Purpose: The purpose of this paper is to investigate whether analysts’ optimism affects the stock crash risk. Design/methodology/approach: The sample covers 49,246 firm-year observations for the period between 1995 and 2015. The authors use OLS regressions with firm and year fixed effects for...

Purpose: The purpose of this paper is to examine the role of online freelance stock analysts in correcting mispricing of hard-to-value firms during sentiment-driven market periods. Design/methodology/approach: The sample covers 23,758 Seeking Alpha articles obtained for the period between...