• Publications
  • Influence
International GAAP Differences - The Impact on Foreign Analysts
This paper investigates the relation between differences in accounting standards across countries and foreign analyst following and forecast accuracy. We develop two measures of differences inExpand
  • 419
  • 67
International GAAP Differences - The Impact on Foreign Analysts
This paper investigates the relation between differences in accounting standards across countries and foreign analyst following and forecast accuracy. We develop two measures of differences inExpand
  • 374
  • 52
Do Local Analysts Know More? A Cross-Country Study of the Performance of Local Analysts and Foreign Analysts
This paper examines whether analysts resident in a country make more precise earnings forecasts for firms in that country than analysts who are not resident in that country. Using a sample of 32Expand
  • 276
  • 35
  • PDF
Analyst Following and Forecast Accuracy After Mandated IFRS Adoptions
This study investigates how accounting harmonization affects one particular group of financial statement users—financial analysts. We find that mandatory International Financial Reporting StandardsExpand
  • 276
  • 19
Do Foreigners Facilitate Information Transmission in Emerging Markets
Using the degree of accessibility of foreign investors to emerging stock markets, or investibility, as a proxy for the extent of foreign investments, we assess whether investibility has a significantExpand
  • 135
  • 17
  • PDF
Analyst Target Price Optimism Around the World
We examine the determinants of the well-documented optimism in analysts’ target prices using unique analyst location data for 11,633 analysts located in 44 countries covering 17,353 firms around theExpand
  • 31
  • 9
  • PDF
Do Local Analysts Know More? A Cross-Country Study of the Performance of Local Analysts and Foreign Analysts
This paper examines whether analysts resident in a country make more precise earnings forecasts for firms in that country than analysts who are not resident in that country. Using a sample of 32Expand
  • 248
  • 4
  • PDF
The Effects of Analyst-Country Institutions on Biased Research: Evidence from Target Prices
Prior research demonstrates that a strong institutional infrastructure in a country moderates self‐serving behavior of market participants. Cross‐country economic activities have increasedExpand
  • 8
  • 2
Do Foreigners Facilitate Information Transmission ? ∗
Using the degree of accessibility in emerging markets, or investibility, as a proxy to measure of the severity of the market frictions affecting a stock in local markets, we assess whetherExpand
  • 7
  • 2
  • PDF
Geographic Proximity and Analyst Coverage Decisions: Evidence from IPOs
Using hand-collected data on analyst locations, we study how geographic proximity affects analyst coverage decisions for U.S. firms that went public during 1996–2009, along with the impact of localExpand
  • 51
  • 1