Analysts' Weighting of Private and Public Information

By Qi Chen, Wei Jiang. 2006

292 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/fe0070c7d63e817e42e3fd56ae616605c50658d1

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Xuguang Simon Sheng
2. Eric C. So
3. K. Lahiri

In Finance

1. Xuguang Simon Sheng
2. Eric C. So

Citations in the corpus

• A New Approach to Predicting Analyst Forecast Errors: Do Investors Overweight Analyst Forecasts? (2013, methodology): “The following framework is adapted from the model of Chen and Jiang (2006), who provide evidence that analysts overweight private signals relative to public signals when issuing earnings forecasts. Unlike Chen and Jiang (2006), who model how analysts weight information, I examine the role of earning”
• The Financial Analyst Forecasting Literature: A Taxonomy with Suggestions for Further Research (2008, unknown): “Chen and Jiang (2006) Archival, Zacks, 1985-2001.”
• Evolution of Forecast Disagreement in a Bayesian Learning Model (2008, background): “Interestingly, Chen and Jiang (2006) derived another form of test for forecast efficiency by combining the equations (23) and (24).”
• Buy-Side Analysts, Sell-Side Analysts, and Investment Decisions of Money Managers (2006, unknown): “More recently, Morgan and Stocken (2003) examine the informativeness of SSAs’ recommendations, while Chen and Jiang (2006) show that an SSA’s optimal decision is based on the optimal weighting of information from different sources.”
• Political contributions and analyst behavior (2015, unknown): “4 Prior studies show various forecast biases such as nonstrategic excess optimism (Malmendier and Shanthikumar 2014), overweighting of private information (Chen and Jiang 2006), overreaction to favorable information (Easterwood and Nutt 1999), and analysts’ credulity (Teoh and Wong 2002).”
• Do Analysts Herd? An Analysis of Recommendations and Market Reactions (2010, unknown): “(2006), and Chen and Jiang (2006) investigate herding behavior using methodologies that”