Services play an important role in business interactions among partnerships forming value-creating service networks. A central problem in service network design is to analyze participants’ behavior and optimize their value. In this paper, we propose a simulation model to evaluate the long-term impact of changes to resources and predict the performance of service networks. Successful predictions...

This paper develops and tests procedures for identifying lead analysts based on the timeliness of analyst forecast revisions, the trading levels associated with these revisions, and forecast accuracy. Our framework provides an objective assessment of analyst quality that differs from the standard approach that uses survey evidence to rate analysts. Using a sample of equity analysts, we find tha...

The Timing of Analysts’Earnings Forecasts and Investors Beliefs. The literature assumes that the timing and order of analysts’earnings forecasts is random. Ignoring strategic timing decisions of analysts may lead to inconsistent estimates of investors’beliefs. The paper analyzes the optimal timing strategies for analysts, and derives consistent estimates of investors’ beliefs, that are based on...