysts Influence Incumbents in the Face of New Technologies (2012, background): “7 Ramnath, Rock and Shane, 2008 ). While this research has considered the influence of analysts on”
Do Analysts Understand the Economic and Reporting Complexities of Derivatives (2016, neutral): “The properties of analysts’ earnings forecasts are influenced by factors such as analysts’ ability to obtain and process information, opportunities to signal talent, and economic incentives (Ramnath et al. 2008).”
Analyst Information Discovery and Interpretation Roles: A Topic Modeling Approach (2018, neutral): “To advance the literature, several review papers (Ramnath et al. 2008; Beyer et al. 2010; and Bradshaw 2011) call for additional research to better understand the sources of analyst value.”
Do sell-side analysts exhibit differential target price forecasting ability? (2012, neutral): “See Ramnath et al. (2008) for a recent literature review examining analysts’ earnings forecasts and stock recommendations. motivated by the idea that a target price forecast implies that the actual price will be at or above the target price by the end of the forecast horizon, but it is limited…”
Information interpretation or information discovery: which role of analysts do investors value more? (2012, positive): “…after public information releases comes at the cost of lower forecast accuracy, analysts may strategically manage these costs and benefits by releasing a forecast quickly in response to new information (Ramnath et al. 2008) and following up with a more thoroughly analyzed revision subsequently.”
Are analysts’ earnings forecasts more accurate when accompanied by cash flow forecasts? (2009, background): “3 See Schipper (1991), Brown (1993) and Ramnath et al. (2008) for literature reviews on research related to analyst’ forecasts and stock recommendations.”