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Abstract: This paper examines the relationship between security analysts'
career outcomes and their forecast accuracy. We hypothesize that analysts rely on
information gained from private contacts within the management of the firms that they
follow in order to make earnings forecasts. We test this by looking at the impact a change
in the quality of the brokerage house that employs an analyst ... read morehas on her forecast error. We
find that a move up in quality leads to a lower forecast error, although the evidence in
our paper does not provide clear proof that the lower forecast error is a causal effect of
the change in quality of employer.
Thesis (M.S.)--Tufts University, 2012.
Submitted to the Dept. of Economics.
Advisor: Edward Kutsoati.
Committee: Marcelo Bianconi, and David Garman.
Keywords: Economics, and Finance.read less