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The Characteristics of Individual Analysts' Forecasts in Europe
Bolliger, Guido - 2001
This paper investigates the determinants of European financial analysts' forecasts differential accuracy.
Persistent link: https://www.econbiz.de/10005843252
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Investor Sentiment, Stock Returns, and Analyst Recommendation Changes
Kim, Karam - 2019
This study examines the responses of investor sentiment and stock market returns to announcements of changes in analyst recommendation as well as the effect of these announcements on the relationship between sentiment and stock returns. Investor sentiment is more sensitive to upgrade...
Persistent link: https://www.econbiz.de/10012894377
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Indian corporate bonds market –an analytical prospective
Nath, Golaka - Volkswirtschaftliche Fakultät, … - 2012
Bond markets in emerging markets are illiquid as investors and issuers grapple with major microstructure and legal issues. The importance of bond markets as a source of finance has increased during the economic slowdown as companies diversified away from reliance on banks for funding and many...
Persistent link: https://www.econbiz.de/10011258422
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Target Price Accuracy
Kerl, Alexander G. - Verband der Hochschullehrer für Betriebswirtschaft - 2011
This study analyzes the accuracy of forecasted target prices within analysts’ reports. We compute a measurefor target price forecast accuracy that evaluates the ability of analysts to exactly forecast the ex-ante (unknown)12-month stock price. Furthermore, we determine factors that explain...
Persistent link: https://www.econbiz.de/10009005119
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A systematic comparison of professional exchange rate forecasts with judgmental forecasts of novices: Are there substantial differences?
Schmidt, Robert; Leitner, Johannes - 2004
markets. We analyze the respective forecasting accuracy and our results indicate that there exist substantial differences …
Persistent link: https://www.econbiz.de/10010296526
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Biases of professional exchange rate forecasts : psychological explanations and an experimentally based comparison to novices
Leitner, Johannes; Schmidt, Robert; Bofinger, Peter - 2003
reflected in the forecasting capabilities of professional analysts: all in all, analysts are not in a position to beat native … environment, we analyse the forecasting behaviour of students experimentally, using a simulated currency series. Our results … indicate that a topically oriented trend adjustment behaviour (TOTA) is a general characteristic of human forecasting behaviour …
Persistent link: https://www.econbiz.de/10010498976
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The Impact of Investor Sentiment on Stock Returns in Emerging Markets. The Case of Central European Markets
Corredor, Pilar - 2015
This paper studies the effect of investor sentiment on stock returns in three Central European markets: the Czech Republic, Hungary and Poland. The results show that sentiment is a key variable in the prices of stocks traded on these markets and its impact is stronger here than in more developed...
Persistent link: https://www.econbiz.de/10013014756
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Relationship between the Projections and Recommendations of Equity Analysts and the Behavior of Fund Managers in an Emerging Market
Cabral, Marcel - 2017
The purpose of this study is to assess whether the analysts' activity is valuable for investors, i. e., whether the managers follow the analysts' forecasts and whether those who follow are able to achieve higher returns. We analyzed the behavior of investment fund managers in the Brazilian...
Persistent link: https://www.econbiz.de/10012968430
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Long run performance of IPOs and the role of financial analysts: some French evidence
Boissin, Romain; Sentis, Patrick - Volkswirtschaftliche Fakultät, … - 2010
This paper examines the long run performance of French IPOs carried out between 1991 and 2005. By using various methodologies, we find that IPOs in our sample performed negatively relative to comparison portfolios over the 1991-2005 horizon, unlike prior studies applied to French market. This...
Persistent link: https://www.econbiz.de/10008871208
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Measures of volatility, crises, sentiment and the role of U.S. "fear" index (VIX) on herding in BRICS (2007-2021)
Zhang, Hang; Giouvris, Evangelos - In: Journal of risk and financial management : JRFM 15 (2022) 3, pp. 1-42
We look into determinants (volatility, crises, sentiment and the U.S. ‘fear’ index) of herding using BRICS as our sample. Investors herd selectively to crises and herding is a short-lived phenomenon. Herding was highest during the global financial crisis (only China was affected). There was...
Persistent link: https://www.econbiz.de/10013164975