We document that textual discussions in a sample of 363,952 analyst reports provide
information to investors beyond that in the contemporaneously released earnings forecasts …

Psychological evidence indicates that decision quality declines after an extensive session of
decision-making, a phenomenon known as decision fatigue. We study whether decision …

We examine the improvements in forecast accuracy that result from analysts' visits to listed
companies. We find that company visits significantly enhance the accuracy of the analysts' …

We examine changes in the scope of the sell‐side analyst industry and whether these
changes impact information dissemination and the quality of analysts' reports. Our findings …

We study how sophisticated investors, when faced with shocks to information environment,
change their information acquisition and trading behavior, and how these changes in turn …

We provide the first comprehensive analysis of the properties of investment
recommendations generated by “Robo-Analysts,” which are human analyst-assisted …

We investigate three potential channels of analyst value creation: improving fundamental
performance through monitoring, reducing information asymmetry, and increasing investor …

Data mining is quite common in econometric modeling when a given dataset is applied
multiple times for the purpose of inference; it in turn could bias inference. Given the …

This paper investigates how environmental regulation and action affect analyst behaviour.
Exploiting staggered enactment of low carbon city (LCC) initiatives in a difference-in …

Dominant theorisations of investment decision making remain firmly wedded to the notion of
economic rationality, either as a postulate of how financial actors actually behave or as a …