IDEAS home Printed from
   My bibliography  Save this item

Do Analysts Herd? An Analysis of Recommendations and Market Reactions


Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

Cited by:

  1. Bert de Bruijn & Philip Hans Franses, 2015. "How Informative are the Unpredictable Components of Earnings Forecasts?," Tinbergen Institute Discussion Papers 15-032/III, Tinbergen Institute.
  2. Jiang, George J. & Lu, Liangliang & Zhu, Dongming, 2014. "The information content of analyst recommendation revisions — Evidence from the Chinese stock market," Pacific-Basin Finance Journal, Elsevier, vol. 29(C), pages 1-17.
  3. Kapetanios, George & Mitchell, James & Shin, Yongcheol, 2014. "A nonlinear panel data model of cross-sectional dependence," Journal of Econometrics, Elsevier, vol. 179(2), pages 134-157.
  4. Bert de Bruijn & Philip Hans Franses, 2013. "Forecasting Earnings Forecasts," Tinbergen Institute Discussion Papers 13-121/III, Tinbergen Institute.
  5. Marinelli, Carlo & Weissensteiner, Alex, 2014. "On the relation between forecast precision and trading profitability of financial analysts," Journal of Financial Markets, Elsevier, vol. 20(C), pages 39-60.
  6. repec:spr:reaccs:v:24:y:2019:i:1:d:10.1007_s11142-019-9485-3 is not listed on IDEAS
  7. Itzhak Venezia & Amrut Nashikkar & Zur Shapira, 2011. "Firm specific and macro herding by professional and amateur investors and their effects on market volatility," Discussion Paper Series dp586, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
  8. Venezia, Itzhak & Nashikkar, Amrut & Shapira, Zur, 2011. "Firm specific and macro herding by professional and amateur investors and their effects on market volatility," Journal of Banking & Finance, Elsevier, vol. 35(7), pages 1599-1609, July.
  9. repec:pal:assmgt:v:19:y:2018:i:7:d:10.1057_s41260-018-0095-6 is not listed on IDEAS
  10. repec:eee:tefoso:v:127:y:2018:i:c:p:141-153 is not listed on IDEAS
  11. Beshears, John & Milkman, Katherine L., 2011. "Do sell-side stock analysts exhibit escalation of commitment?," Journal of Economic Behavior & Organization, Elsevier, vol. 77(3), pages 304-317, March.
  12. Nolte, Ingmar & Nolte, Sandra & Vasios, Michalis, 2014. "Sell-side analysts’ career concerns during banking stresses," Journal of Banking & Finance, Elsevier, vol. 49(C), pages 424-441.
  13. Daniel Bradley & Xi Liu & Christos Pantzalis, 2014. "Bucking the Trend: The Informativeness of Analyst Contrarian Recommendations," Financial Management, Financial Management Association International, vol. 43(2), pages 391-414, June.
  14. Green, T. Clifton & Jame, Russell & Markov, Stanimir & Subasi, Musa, 2014. "Access to management and the informativeness of analyst research," Journal of Financial Economics, Elsevier, vol. 114(2), pages 239-255.
  15. repec:kap:fmktpm:v:32:y:2018:i:2:d:10.1007_s11408-018-0311-x is not listed on IDEAS
  16. Rangvid, Jesper & Schmeling, Maik & Schrimpf, Andreas, 2013. "What do professional forecasters' stock market expectations tell us about herding, information extraction and beauty contests?," Journal of Empirical Finance, Elsevier, vol. 20(C), pages 109-129.
  17. repec:bla:stratm:v:38:y:2017:i:13:p:2599-2622 is not listed on IDEAS
  18. Zhao, Zheng & Zhang, YongJie & Feng, Xu & Zhang, Wei, 2014. "An analysis of herding behavior in security analysts’ networks," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 413(C), pages 116-124.
  19. Thomas Lustenberger & Enzo Rossi, 2017. "The Social Value of Information: A Test of a Beauty and Non-Beauty Contest," Working Papers 2017-17, Swiss National Bank.
  20. David M Harrison & Mark A. Lane & Michael J. Seiler, 2014. "Mimetic Herding Behavior and the Decision to Strategically Default," Framed Field Experiments 00625, The Field Experiments Website.
  21. Marcel Naujoks & Kevin Aretz & Alexander Kerl & Andreas Walter, 2009. "Do German security analysts herd?," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 23(1), pages 3-29, March.
  22. Milena Suliga, 2016. "The reaction of investors to analyst recommendations of stocks listed on the WIG20 index," Managerial Economics, AGH University of Science and Technology, Faculty of Management, vol. 17(1), pages 123-148.
  23. Bai, Min & Qin, Yafeng, 2015. "Short sales constraints and price adjustments to earnings announcements: Evidence from the Hong Kong market," International Review of Financial Analysis, Elsevier, vol. 42(C), pages 304-315.
  24. Changki Kim & Yangho Choi & Woojoo Lee & Jae Youn Ahn, 2013. "Analyzing Herd Behavior in Global Stock Markets: An Intercontinental Comparison," Papers 1308.3966,
  25. repec:eee:jocaae:v:15:y:2019:i:2:p:224-242 is not listed on IDEAS
  26. Kaplanski, Guy & Levy, Haim, 2017. "Analysts and sentiment: A causality study," The Quarterly Review of Economics and Finance, Elsevier, vol. 63(C), pages 315-327.
  27. repec:eee:finana:v:57:y:2018:i:c:p:90-105 is not listed on IDEAS
  28. Mark Freeman & Ben Groom, 2015. "Using equity premium survey data to estimate future wealth," Review of Quantitative Finance and Accounting, Springer, vol. 45(4), pages 665-693, November.
  29. repec:bla:acctfi:v:58:y:2018:i:3:p:697-725 is not listed on IDEAS
  30. repec:bla:acctfi:v:58:y:2018:i:s1:p:375-422 is not listed on IDEAS
  31. repec:eee:jbfina:v:91:y:2018:i:c:p:1-18 is not listed on IDEAS
  32. Michael Seiler & Mark Lane & David Harrison, 2014. "Mimetic Herding Behavior and the Decision to Strategically Default," The Journal of Real Estate Finance and Economics, Springer, vol. 49(4), pages 621-653, November.
  33. Jung, Boochun & Shane, Philip B. & Sunny Yang, Yanhua, 2012. "Do financial analysts' long-term growth forecasts matter? Evidence from stock recommendations and career outcomes," Journal of Accounting and Economics, Elsevier, vol. 53(1), pages 55-76.
  34. repec:eee:ecofin:v:48:y:2019:i:c:p:48-64 is not listed on IDEAS
  35. repec:gam:jjrfmx:v:11:y:2018:i:3:p:36-:d:155547 is not listed on IDEAS
  36. Bert de Bruijn & Philip Hans Franses, 2012. "What drives the Quotes of Earnings Forecasters?," Tinbergen Institute Discussion Papers 12-067/4, Tinbergen Institute.
  37. Meub, Lukas & Proeger, Till & Bizer, Kilian & Spiwoks, Markus, 2015. "Strategic coordination in forecasting – An experimental study," Finance Research Letters, Elsevier, vol. 13(C), pages 155-162.
  38. Souček, Michael & Wasserek, Thomas, 2014. "Impact of analyst recommendations on stock returns: Evidence from the German stock market," Discussion Papers 358, European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics.
  39. Bizer, Kilian & Meub, Lukas & Proeger, Till & Spiwoks, Markus, 2014. "Strategic coordination in forecasting: An experimental study," Center for European, Governance and Economic Development Research Discussion Papers 195, University of Goettingen, Department of Economics.
  40. Roger K. Loh, 2010. "Investor Inattention and the Underreaction to Stock Recommendations," Financial Management, Financial Management Association International, vol. 39(3), pages 1223-1252, September.
  41. repec:eee:pacfin:v:45:y:2017:i:c:p:211-223 is not listed on IDEAS
  42. Linnainmaa, Juhani T. & Torous, Walter & Yae, James, 2016. "Reading the tea leaves: Model uncertainty, robust forecasts, and the autocorrelation of analysts’ forecast errors," Journal of Financial Economics, Elsevier, vol. 122(1), pages 42-64.
  43. Marinovic, Iván & Ottaviani, Marco & Sorensen, Peter, 2013. "Forecasters’ Objectives and Strategies," Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 2, chapter 0, pages 690-720, Elsevier.
IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.