کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5086621 | 1375259 | 2016 | 50 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
The activities of buy-side analysts and the determinants of their stock recommendations
ترجمه فارسی عنوان
فعالیت های تحلیلگران خرید و عوامل تعیین کننده پیشنهادات سهام آنها
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
مدیریت، کسب و کار و حسابداری
حسابداری
چکیده انگلیسی
We survey 344 buy-side analysts from 181 investment firms and conduct 16 detailed follow-up interviews to gain insights into the activities of buy-side analysts, including the determinants of their compensation, the inputs to their stock recommendations, their beliefs about financial reporting quality, and the role of sell-side analysts in buy-side research. One important finding is that 10-K or 10-Q reports are more useful than quarterly conference calls and management earnings guidance for determining buy-side analysts׳ stock recommendations. Our results also suggest that sell-side analysts add value by providing buy-side analysts with in-depth industry knowledge and access to company management.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Accounting and Economics - Volume 62, Issue 1, August 2016, Pages 139-156
Journal: Journal of Accounting and Economics - Volume 62, Issue 1, August 2016, Pages 139-156
نویسندگان
Lawrence D. Brown, Andrew C. Call, Michael B. Clement, Nathan Y. Sharp,