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Psychological evidence indicates that decision quality declines after an extensive session of decision-making, a phenomenon known as decision fatigue. We study whether decision fatigue affects analysts' judgments. Analysts cover multiple firms and often issue several forecasts in a single day....
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We study how institutional investor attention to a firm affects the timeliness of analysts' forecasts for that firm. We measure abnormal institutional attention (AIA) using Bloomberg news search activity for the firm on earnings announcement days. We find that analysts issue more timely...
Persistent link: https://www.econbiz.de/10012847939
In October 2014, Estimize.com began providing management guidance on its platform for firms that provide guidance. We exploit this exogenous shock to salience of management guidance as a quasi-natural experiment to study how salience of management guidance affects forecasting behavior. Using a...
Persistent link: https://www.econbiz.de/10012848522
Psychological evidence indicates that decision quality declines after an extensive session of decision-making, a phenomenon known as decision fatigue. We study whether decision fatigue affects analysts' judgments. Analysts cover multiple firms and often issue several forecasts in a single day....
Persistent link: https://www.econbiz.de/10012926415
Psychological evidence indicates that decision quality declines after an extensive session of decision-making, a phenomenon known as decision fatigue. We study whether decision fatigue affects analysts' judgments. Analysts cover multiple firms and often issue several forecasts in a single day....
Persistent link: https://www.econbiz.de/10012835777
Psychological evidence indicates that decision quality declines after an extensive session of decision-making, a phenomenon known as decision fatigue. We study whether decision fatigue affects analysts' judgments. Analysts cover multiple firms and often issue several forecasts in a single day....
Persistent link: https://www.econbiz.de/10012933457