Rationality and Analysts' Forecast Bias

Herd Behavior and Investment

1990 • 2,877 citations

Cross-Sectional Determinants of Analyst Ratings of Corporate Disclosures

1993 • 2,760 citations

Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies

2000 • 2,607 citations

Estimation with Quadratic Loss

1992 • 2,391 citations

Conflict of Interest and the Credibility of Underwriter Analyst Recommendations

1999 • 1,595 citations

Signalling by underpricing in the IPO market

1989 • 1,463 citations

Underwriting relationships, analysts' earnings forecasts and investment recommendations

1998 • 1,318 citations

Security Analysts' Career Concerns and Herding of Earnings Forecasts

2000 • 1,146 citations

Tests of Analysts' Overreaction/Underreaction to Earnings Information as an Explanation for Anomalous Stock Price Behavior

1992 • 1,022 citations

Inefficiency in Analysts' Earnings Forecasts: Systematic Misreaction or Systematic Optimism?

1999 • 776 citations

Analysts' Decisions As Products of a Multi-Task Environment

1993 • 751 citations

Do Security Analysts Overreact

1990 • 735 citations

Earnings Predictability and Bias in Analysts' Earnings Forecasts

2016 • 586 citations

Do analysts' earnings forecasts incorporate information in prior stock price changes?

1991 • 521 citations

Evidence on the Possible Underweighting of Earnings-Related Information

1991 • 368 citations

Security Analyst Multi-Year Earnings Forecasts and the Capital Market

1985 • 339 citations

Predicting Individual Analyst Earnings Forecasts

1990 • 278 citations

Are Financial Analysts' Forecasts of Corporate Profits Rational?

1998 • 245 citations

Using Value Line and IBES Analyst Forecasts in Accounting Research

1991 • 224 citations

A direct test of the cognitive bias theory of share price reversals

1990 • 218 citations

Analysts' Interim Earnings Forecasts: Evidence on the Forecasting Process

1994 • 188 citations

The Relation between Analysts' Forecasts of Long-Term Earnings Growth and Stock Price Performance Following Equity Offerings

1999 • 130 citations

Information Quality and Market Efficiency

1988 • 121 citations

PRIOR UNCERTAINTY, ANALYST BIAS, AND SUBSEQUENT ABNORMAL RETURNS

1997 • 120 citations

Optimism Biases among Brokerage and Non-Brokerage Firms' Equity Recommendations: Agency Costs in the Investment Industry

1998 • 114 citations

Forecast selection when all forecasts are not equally recent

1991 • 84 citations

Rational Bias in Macroeconomic Forecasts

1997 • 34 citations

Are Earnings Surprises Predictable?

1993 • 15 citations

The Influences of Size on Earnings Surprise Predictability

1993 • 14 citations