<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>We examine the contemporaneous relation between earnings forecast accuracy and recommendation profitability to assess the effectiveness with which analysts translate forecasts into profitable recommendations. We find that, after controlling for expertise, more accurate analysts make more...

We investigate executive employment gaps (hereafter, gaps) between the appointment of an external CEO at a public firm and the individual's prior executive position at a public company. These gaps cannot be reliably obtained from common databases. We hand‐collect data for externally hired CEOs...

In this paper, we discuss analysts, their roles in capital markets, regulation shocks that affected analysts in recent years, and what we can learn about these issues from academic research. We build upon well-discussed topics such as analysts' conflicts of interest, their tendency towards...