the buy-side mutual fund managers to whom they are connected. We consider cases in which analysts recommend that the … public buys a stock, but some fund managers sell it. We measure favor trading using mutual fund managers' votes for analysts … in a Chinese "star analyst" competition. We find that managers are more likely to vote for analysts who exhibit more "say …

Managers conducting earnings conference calls display distinctive styles in their word choice. Some CEOs and CFOs are … find earnings news less informative when managers are vague; they respond less and more slowly as a result. Thus …

cross-sectional variation. On average, the bias increases in the forecast horizon, and analysts revise their expectations … excessively optimistic relative to our benchmark. Managers of companies with the greatest upward biased earnings forecasts are …

areas of India, and that farmers respond more strongly to the forecast where there is more forecast skill and not at all … when there is no skill. We show, using an IV strategy in which the Indian government forecast of monsoon rainfall serves as … estimated. Using the full rainfall distribution and our profit function estimates, we find that Indian farmers on average under …

/U.K. (1629-1812), U.K. (1813-1870) and U.S. (1871-2015). We show that dividend yields are stationary and consistently forecast …