Search Results - subject_exact:"Investment advisors"

Viral but vanishing : investment advisors, social media, and regulation

Babolmorad, Nazanin; Bossaerts, Peter L.; Massoud, Nadia - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015651419

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://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://ebvufind01.dmz1.zbw.eu/10015647541

Current trends for robo-advisors

Dias, Fabio Silva - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015651176

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

Virk, Nader - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015651251

Robo-advisory under review : the market's verdict

Huang, Yan - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015651261

Do sell-side analysts’ recommendations consider business strategy in their evaluation? : what is the role of corporate governance?

Alazzani, Abdulsamad - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668956

Democratizing private markets? : private equity performance of individual investors

Balloch, Cynthia; Mainardi, Federico; Oh, Sangmin; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016071170

AI for financial advice, fraud loss, and the moderating effect of financial knowledge miscalibration

Chawla, Isha; Joseph, Mindy; White, Kenneth; Scantling, … - 2026

There is growing interest in using AI for financial advice, yet fraud and related financial losses remain widespread. While previous research has examined fraud victimization in general, there has been less focus on the losses resulting from fraud. Additionally, there is a limited understanding...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016061177

AI persuasion and financial-decision making : experimental evidence on dominated investment choices

Greubel, Joshua; Guhling, Henrik; Herweg, Fabian - 2026

In an online experiment, we study how generative AI steers individuals toward dominated choices and, conversely, helps them avoid such mistakes. Participants choose between two virtual index funds, one of which strictly dominates the other. An AI chatbot increases optimal choices by over 20...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016083773

One advisor for the whole world? : cross-country evidence on financial advice from large language models

Bäckman, Claes - 2026

Households around the world increasingly take portfolio advice from the same handful of large language models. Does that advice adjust to what local circumstances warrant? I pose the same portfolio problem to leading models across twenty-one countries, each in its own language. Advice is nearly...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016060591

Mary vs. John : gender and financial advice in old age

Mazzonna, Fabrizio; Orsenigo, Andrea; Peracchi, Franco - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016091841

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://ebvufind01.dmz1.zbw.eu/10015618498

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://ebvufind01.dmz1.zbw.eu/10015549110

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://ebvufind01.dmz1.zbw.eu/10015372185

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://ebvufind01.dmz1.zbw.eu/10015374260

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://ebvufind01.dmz1.zbw.eu/10015375408

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

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

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015193304

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://ebvufind01.dmz1.zbw.eu/10015197292

Analyst forecasts, managerial learning, and corporate investment

Hu, Yaqin; Zhang, Yuan - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015358921

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://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://ebvufind01.dmz1.zbw.eu/10015326950

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

Song, Jian; Zhou, Xiaozhou - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015425035

Do brokers manage the distribution of stock recommendations?

He, Wen; Zhang, Jin - 2025

Persistent link: https://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

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

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

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015467559

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://ebvufind01.dmz1.zbw.eu/10015448896

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://ebvufind01.dmz1.zbw.eu/10015408455

De kracht van de juiste vraag : financiële doelen en keuzebegeleiding

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

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015412840

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://ebvufind01.dmz1.zbw.eu/10015432346

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://ebvufind01.dmz1.zbw.eu/10015438167

Corporate life cycles and analyst recommendations

Al-Hadi, Ahmed; Alazzani, Abdulsamad - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015462038

Presenting return charts in investment decisions

Huber, Christoph; Rose, Julia - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015427535

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://ebvufind01.dmz1.zbw.eu/10015492602

Stock portfolio selection based on risk appetite : evidence from ChatGPT

Schneider, Constantin J.; Yilmaz, Yahya - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015492680

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

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

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015506621

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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://ebvufind01.dmz1.zbw.eu/10015506682

Show one more version 1

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

Miwa, Kotaro - 2025

Article

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://ebvufind01.dmz1.zbw.eu/10015608112

Financial analysts' use of industry specific stock valuation models

Olbert, Lars - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611929

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://ebvufind01.dmz1.zbw.eu/10015550967