Measure for Measure: The Relation between Forecast Accuracy and Recommendation Profitability of Analysts

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Citations in the corpus

Do Analysts Practice What They Preach and Should Investors Listen? Effects of Recent Regulations (2009, unknown): “Rather than maximizing gains to investors, analysts may be serving personal objectives, such as increasing their compensation, improving relations with management, garnering investment banking business for the brokerage firm, ‘‘hyping’’ the stock to garner brokerage trading volumes, and increasing t”
Corporate Social Performance, Analyst Stock Recommendations, and Firm Future Returns (2015, unknown): “Following prior accounting studies (Ertimur, Sunder, and Sunder, 2007: 583), we measure analyst expertise as the firm-specific experience of the financial analysts working at the brokerage firm (Chen and Matsumoto, 2006).3 The data for institutional ownership are obtained from the Thompson…”
Do sell-side analysts exhibit differential target price forecasting ability? (2012, unknown): “…price forecasts than to both earnings forecasts and recommendations implies the market attributes credibility and information content to target price forecasts.8 Finally, Loh and Mian (2006) and Ertimur et al. (2007) show superior earnings forecasters make more profitable stock recommendations.”