Social skills are important but difficult to measure. So far, few empirical studies have examined the effect of social on performance professionals. Using number LinkedIn connections as a proxy for skills, we investigate financial analysts’ their performance. We use multiple ways validate measure and show that analysts with better produce more accurate earnings forecasts stock recommendations e...

This paper studies market and analyst reactions to earnings (i) during a proxy contest for board seats and (ii) after a proxy-contest-induced management change. Despite indications of earnings management during the proxy contest, market and analyst reactions are more pronounced than in prior periods, and earnings surprises explain more of the cross-sectional variation in these reactions. Market...

Prior literature observes that information uncertainty exacerbates investor underreaction behavior. In this paper, I investigate whether, as professional investment intermediaries, sellside analysts suffer more behavioral biases in cases of greater information uncertainty. I show that greater information uncertainty predicts more positive (negative) forecast errors and subsequent forecast revis...

Abstract We analyze whether industry competition influences analyst coverage decisions and analysts benefit from covering product market competitors. find that are more likely to cover a firm when this competes with firms already covered by the analyst. also intensity of among these competitors is additionally important decision. Moreover, we who obtain star status. These results consistent imp...