Research suggests certain investors face significant information disadvantages, particularly during earnings announcements. We investigate whether financial analysis on Seeking Alpha, a prominent social media platform hosting original financial analysis, can mitigate this disadvantage. First, we...

We study financial analysts’ role in influencing managers’ ability to learn from stock prices to make investment decisions. Our findings suggest that analysts increase managerial learning from prices. This effect is more pronounced when analysts are of higher quality, when the firm’s...