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Do analysts pay attention to managerial sentiment? Evidence from analysts' following decisions and earnings forecasts

We examine the impact of managerial sentiment on analysts' following decisions and earnings forecast accuracy. By analyzing the textual tone of management discussion and analysis sections in annual reports to capture managerial sentiment, we find that when managerial sentiment is more positive, firm...

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主要な著者: Yongliang Zeng, Kam C. Chan, Yunzhu Chen, Lingjie Li
フォーマット: Artigo
言語:Inglês
出版事項: Elsevier 2023-03-01
シリーズ:Borsa Istanbul Review
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オンライン・アクセス:http://www.sciencedirect.com/science/article/pii/S2214845022000928
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