Publication: Analysts herding: when does sentiment matter?
| dc.contributor.author | Blasco de las Heras, Natividad | |
| dc.contributor.author | Corredor Casado, María Pilar | |
| dc.contributor.author | Ferrer Zubiate, Elena | |
| dc.contributor.department | Enpresen Kudeaketa | eu |
| dc.contributor.department | Institute for Advanced Research in Business and Economics - INARBE | en |
| dc.contributor.department | Gestión de Empresas | es_ES |
| dc.date.accessioned | 2021-03-15T10:23:39Z | |
| dc.date.available | 2021-03-15T10:23:39Z | |
| dc.date.issued | 2018 | |
| dc.description.abstract | Herding among analysts emerges when analysts give priority to their peers’ opinions instead of their own beliefs or information. Some circumstances may enhance or restrain this type of behaviour. We postulate that market sentiment is one of them. This article analyses the effect that investor sentiment may have on analysts’ herding behaviour in the U.K. Our results suggest that ‘easy situations’ such as analysing easy-to-value securities and releasing optimistic information at times of high market sentiment clearly reduce herding practices, whereas herding clearly increases in difficult situations when analysts have to release negative information at moments of high investor sentiment. | en |
| dc.description.sponsorship | This article has received financial support from the Spanish Ministry of Economy and Competitiveness (ECO2016-77631-R (AEI/FEDER, UE) and ECO2013-45568-R), and the Government of Aragón/European Social Fund (S14/2). | en |
| dc.format.extent | 3 p. | |
| dc.format.mimetype | application/pdf | en |
| dc.identifier.doi | 10.1080/00036846.2018.1486999 | |
| dc.identifier.issn | 1466-4283 (Electronic) | |
| dc.identifier.uri | https://academica-e.unavarra.es/handle/2454/39413 | |
| dc.language.iso | eng | en |
| dc.publisher | Routledge | en |
| dc.relation.ispartof | Applied Economics, 2018, 50(51), 5495-5509 | en |
| dc.relation.projectID | info:eu-repo/grantAgreement/MINECO//ECO2013-45568-R/ES/ | en |
| dc.relation.projectID | info:eu-repo/grantAgreement/ES/1PE/ECO2016-77631-R | en |
| dc.relation.publisherversion | https://doi.org/10.1080/00036846.2018.1486999 | |
| dc.rights | © 2018 Informa UK Limited, trading as Taylor & Francis Group | en |
| dc.rights.accessRights | info:eu-repo/semantics/openAccess | en |
| dc.rights.accessRights | Acceso abierto / Sarbide irekia | es |
| dc.subject | Herding | en |
| dc.subject | Investor sentiment | en |
| dc.subject | Analyst forecasts | en |
| dc.subject | Hard-to-value firms | en |
| dc.subject | Behavioural finance | en |
| dc.title | Analysts herding: when does sentiment matter? | en |
| dc.type | info:eu-repo/semantics/article | |
| dc.type.version | info:eu-repo/semantics/acceptedVersion | en |
| dc.type.version | Versión aceptada / Onetsi den bertsioa | es |
| dspace.entity.type | Publication | |
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