Motivational and Cognitive Explanations for Financial Analysts' Optimistic Earnings Forecasts

Motivational and Cognitive Explanations for Financial Analysts' Optimistic Earnings Forecasts PDF Author: Anna M. Cianci
Publisher:
ISBN:
Category : Investment advisors
Languages : en
Pages : 250

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Motivational and Cognitive Explanations for Financial Analysts' Optimistic Earnings Forecasts

Motivational and Cognitive Explanations for Financial Analysts' Optimistic Earnings Forecasts PDF Author: Anna M. Cianci
Publisher:
ISBN:
Category : Investment advisors
Languages : en
Pages : 250

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Book Description


Dissertation Abstracts International

Dissertation Abstracts International PDF Author:
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 672

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Advances in Quantitative Analysis of Finance and Accounting (New Series) Vol.12

Advances in Quantitative Analysis of Finance and Accounting (New Series) Vol.12 PDF Author: Cheng F. Lee
Publisher: Center for PBBEFR & Airiti Press
ISBN: 9866286681
Category : Business & Economics
Languages : en
Pages :

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Book Description
Advances in Quantitative Analysis of Finance and Accounting (New Series) is an annual publication designed to disseminate developments in the quantitative analysis of finance and accounting. The publication is a forum for statistical and quantitative analyses of issues in finance and accounting as well as applications of quantitative methods to problems in financial management, financial accounting, and business management. The objective is to promote interaction between academic research in finance and accounting and applied research in the financial community and the accounting profession.

Systematic Optimism in Financial Analysts' Earnings Forecasts

Systematic Optimism in Financial Analysts' Earnings Forecasts PDF Author: Dmitri Yu Kantsyrev
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
This study examines forecast errors in financial analysts' annual earnings forecasts and finds that analysts exhibit systematic optimism for a specific subset of companies. The magnitude of the analysts' optimistic forecast bias increases with the difficulty of the forecasting task, which is represented by statistical characteristics of a firm's earnings as well as the overall economic activity. We find that both the mean and median forecast errors are largest for companies with the most volatile earnings that move against or independently of the market earnings. We also develop a model of the analysts' forecasting behavior and provide evidence that the analysts' optimistic forecast error increases in periods of economic downturns, and somewhat slowly decreases throughout the forecast horizon. In contrast to most of the existing literature, which deals with samples, we analyze all available consensus as well as timely constructed forecasts for the 1987-2004 period.

BioRevolution - A Promising Strategy

BioRevolution - A Promising Strategy PDF Author: Sri Krishna Arts and Science College
Publisher: Archers & Elevators Publishing House
ISBN: 9383241209
Category : Antiques & Collectibles
Languages : en
Pages :

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American Doctoral Dissertations

American Doctoral Dissertations PDF Author:
Publisher:
ISBN:
Category : Dissertation abstracts
Languages : en
Pages : 816

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Journal of Accounting & Economics

Journal of Accounting & Economics PDF Author:
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages :

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The Optimism Bias

The Optimism Bias PDF Author: Tali Sharot
Publisher: Vintage
ISBN: 0307379833
Category : Science
Languages : en
Pages : 273

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Book Description
Psychologists have long been aware that most people maintain an irrationally positive outlook on life—but why? Turns out, we might be hardwired that way. In this absorbing exploration, Tali Sharot—one of the most innovative neuroscientists at work today—demonstrates that optimism may be crucial to human existence. The Optimism Bias explores how the brain generates hope and what happens when it fails; how the brains of optimists and pessimists differ; why we are terrible at predicting what will make us happy; how emotions strengthen our ability to recollect; how anticipation and dread affect us; how our optimistic illusions affect our financial, professional, and emotional decisions; and more. Drawing on cutting-edge science, The Optimism Bias provides us with startling new insight into the workings of the brain and the major role that optimism plays in determining how we live our lives.

Investor Sentiment Effect in European Stock Markets

Investor Sentiment Effect in European Stock Markets PDF Author: Elena Ferrer
Publisher: Ed. Universidad de Cantabria
ISBN: 8481028010
Category : Business & Economics
Languages : en
Pages : 86

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Book Description
La presente obra se adentra en el estudio del potencial efecto del sentimiento del inversor sobre la valoración de activos, su efecto en los pronósticos de beneficios y recomendaciones de los analistas y su impacto sobre los activos derivados. Abarca el efecto del sentimiento del inversor en cuatro de los mercados europeos más importantes, Alemania, España, Francia y Reino Unido, mercados con características diferentes, en cuanto a tamaño, tipología del inversor y funcionamiento, lo que permite extraer importantes conclusiones adicionales.

Advances in Accounting Behavioral Research

Advances in Accounting Behavioral Research PDF Author: Vicky Arnold
Publisher: Emerald Group Publishing
ISBN: 0762313536
Category : Business & Economics
Languages : en
Pages : 249

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Book Description
Presents an empirical research in accounting theory. This book includes content that crosses into the fields of applied psychology, sociology, management science, and economics.