Analysts, Macroeconomic News, and the Benefit of Active In-House Economists

Analysts, Macroeconomic News, and the Benefit of Active In-House Economists

Although macroeconomic news has a major impact on corporate earnings, anecdotal evidence suggests that financial analyst research is inefficient with respect to such news. Examining analysts' earnings research, we find that they underreact to negative macroeconomic news. Analysts are not all eq...

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Bibliographic Details
Main Authors: HUGON, Artur, KUMAR, Alok, An-Ping LIN
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2016
Subjects:
sell-side analyst
forecast optimism
macroeconomist
GDP
price efficiency
Accounting
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/soa_research/1495
https://ink.library.smu.edu.sg/context/soa_research/article/2494/viewcontent/P_ID_52791_AnalystsMacroeconomicNewsBenefitEconomists_2015.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soa_research/1495
https://ink.library.smu.edu.sg/context/soa_research/article/2494/viewcontent/P_ID_52791_AnalystsMacroeconomicNewsBenefitEconomists_2015.pdf

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