Search Results - subject_exact:"Financial advisors"

A momentum-based normalization framework for generating profitable analyst sentiment signals

McCarthy, Shawn; Alaghband, Gita - 2026

The diverse rating scales used by brokerage firms pose significant challenges for aggregating analyst recommendations in financial research. We develop a momentum-based normalization framework that transforms heterogeneous rating changes into standardized sentiment signals using firm-relative,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015591134

ESG expertise and analysts' roles in capital markets

Wei, Yixin (Lucy); Cahan, Steven F.; Chen, Li - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015647541

Sustainable investing and the role of AI-driven robo-advisors

Virk, Nader - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651251

Current trends for robo-advisors

Dias, Fabio Silva - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651176

Robo-advisory under review : the market's verdict

Huang, Yan - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651261

Information sources for investment decisions : evidence from Japanese investors

Lal, Sumeet; Sulemana, Abdul-Salam; Trinh Xuan Thi Nguyen; … - 2023

Although the traditional sources of financial knowledge in Japan are financial advisors and investment groups, the digital era and artificial intelligence have made other sources of information, such as social media and mass media, more influential. As such, it has become important to examine...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014482872

How to improve quality investing

Otero-González, Luis; Durán Santomil, Pablo; Vieito, … - 2025

In this article, we evaluate the relationship between quality investing combined with Economic Moat, ESG (Environmental, Social and Governance) and analyst opinions over the period 2014-2020 based on a data set comprising 803 US stocks. Performance is evaluated using several metrics (returns and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015375408

An exploration of how motivations and perceived ability influence an advisor's willingness to give advice

Banerji, Ishani; Dillon, Robin; Carlson, Kurt - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015372185

Can digital transformation of enterprise improve the information environment of the capital market? : evidence from Analyst's perspective

Li, Shu; Zhang, Xiaoyun - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015326617

Do hedge fund clients of prime brokers front-run their analysts?

Chen, Bing; Kazemi, Maziar M.; Yang, Xiaohui - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015326950

Using large language models for financial advice

Fieberg, Christian; Hornuf, Lars; Meiler, Maximilian; … - 2025

We study whether large language models (LLMs) can generate suitable financial advice and which LLM features are associated with higher-quality advice. To this end, we elicit portfolio recommendations from 32 LLMs for 64 investor profiles, which differ in their risk preferences, home country,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015197292

Heterogeneous impacts of macroprudential policies : financial advisors, regulatory caps, and mortgage risk

Cesnak, Martin; Cupák, Andrej; Fessler, Pirmin; … - 2025

This paper examines the impact of borrower-based macroprudential policy tightening on mortgage lending in Slovakia, focusing in particular on the role of financial advisors in shaping loan characteristics. Using a comprehensive loan-level dataset from Slovak banks, we analyze the effects of key...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015183173

Fee-oriented strategies, ownership structure and analyst forecast accuracy in the hospitality industry

Poretti, Cedric; Aoun, Adam; Singal, Manisha - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015193304

Is using a financial advisor related to cryptocurrency investment?

Brockbank, Alex; Kalenkoski, Charlene; Browning, Chris; … - 2025

Do financial advisors recommend cryptocurrency investment within a household portfolio? Cryptocurrencies have emerged in popularity as households seek to maximize returns. Financial advisors are expected to provide beneficial advice for a household in managing financial decisions including...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015492602

Stock portfolio selection based on risk appetite : evidence from ChatGPT

Schneider, Constantin J.; Yilmaz, Yahya - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015492680

Corporate life cycles and analyst recommendations

Al-Hadi, Ahmed; Alazzani, Abdulsamad - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015462038

Do brokers manage the distribution of stock recommendations?

He, Wen; Zhang, Jin - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015463738

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Do Brokers Manage the Distribution of Stock Recommendations?

He, Wen; Zhang, Jin - 2022

Book / Working Paper

Does IFRS adoption improve analysts' earnings forecasts? : evidence from Saudi Arabia

Elkemali, Taoufik - 2025

This study explores how IFRS adoption is associated with analysts' forecast accuracy, optimism, and dispersion in Saudi Arabia. Drawing on data from publicly listed firms from 2013 to 2020, we assess changes in forecasting behavior surrounding the IFRS transition, accounting for firm-specific...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015448896

The double-edged effects of the ESG rating on analyst forecast performance

Wang, Lei; Sha, Yifan; Li, Yue; Wang, Tongyu - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015515334

Show one more version 1

The double-edged effects of the ESG rating on analyst forecast performance

Wang, Lei; Sha, Yifan; Li, Yue; Wang, Tongyu - 2025

Article

Market participants' interests and earnings forecast updates : evidence from discussion topics in investor meetings

Miwa, Kotaro - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015506682

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Market participants' interests and earnings forecast updates : evidence from discussion topics in investor meetings

Miwa, Kotaro - 2025

Article

10-K complexity, analysts' forecasts, and price discovery in capital markets

Diaz, Jamie; Njoroge, Kenneth; Shane, Philip B. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015467559

Investment decision-making in the information-return space

Astaíza-Gómez, José Gabriel - 2025

In this paper, I examine the value that investors place on analysts who exhibit lower forecast error volatility. Building on prior empirical research, I develop a theoretical model that formalizes the role of error volatility in investment decision-making. I propose an investment strategy that...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015438167

How does foreign economic policy uncertainty affect domestic analyst earnings forecasts?

Song, Jian; Zhou, Xiaozhou - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015425035

Presenting return charts in investment decisions

Huber, Christoph; Rose, Julia - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015427535

Do sell-side analysts react too pessimistically to bad news for minority-led firms? : evidence from target price valuations

Rupar, Kathy; Wang, Sean; Yoon, Hayoung - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015432346

De kracht van de juiste vraag : financiële doelen en keuzebegeleiding

Werf, Minou van der; Post, Thomas; Brüggen, Lisa - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015412840

AI-based financial advice : an ethical discourse on AI-based financial advice and ethical reflection framework

Brüggen, Lisa; Gianni, Robert; de Haan, Floris; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015415706

Conflicts of interest among affiliated financial advisors in 401(k) plans : implications for plan participants

Bazley, William J.; Cici, Gjergji; Liao, Junchao - 2025

Certain institutional features of 401(k) plans can create conflicts of interest between plan participants and financial advisors that advise them. We study one such conflict: when advisors are affiliated with the plan's recordkeeper. Using a large dataset of 401(k) plans, we find that affiliated...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015408451

Sell-side analysts with accounting experience

Andres, Christian; Brochet, François; Limbach, Peter; … - 2025

This study provides evidence on the performance and labor market trajectories of sell-side equity analysts with prior experience or education in accounting. Analysts with work experience in accounting issue both more accurate earnings per share (EPS) forecasts and more profitable sell...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015408455

Financial advice and household financial portfolios

Brown, Sarah; Bucciol, Alessandro; Montagnoli, Alberto; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015395869

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Financial advice and household financial portfolios

Brown, Sarah; Bucciol, Alessandro; Montagnoli, Alberto; … - 2021

Book / Working Paper

Financial advice and household financial portfolios

Brown, Sarah; Bucciol, Alessandro; Montagnoli, Alberto; … - 2020

Book / Working Paper

Financial Advice and Household Financial Portfolios

Brown, Sarah; Bucciol, Alessandro; Montagnoli, Alberto; … - 2023

Book / Working Paper

The impact of board gender quotas on analyst recommendations : a difference-in-differences analysis

García Blandón, Josep; Argilés Bosch, Josep M.; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015396478

Heterogenous impacts of macroprudential policies : financial advisors, regulatory caps, and mortgage risk

Cesnak, Martin; Cupák, Andrej; Fessler, Pirmin; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015397795

Analyst forecasts, managerial learning, and corporate investment

Hu, Yaqin; Zhang, Yuan - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015358921

The cross-board spillover effect of innovation information : establishment of the Star Market and Main Board analyst forecasts

Jiang, Chengxin; Bin, Liu; He, Wenjing - 2025

Studies show that innovation information disclosed by listed firms affects the decision of non-listed firms and their stakeholders. This paper explores whether innovation information disclosed within a specific list board (i.e., market) also spills over to other list boards. Based on the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015374260

Fiduciary duty and the market for financial advice

Bhattacharya, Vivek; Illanes, Gastón; Padi, Manisha - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015475302

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Fiduciary duty and the market for financial advice

Bhattacharya, Vivek; Illanes, Gastón; Padi, Manisha - 2019

Book / Working Paper

Fiduciary Duty and the Market for Financial Advice

Bhattacharya, Vivek - 2019

Book / Working Paper

Fiduciary Duty and the Market for Financial Advice

Bhattacharya, Vivek - 2019

Book / Working Paper

Fiduciary Duty and the Market for Financial Advice

Bhattacharya, Vivek - 2019

Book / Working Paper

Conflicts of interest among affiliated financial advisors in 401(k) plans: Implications for plan participants

Bazley, William J.; Cici, Gjergji; Liao, Junchao - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015409348

M&A motives in the German SME sector : the perception of M&A advisors

Blajer-Gołębiewska, Anna; Markiewicz, Magdalena; … - 2025

Paper's objective - Despite their critical role in the European economy, mergers and acquisitions (M&A) involving small- and medium-sized enterprises (SMEs) are less frequently analysed than those involving large corporations. The study's objective is to address this gap by providing a deeper...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015608112

Financial analysts' use of industry specific stock valuation models

Olbert, Lars - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015611929

Do analysts underreact to pension underfunding? : evidence from forecast bias and funding ratios of DB plans in Korea

Noh, Jung Hee; Park, Heejin - 2025

This study aims to empirically investigate the relationship between the funding status of defined benefit (DB) pension plans and the forecast bias of financial analysts. While prior research has documented the impact of pension underfunding on firm performance, investment efficiency and firm...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015549110

Long-term institutional shareholdings and stock price informativeness of analyst target prices

Singh, Amanjot; Harminder Singh; Welagedara, Venura - 2025

This study examines whether long-term institutional shareholdings affect the informativeness of analyst target price revisions.Using institutional investors' portfolio holdings and a sample of 53,988 target prices from 2000 to 2019, we relate cumulative abnormal returns (CARs) to long-term...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015550967

Retail investors and sustainable finance : sustainable finance literacy, overconfidence and the role of information and advisors

Corielli, Francesco; Costa, D.; Gentile, M.; Saita, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015553946

CFO narcissism and the power of persuasion over analysts : a mixed-methods approach

Ham, Charles; Piorkowski, Mark; Seybert, Nick; Wang, Sean - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015554053

Robo-Advice : Entwicklung und Evaluation eines Prozessmodells zur automatisierten Anlageberatung und Finanzportfolioverwaltung

Jonietz, Christiane - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015554921

Shaping the compass? : how sustainability preference elicitation guides investor demand

Brühl, Volker; Radetzky, Marie-Therèse; Stolper, Oscar - 2025

This study evaluates the effectiveness of MiFID II's mandatory elicitation of retail investors' sustainability preferences in aligning investment advice with EU climate goals. Using comprehensive real-world data from 18,250 advisory meetings at a German savings bank, we analyze how clients'...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015558459

Gender composition and conflicts of interest in the financial industry : evidence from analysts' target price optimism

Charalambous, Andria; Duboisée de Ricquebourg, Alan; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015558680

Embracing AI advisors for making (complex) financial decisions : an experimental investigation of the role of a maximizing decision-making style

Silber, Dietrich; Hoffmann, Arvid O. I.; Belli, Alex - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015590978

Analysts' bankruptcy prediction : revisiting the information value added by financial experts

Gavious, Ilanit; Milo, Orit; Weihs, Hagit - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015579630

Disruption in the market for information : MiFID II and investor relations

Abhayawansa, Subhash; Aleksanyan, Mark; Lee, Kenneth - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015543179

Are individual analysts' responses to management forecasts conditioned by managers' forecasting track records?

Kala, Tejshree; Shailer, Gregory E.; Wilson, Mark - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015543245

Corporate ESG performance and the capital market's information environment : evidence from analysts' forecasts

Chen, Wanyi; Xie, Zilin; Huang, Mengqi - 2025

The role of ESG is not confined to investments, but extends to the influence it exerts on capital markets. This study investigates the impact of corporate ESG performance on the information environment. Our results show that as companies demonstrate higher ESG performance, there is a significant...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618498