Survey of Research on Equity Analysts
July 14, 2011 - Investing Expertise
There is a decades-long stream of academic research on equity analysts as sophisticated users of financial data, focusing on the usefulness of sell-side analyst earnings forecasts and stock recommendations. What is the gist of this stream? In his June 2011 paper entitled “Analysts’ Forecasts: What Do We Know After Decades of Work?”, Mark Bradshaw surveys research on equity analysts. Using results from dozens of studies spanning approximately four decades, he concludes that: Keep Reading