scholarly journals Long-Term Growth Forecasts and Stock Recommendation Profitability

2011 ◽  
Author(s):  
Andreas Simon ◽  
John Nowland
Keyword(s):  
Stock Recommendation ◽  
Growth Forecasts

scholarly journals Long-term growth forecasts and stock recommendation profitability

2014 ◽  
Vol 22 (2) ◽  
pp. 163-190 ◽  
Author(s):  
Andreas Simon ◽  
John Nowland
Keyword(s):  
Stock Recommendation ◽  
Growth Forecasts

Do Financial Analysts’ Long-Term Growth Forecasts Matter? Evidence from Stock Recommendations and Career Outcomes

2011 ◽  
Author(s):  
Boochun Jung ◽  
Philip B. Shane ◽  
Sunny Yanhua Yang
Keyword(s):  
Financial Analysts ◽  
Career Outcomes ◽  
Stock Recommendations ◽  
Growth Forecasts

Financial Analystss Long-Term Growth Forecasts and Market Efficiency with Respect to Firmss Innovative Efficiency

2016 ◽  
Author(s):  
Jeff Zeyun Chen ◽  
Philip B. Shane ◽  
Joseph H Zhang
Keyword(s):  
Market Efficiency ◽  
Growth Forecasts

Estimating Systematic Risk With Long‐Term Growth Forecasts and Analyst Following

1992 ◽  
Vol 7 (2) ◽  
pp. 33-38
Author(s):  
Richard J. Dowen
Keyword(s):  
Systematic Risk ◽  
Analyst Following ◽  
Growth Forecasts

scholarly journals How Does the Market Interpret Analysts' Long-Term Growth Forecasts?

2005 ◽  
Vol 20 (2) ◽  
pp. 147-166 ◽  
Author(s):  
Steven A. Sharpe
Keyword(s):  
Price Ratio ◽  
Ratio Model ◽  
Forecast Horizon ◽  
Equity Analysts ◽  
Valuation Model ◽  
Price Earnings Ratio ◽  
Linear Regressions ◽  
Growth Forecasts

The long-term growth forecasts of equity analysts do not have well-defined horizons, an ambiguity of substantial import for many applications. I propose an empirical valuation model, derived from the Campbell-Shiller dividend-price ratio model, in which the forecast horizon used by the “market” can be deduced from linear regressions. Specifically, in this model, the horizon can be inferred from the elasticity of the price-earnings ratio with respect to the long-term growth forecast. The model is estimated on industry- and sector-level portfolios of S&P 500 firms over 1983-2001. The estimated coefficients on consensus long-term growth forecasts suggest that the market applies these forecasts to an average horizon somewhere in the range of 5 to 10 years.

Management Guidance and Analysts' Long Term Growth Forecasts

2008 ◽  
Author(s):  
Andreas Simon ◽  
Peter Clarkson ◽  
Irene Tutticci
Keyword(s):  
Management Guidance ◽  
Growth Forecasts

Do financial analysts' long-term growth forecasts matter? Evidence from stock recommendations and career outcomes

2012 ◽  
Vol 53 (1-2) ◽  
pp. 55-76 ◽  
Author(s):  
Boochun Jung ◽  
Philip B. Shane ◽  
Yanhua Sunny Yang
Keyword(s):  
Financial Analysts ◽  
Career Outcomes ◽  
Stock Recommendations ◽  
Growth Forecasts
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