This paper develops a taxonomy of research examining the role of financial analysts in
capital markets. The paper builds on the perspectives provided by Schipper [Schipper …

The international business (IB) literature has widely recognized political forces as major
factors that complicate the strategic decisions of multinational enterprises (MNEs). Analyses …

We examine the influence on managerial risk taking of incentives due to employment risk
and due to compensation. Our empirical investigation of the risk taking behavior of mutual …

We examine whether attribution bias leads managers who have experienced short-term
forecasting success to become overconfident in their ability to forecast future earnings …

This paper investigates whether there are systematic differences between the forecasting
style and abilities of female and male analysts, and whether market participants recognize …

We examine the relation between analyst forecast characteristics and the cost of debt
financing. Consistent with the view that the information contained in analysts' forecasts is …

This surveys reviews research regarding the role of financial analysts in capital markets. The
survey builds on the perspectives provided by Schipper (1991) and Brown (1993). We …

We examine whether the quality differentials in earnings forecasts between reputable and
nonreputable analysts vary with the severity of conflicts of interest. We measure personal …

We investigate whether and how the complexity of derivatives influences analysts׳ earnings
forecast properties. Using a difference-in-differences design, we find that, relative to a …

We develop a unified model of the interactions among investors, fund companies, and fund
managers. We show that the interplay between a manager's incentives from her …