کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
9553321 | 1375301 | 2005 | 22 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Investor learning about analyst predictive ability
دانلود مقاله + سفارش ترجمه
دانلود مقاله ISI انگلیسی
رایگان برای ایرانیان
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
مدیریت، کسب و کار و حسابداری
حسابداری
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: Investor learning about analyst predictive ability Investor learning about analyst predictive ability](/preview/png/9553321.png)
چکیده انگلیسی
Bayesian learning implies decreasing weights on prior beliefs and increasing weights on the accuracy of the analyst's past forecast record, as the number of forecast errors comprising her forecast record (its length) increases. Consistent with this model of investor learning, empirical tests show that investors' reactions to forecast news are increasing in the product of the accuracy and length of analysts' forecast records. Moreover, the Bayesian learning predicted by our model is more descriptive of investor reactions than is a static model which predicts that investors' responses condition only on the prior accuracy of the analyst.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Accounting and Economics - Volume 39, Issue 1, February 2005, Pages 3-24
Journal: Journal of Accounting and Economics - Volume 39, Issue 1, February 2005, Pages 3-24
نویسندگان
Qi Chen, Jennifer Francis, Wei Jiang,