Information interpretation or information discovery: which role of analysts do investors value more?

By Joshua Livnat, Yuan Zhang. Review of accounting studies, 2012

128 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/7c0de598fb30a5defb0847b365dabb8107228525

Citations in the corpus

• Political contributions and analyst behavior (2015, unknown): “If market participants appreciate the higher quality of research produced by these analysts, their revisions should result in a stronger market reaction (e.g., Park and Stice 2000; Livnat and Zhang 2012).”
• Analyst Information Discovery and Interpretation Roles: A Topic Modeling Approach (2018, unknown): “4 Our study also provides important evidence that counters the view in Altinkilic and Hansen (2009), Altinkilic, Balashov, and Hansen (2010) and Loh and Stulz (2011) that analyst simply “piggyback” on information on recent news events when issuing earnings forecasts and stock recommendations.”