| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5086781 | Journal of Accounting and Economics | 2012 | 26 Pages |
Abstract
⺠We study analysts' ranking of industries relative to each other (across-industry expertise). ⺠We also study how across-industry expertise relates to analysts' within-industry expertise. ⺠We show that analysts possess across-industry expertise. ⺠Further, information in industry recommendations is orthogonal to that in firm recommendations. ⺠The investment value of firm recommendations increases when both types of expertise are utilized.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Accounting
Authors
Ohad Kadan, Leonardo Madureira, Rong Wang, Tzachi Zach,