Rising and Senior Stars in European Financial Analyst Rankings: The Talented and the Famous

dc.contributor.author	Gresse, Carole
dc.contributor.author	Porteu de la Morandière, Laurence
dc.date.accessioned	2014-10-29T15:39:56Z
dc.date.available	2014-10-29T15:39:56Z
dc.date.issued	2014-07
dc.identifier.uri	https://basepub.dauphine.fr/handle/123456789/14068
dc.language.iso	en	en
dc.subject	Analyst forecasts	en
dc.subject	Analyst rankings	en
dc.subject	Reputation	en
dc.subject	Analyst recommendations	en
dc.subject.ddc	332	en
dc.subject.classificationjel	G17	en
dc.title	Rising and Senior Stars in European Financial Analyst Rankings: The Talented and the Famous	en
dc.type	Document de travail / Working paper
dc.description.abstracten	Using Institutional Investors (I/I) and Extel rankings and I/B/E/S data for European analysts over 15 years, we show that European analyst rankings are determined more by popularity than by intrinsic skills, the first determinant of recognition being employer size. Becoming an I/I star is like joining a club: talent for issuing high-quality recommendations is required to be initially ranked but is irrelevant to being re-elected or reaching the top level. Our findings also underline the importance of analyst rankings’ design features. These features could probably be improved by reducing the impact of recognition in the election process.	en
dc.identifier.citationpages	40	en
dc.identifier.urlsite	http://ssrn.com/abstract=2474544	en
dc.subject.ddclabel	Economie financière	en
dc.description.submitted	non	en

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