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dc.contributor.authorHope, Ole-Kristian
dc.contributor.authorSu, Xijiang
dc.date.accessioned2022-04-29T12:51:16Z
dc.date.available2022-04-29T12:51:16Z
dc.date.created2021-12-06T14:50:26Z
dc.date.issued2021
dc.identifier.citationJournal of Corporate Finance. 2021, 70 .en_US
dc.identifier.issn0929-1199
dc.identifier.urihttps://hdl.handle.net/11250/2993450
dc.description.abstractThis study examines the effect of peer-level analyst transitions (i.e., switching between brokerage houses) on associated regular incumbent analysts' forecasting performance. We employ a difference-in-differences research design with analyst fixed effects and compare incumbent analysts of different groups within the same broker and same time periods. We find that incumbents who cover at least one common industry as the transiting analyst (i.e., affected incumbents) issue more accurate and timely forecasts after a transiting analyst arrives than incumbents who cover different industries (i.e., unaffected incumbents). Further, affected incumbents issue less accurate forecasts after a transiting analyst leaves than do unaffected incumbents. We also examine potential mechanisms of knowledge spillover and find some evidence that the effect is more salient when the transiting analyst switches from a larger brokerage house, has greater industry scope, or covers geographically linked firms.en_US
dc.description.abstractPeer-level analyst transitionsen_US
dc.language.isoengen_US
dc.publisherElsevieren_US
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internasjonal*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/deed.no*
dc.subjectPeer-level analyst transitionsen_US
dc.subjectLateral knowledge sharingen_US
dc.titlePeer-level analyst transitionsen_US
dc.title.alternativePeer-level analyst transitionsen_US
dc.typeJournal articleen_US
dc.typePeer revieweden_US
dc.description.versionacceptedVersionen_US
dc.rights.holderElsevieren_US
dc.source.pagenumber21en_US
dc.source.volume70en_US
dc.source.journalJournal of Corporate Financeen_US
dc.identifier.doi10.1016/j.jcorpfin.2021.102072
dc.identifier.cristin1965159
dc.source.articlenumber102072en_US
cristin.ispublishedtrue
cristin.fulltextpostprint
cristin.qualitycode2


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Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal