Essays about: "Adrian Brun"

Found 2 essays containing the words Adrian Brun.

1. 1. Do Bold Prophecies Lead to Higher Profits?

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Adrian Brun; Carl Oscar Nyh; [2016]
   Keywords : Stock recommendations; Sell-side analysts; Herding; Regulation Fair Disclosure;

   Abstract : We find that non-herding ("bold") recommendations - defined as those deviating from last day's consensus by more than one level - had a greater investment value than herding recommendations prior to Regulation Fair Disclosure, which became effective in October, 2000. Indeed, a value-weighted portfolio that purchased S&P 100 companies with the most favourable consensus, made up of bold (all) recommendations, yielded a statistically significant (insignificant) annual abnormal gross return of 7. READ MORE

3. 2. Analysts' Forecast Accuracy in the United States: Optimistic and Pessimistic Bold Forecasts

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Adrian Brun; Carl Oscar Nyh; [2014]
   Keywords : Earnings per share forecasts; Sell-side analysts; Bold; Herding; Optimism;

   Abstract : This thesis examines earnings per share forecasts for U.S. companies, issued by sell-side analysts, within the time frame 1987-2012. We classify forecasts as herding or bold (non-herding), before dividing the latter into optimistic or pessimistic. READ MORE