Tournaments of financial analysts
We argue that financial analysts can be viewed as participants of two tournaments (the “All-star” tournament and the intrafirm tournament) and examine whether analysts are incentivized by the tournament compensation structure. Using data from 1991 to 2007, we find that interim losers are more likely...
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Main Authors: | Yin, Huifang, Zhang, Huai |
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Other Authors: | Nanyang Business School |
Format: | Article |
Language: | English |
Published: |
2013
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Subjects: | |
Online Access: | https://hdl.handle.net/10356/95737 http://hdl.handle.net/10220/9434 |
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Institution: | Nanyang Technological University |
Language: | English |
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