Stock market shows greater reaction to forecasts by analysts with favorable surnames
Financial analysts whose surnames are perceived as favourable elicit stronger market reactions to their earnings forecasts, new research from Cass Business School has found. The researchers found that following the 9/11 terrorist attacks, market reactions weakened for forecasts from analysts with Middle Eastern surnames. They also found that following the French and German governments’ opposition Read more about Stock market shows greater reaction to forecasts by analysts with favorable surnames[…]