Mood and analyst optimism and accuracy
dc.contributor.author | Chang Y | |
dc.contributor.author | Hsu W | |
dc.coverage.spatial | Auckland, New Zealand | |
dc.date.issued | 2016-12 | |
dc.description.abstract | Does mood affect prediction performance? When analysts are in a positive (negative) mood, do they make more positively (negatively) biased and less (more) accurate forecasts? This study provides supportive evidence. Specifically, we find that analyst forecasts are more optimistic and have larger errors near holidays, but more pessimistic and have smaller errors when there is a disaster with significant fatalities. We further show that these results are neither driven by sentiment associated with contemporaneous economic or market conditions, nor by under-reaction or over-reaction to more bad news released on days immediately before weekends or holidays. | |
dc.format.extent | Jan-78 | |
dc.identifier.citation | https://acfr.aut.ac.nz/conferences-and-events/past-conferences-and-events/auckland-finance-meeting2/2016/academic-programme, 2016, pp. 1 - 78 | |
dc.identifier.elements-id | 287270 | |
dc.identifier.harvested | Massey_Dark | |
dc.identifier.uri | https://hdl.handle.net/10179/10442 | |
dc.relation.isPartOf | https://acfr.aut.ac.nz/conferences-and-events/past-conferences-and-events/auckland-finance-meeting2/2016/academic-programme | |
dc.relation.uri | https://acfr.aut.ac.nz/conferences-And-events/past-conferences-and-events/auckland-finance-meeting/academic-programme-for-afm-2016 | |
dc.source | 2016 Auckland Finance Meeting | |
dc.subject | forecast optimism | |
dc.subject | forecast accuracy | |
dc.subject | mood | |
dc.subject | analysts | |
dc.title | Mood and analyst optimism and accuracy | |
dc.type | conference | |
pubs.confidential | FALSE | |
pubs.finish-date | 18/12/2016 | |
pubs.notes | Not known | |
pubs.organisational-group | /Massey University | |
pubs.organisational-group | /Massey University/Massey Business School | |
pubs.organisational-group | /Massey University/Massey Business School/School of Economics and Finance | |
pubs.start-date | 16/12/2016 |
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