This paper explores the ways in which sell-side financial analysts seek to position themselves advantageously within the wider field of investment advice in spite of widespread skepticism over the value that their forecasts and recommendations add to investment decisions. The field of investment...

"Our understanding of financial markets is shaped overwhelmingly by economics, which tends to view financial market activity from both a numerical and abstract vantage point. Activity on 'the Street', in 'the City' or simply by 'the Market' is understood by reference to the performance of the...

Purpose: The purpose of this paper is to shed light on the nature of the work that financial analysts actually do in the context of the market for information and to further open up research in this area to qualitative and sociological inquiry. Design/Methodology/Approach: A field study with 49...

This qualitative study explores the work practices of sell-side analysts and in what ways sell-side analysts support investors and other actors in capital markets, with a focus on relational aspects. Adopting Granovetter’s notion that economic actions are embedded in social relations and...