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- All HBS Web (221)
- Faculty Publications (89)
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- 07 Jul 2009
- First Look
First Look: July 7
Missing Quarterly Analysts Forecasts (revised) Authors:Richard Mergenthaler, Shiva Rajgopal, and Suraj Srinivasan Abstract We find that missing the quarterly analyst consensus earnings View Details
Keywords: Martha Lagace
- 27 Mar 2018
- First Look
First Look at New Research, March 27, 2018
sell-side analysts employed at state-owned brokerages issued relatively optimistic earnings forecasts and stock recommendations during these periods. This relative optimism is particularly pronounced in... View Details
Keywords: Sean Silverthorne
- 08 Jan 2008
- First Look
First Look: January 8, 2008
and sales for our datasets) is positively correlated with both dispersion among experts' forecasts and scale: the variance increases sublinearly with dispersion and more than linearly with scale. Further, we use longitudinal datasets with... View Details
Keywords: Martha Lagace
- 25 Nov 2008
- First Look
First Look: November 25, 2008
buys significantly outperform its recent sells around subsequent earnings announcements. We find that mutual fund trades also forecast EPS surprises. The point estimates suggest that skilled trading around... View Details
Keywords: Martha Lagace
- 29 Aug 2006
- First Look
First Look: August 29, 2006
datasets) is positively correlated with dispersion among experts' forecasts. Further we use longitudinal datasets with sales forecasts made three-nine months before earnings report date for retailers and... View Details
Keywords: Sean Silverthorne
- 28 May 2013
- Research & Ideas
Can LEGO Snap Together a Future in Asia?
colossal tumble. A recapitalization of the company led to a fairy-tale rebound as the group returned to selling its core building sets. LEGO earned $1.0 billion as sales approached $3.5 billion in 2011, and in 2012, it overtook Hasbro as... View Details
- 11 Apr 2017
- First Look
First Look at New Research, April 11
banking analysts issue early in the year relatively more optimistic and later in the year more pessimistic forecasts for banks that could be their future employers. This pattern is not observed when the same analysts View Details
- 20 Feb 2007
- First Look
First Look: February 20, 2007
(forthcoming) Abstract Abarbanell and Lehavy (2006) examine the effect of distributional properties of earnings and forecast data used by researchers who investigate 'Street' earnings. They perform a large... View Details
Keywords: Martha Lagace
- 24 Jan 2012
- First Look
First Look: Jan. 24
information environment quality, forecast horizon, sample composition, and tests of earnings management. Read the paper: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1264101 Wider dem sauren Mund.... View Details
Keywords: Sean Silverthorne
- 17 Apr 2007
- First Look
First Look: April 17, 2007
trusted groups—in this study, African-Americans— find it particularly difficult to overcome the barriers erected by trust. Trust, we conclude, confers competitive advantage by slowing down the diffusion of new ideas and products in the economy. As trust is built up... View Details
Keywords: Martha Lagace
- 06 Dec 2016
- First Look
December 6, 2016
Termism' and the Puzzle of Only Occasional Disaster By: Rahmandad, Hazhir, Rebecca Henderson, and Nelson P. Repenning Abstract—Much recent work in strategy and popular discussion suggests that an excessive focus on "managing the numbers"—delivering quarterly... View Details
Keywords: Sean Silverthorne
- 28 Sep 2010
- First Look
First Look: September 28, 2010
document that the improvement in the information environment is driven both by information and comparability effects. These results are robust to variations in the measurement of information environment quality, forecast horizon, sample... View Details
Keywords: Sean Silverthorne
- 12 Jul 2011
- First Look
First Look: July 12
debt issuers deteriorates during credit booms, and that this deterioration forecasts low excess returns to corporate bondholders. The key insight is that changes in the pricing of credit risk disproportionately affect the financing costs... View Details
Keywords: Carmen Nobel
- 24 Jan 2017
- First Look
First Look at New Research: January 24, 2017
earnings patterns. Firms with historically larger earnings in one quarter of the year (“positive seasonality quarters”) have higher returns when those earnings are usually... View Details
Keywords: Sean Silverthorne
- 20 Dec 2011
- First Look
First Look: December 20
The Wall Street Journal. We find no evidence that compensation is related to earnings forecast accuracy. But consistent with prior studies, we find analyst turnover to be related to View Details
Keywords: Carmen Nobel
- 12 Jul 2010
- Research & Ideas
Rocket Science Retailing: A Practical Guide
do managers forecast total revenue? You can get a sense of that from looking at investment analysts' forecasts. While it is true that managers have information that analysts lack, analysts' estimates and management's guidance on View Details
- 03 Dec 2015
- Op-Ed
How "New Nuclear" Power Could Save the Planet—If Regulators Would Allow It
Leaders from some 150 nations have convened in Paris this week for the COP21 conference with a singular goal: to fight the global threat of climate change. Each of them have brought to Paris their own national plan for reducing greenhouse gas emissions that drive... View Details
- 09 May 2011
- Research & Ideas
Moving From Bean Counter to Game Changer
top management level." Mikes began her research in 2005 in England, where she earned her PhD from the London School of Economics. (Hall and Millo are both employed there.) Within five years, she had interviewed 60 risk management... View Details
- 06 Sep 2022
- Research & Ideas
Curbing an Unlikely Culprit of Rising Drug Prices: Pharmaceutical Donations
Inflation Reduction Act, which aims to constrain price growth of existing drugs, cap seniors’ out-of-pocket drug spending, and eventually enable drug price negotiations, Dafny says. While “it's a little too soon to forecast the impact of... View Details
- 28 Oct 2014
- First Look
First Look: October 28
are less responsive to changes in investment opportunities, especially in industries in which stock prices are most sensitive to earnings news. These findings are consistent with the notion that short-termist pressures distort investment... View Details
Keywords: Carmen Nobel