The behavioral basis of sell-side analysts’ herding

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The behavioral basis of sell-side analysts’ herding

Sell-side analysts move away from the prevailing consensus as their confidence increases. As their confidence falls, they herd toward the prevailing consensus. Confidence as well as the associated propensity to move away from the herd increase as firms become more difficult to analyze. This behavior...

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Bibliographic Details
Main Authors:	Durand, Robert, Limkriangkrai, M., Fung, L.
Format:	Journal Article
Published:	Elsevier Ltd 2014
Subjects:	Confidence Meta-cognition Sell-side analysts Behavioral finance
Online Access:	http://hdl.handle.net/20.500.11937/37768

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