How does past forecast behavior affect analysts' employment outcome?

Detalhes bibliográficos
Autor(a) principal: Marcelino, Maria João de Almeida
Data de Publicação: 2015
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.14/17261
Resumo: We study the relationship of sell-side analysts’ performance and their employment outcomes in the U.S. from 1983 to 2013. Analysts with a weak accuracy score are more likely to leave the job and less likely to experience a job-upgrade. Controlling for accuracy and experience, bolder and younger analysts are also more likely to experience job-termination. Additionally an Institutional Investors’ all-star has a lower chance of job-termination in case of a weak performance. Finally from 2003 onwards, after Wall Street’s regulation enforcement, employment outcome becomes less sensitive to an analyst’s past performance.
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spelling How does past forecast behavior affect analysts' employment outcome?Domínio/Área Científica::Ciências Sociais::Economia e GestãoWe study the relationship of sell-side analysts’ performance and their employment outcomes in the U.S. from 1983 to 2013. Analysts with a weak accuracy score are more likely to leave the job and less likely to experience a job-upgrade. Controlling for accuracy and experience, bolder and younger analysts are also more likely to experience job-termination. Additionally an Institutional Investors’ all-star has a lower chance of job-termination in case of a weak performance. Finally from 2003 onwards, after Wall Street’s regulation enforcement, employment outcome becomes less sensitive to an analyst’s past performance.Faias, José Afonso de Carvalho TavaresVeritati - Repositório Institucional da Universidade Católica PortuguesaMarcelino, Maria João de Almeida2015-04-21T10:53:45Z2015-03-0420152015-03-04T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/17261TID:201171406enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-01-09T01:35:31Zoai:repositorio.ucp.pt:10400.14/17261Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:14:27.966954Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv How does past forecast behavior affect analysts' employment outcome?
title How does past forecast behavior affect analysts' employment outcome?
spellingShingle How does past forecast behavior affect analysts' employment outcome?
Marcelino, Maria João de Almeida
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short How does past forecast behavior affect analysts' employment outcome?
title_full How does past forecast behavior affect analysts' employment outcome?
title_fullStr How does past forecast behavior affect analysts' employment outcome?
title_full_unstemmed How does past forecast behavior affect analysts' employment outcome?
title_sort How does past forecast behavior affect analysts' employment outcome?
author Marcelino, Maria João de Almeida
author_facet Marcelino, Maria João de Almeida
author_role author
dc.contributor.none.fl_str_mv Faias, José Afonso de Carvalho Tavares
Veritati - Repositório Institucional da Universidade Católica Portuguesa
dc.contributor.author.fl_str_mv Marcelino, Maria João de Almeida
dc.subject.por.fl_str_mv Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description We study the relationship of sell-side analysts’ performance and their employment outcomes in the U.S. from 1983 to 2013. Analysts with a weak accuracy score are more likely to leave the job and less likely to experience a job-upgrade. Controlling for accuracy and experience, bolder and younger analysts are also more likely to experience job-termination. Additionally an Institutional Investors’ all-star has a lower chance of job-termination in case of a weak performance. Finally from 2003 onwards, after Wall Street’s regulation enforcement, employment outcome becomes less sensitive to an analyst’s past performance.
publishDate 2015
dc.date.none.fl_str_mv 2015-04-21T10:53:45Z
2015-03-04
2015
2015-03-04T00:00:00Z
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