The Characteristics of Individual Analysts' Forecasts in Europe

The Characteristics of Individual Analysts' Forecasts in Europe PDF Author: Guido Bolliger
Publisher:
ISBN:
Category :
Languages : en
Pages : 42

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The Characteristics of Individual Analysts' Forecasts in Europe

The Characteristics of Individual Analysts' Forecasts in Europe PDF Author: Guido Bolliger
Publisher:
ISBN:
Category :
Languages : en
Pages : 42

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Book Description


“The” Characteristics of Indicidual Analysts' Forecasts in Europe

“The” Characteristics of Indicidual Analysts' Forecasts in Europe PDF Author: Guido Bolliger
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Applied Econometrics

Applied Econometrics PDF Author: Chia-Lin Chang
Publisher: MDPI
ISBN: 3038979260
Category : Business & Economics
Languages : en
Pages : 222

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Book Description
Although the theme of the monograph is primarily related to “Applied Econometrics”, there are several theoretical contributions that are associated with empirical examples, or directions in which the novel theoretical ideas might be applied. The monograph is associated with significant and novel contributions in theoretical and applied econometrics; economics; theoretical and applied financial econometrics; quantitative finance; risk; financial modeling; portfolio management; optimal hedging strategies; theoretical and applied statistics; applied time series analysis; forecasting; applied mathematics; energy economics; energy finance; tourism research; tourism finance; agricultural economics; informatics; data mining; bibliometrics; and international rankings of journals and academics.

Bias in European Analysts' Earnings Forecasts

Bias in European Analysts' Earnings Forecasts PDF Author: Stan Beckers
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
Forecasting company earnings is a difficult and hazardous task. In an efficient market where analysts learn from past mistakes, there should be no persistent and systematic biases in consensus earnings accuracy. Previous research has already established how some (single) individual-company characteristics systematically influence forecast accuracy. So far, however, the effect on consensus earnings biases of a company's sector and country affiliation combined with a range of other fundamental characteristics has remained largely unexplored. Using data for 1993-2002, this article disentangles and quantifies for a broad universe of European stocks how the number of analysts following a stock, the dispersion of their forecasts, the volatility of earnings, the sector and country classification of the covered company, and its market capitalization influence the accuracy of the consensus earnings forecast.

Advances in Quantitative Analysis of Finance and Accounting (New Series,2011) Vol.9

Advances in Quantitative Analysis of Finance and Accounting (New Series,2011) Vol.9 PDF Author: Cheng F. Lee
Publisher: Center for PBBEFR & Airiti Press
ISBN: 9866286436
Category : Business & Economics
Languages : en
Pages : 339

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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.

Individual-Analyst Characteristics and Forecast Error

Individual-Analyst Characteristics and Forecast Error PDF Author: Hiromichi Tamura
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
The purpose of the study reported here was to investigate how characteristics of analysts affect their forecast errors. Previous research has found positive serial correlation in forecast errors, which can be attributed to underreaction to new information, especially to bad news. The relationship between an analyst's behavior and that analyst's characteristics is not clear, however, because most previous work was based solely on consensus estimates. By using detailed historical data, I found a stronger serial correlation among the herd-to-consensus analysts (that is, the group with a small average distance between their forecasts and the consensus forecast) than among other analysts. Moreover, average distance to consensus itself has a positive serial correlation, and it may be attributed to an analyst's personality (optimistic or pessimistic). I found strong positive serial correlation in the average distance to consensus among the herd-to-consensus analysts. These results show that herd-to-consensus analysts submit earnings estimates that are not only close to the consensus but are also strongly affected by their personalities.

Valuation Methods and Shareholder Value Creation

Valuation Methods and Shareholder Value Creation PDF Author: Pablo Fernandez
Publisher: Academic Press
ISBN: 0122538412
Category : Business & Economics
Languages : en
Pages : 662

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Book Description
This text provides a catalogue of valuation tools, together with guidance on analyzing and valuing a business. The author breaks down the topic to provide advice for any business, no matter how complex. He presents eight different methods of firm valuation and discusses the benefits and limitations of each method, supporting this information with examples from international markets.

Handbook of Banking and Finance in Emerging Markets

Handbook of Banking and Finance in Emerging Markets PDF Author: Nguyen, Duc K.
Publisher: Edward Elgar Publishing
ISBN: 1800880901
Category : Business & Economics
Languages : en
Pages : 867

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Book Description
Emerging markets are increasingly facing significant challenges, from a slowdown in productivity, rising debt, and trade tensions to the adverse effects of proliferating global uncertainty on domestic financial systems. This incisive Handbook examines the ongoing dynamics of global financial markets and institutions within the context of such rising uncertainty and provides a comprehensive overview of innovative models in banking and finance.

Do Local Analysts Know More?

Do Local Analysts Know More? PDF Author: Anthony Bown Sanders
Publisher:
ISBN:
Category : Bank loans
Languages : en
Pages : 226

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Book Description


Equity Home Bias in International Finance

Equity Home Bias in International Finance PDF Author: Kavous Ardalan
Publisher: Routledge
ISBN: 1000008274
Category : Business & Economics
Languages : en
Pages : 393

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Book Description
This book provides a comprehensive and critical analysis of research outcomes on the equity home bias puzzle – that people overinvest in domestic stocks relative to the theoretically optimal investment portfolio. It introduces place attachment – the bonding that occurs between individuals and their meaningful environments – as a new explanation for equity home bias, and presents a philosophically multi-paradigmatic view of place attachment. For the first time, a comprehensive and up-to-date review of the extant literature is provided, demonstrating that place attachment is a contributing factor to 22 different topics in which variations of home bias are present. The author also analyses the social-psychological underpinnings of place attachment, and considers the effect of multi-culturalism on the future of equity home bias. The book’s unique approach discusses the issues in conceptual terms rather than through data and statistical methods. This multi- and inter-disciplinary book is an invaluable resource for graduate students and researchers interested in economics, finance, philosophy, and/or methodology, introducing them to a new line of research.