Concepedia

Analyst Recommendation Drift

Analyst Recommendation Drift is a market anomaly characterized by the systematic deviation in the aggregate recommendations of financial analysts over time, typically reflecting delayed or gradual revisions in sentiment that result in persistent forecast biases and predictable stock price movements.

54

Publications

6.4K

Citations

115

Authors

107

Institutions

Publications per year

2017–2026

14

Parents

Publications

54

Do Brokerage Analysts' Recommendations Have Investment Value?

Kent L. Womack · The Journal of Finance · 1996 · 1.8K citations

, , +17

It Depends on Where You Search: Institutional Investor Attention and Underreaction to News

Azi Ben-Rephael, Zhi Da, Ryan D. Israelsen · Review of Financial Studies · 2017 · 748 citations

, , +17

The Relative Informativeness of Analysts' Stock Recommendations and Earnings Forecast Revisions

Jennifer Francis, Leonard C. Soffer · Journal of Accounting Research · 1997 · 517 citations

, , +16

Do Brokerage Analysts' Recommendations Have Investment Value?

Kent L. Womack · The Journal of Finance · 1996 · 475 citations

, , +17

Do Analysts Herd? An Analysis of Recommendations and Market Reactions

Narasimhan Jegadeesh, Woojin Kim · Review of Financial Studies · 2009 · 364 citations · Full text

, , +14

1–5 of 54

Authors

115

  1. KL
    Kent L. Womack

    University of Toronto, Canada

    4 publications · 2.4K citations

    4

    h-index

  2. RW
    Russ Wermers

    European Corporate Governance Institute, Belgium

    3 publications · 479 citations

    3

    h-index

  3. NC
    Nerissa C. Brown

    University of Illinois Urbana-Champaign, United States

    3 publications · 479 citations

    3

    h-index

  4. PA
    Paul A. Wong

    University of California, Davis, United States

    3 publications · 64 citations

    3

    h-index

  5. NJ
    Narasimhan Jegadeesh

    Emory University, United States

    3 publications · 521 citations

    3

    h-index

1–5 of 115

Institutions

107

  1. European Corporate Governance Institute

    Brussels, Belgium

    6 h-index

    6 publications

    345 citations

  2. University of Toronto

    Toronto, Canada

    4 h-index

    4 publications

    603 citations

  3. Emory University

    Atlanta, United States

    3 h-index

    3 publications

    521 citations

  4. Cornell University

    Ithaca, United States

    3 h-index

    3 publications

    2K citations

  5. National Bureau of Economic Research

    Cambridge, United States

    3 h-index

    3 publications

    500 citations

  6. Huntsman (United States)

    The Woodlands, United States

    3 h-index

    3 publications

    95 citations

  7. Utah State University

    Logan, United States

    3 h-index

    3 publications

    95 citations

  8. The University of Texas at Dallas

    Richardson, United States

    3 h-index

    3 publications

    479 citations

1–8 of 107

Venues

  1. SSRN Electronic Journal

    Repository · 12 publications · 495 citations

    12

    h-index

  2. Journal of Banking & Finance

    4 publications · 196 citations

    4

    h-index

  3. International Review of Financial Analysis

    IRFA · 4 publications · 209 citations

    4

    h-index

  4. Journal of Accounting and Economics

    3 publications · 147 citations

    3

    h-index

  5. Management Science

    3 publications · 423 citations

    3

    h-index

1–5