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dc.creatorBlasco de las Heras, Natividades_ES
dc.creatorCorredor Casado, María Pilares_ES
dc.creatorFerrer Zubiate, Elenaes_ES
dc.date.accessioned2021-03-15T10:23:39Z
dc.date.available2021-03-15T10:23:39Z
dc.date.issued2018
dc.identifier.issn1466-4283 (Electronic)
dc.identifier.urihttps://hdl.handle.net/2454/39413
dc.description.abstractHerding 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.sponsorshipThis 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.extent3 p.
dc.format.mimetypeapplication/pdfen
dc.language.isoengen
dc.publisherRoutledgeen
dc.relation.ispartofApplied Economics, 2018, 50(51), 5495-5509en
dc.rights© 2018 Informa UK Limited, trading as Taylor & Francis Groupen
dc.subjectHerdingen
dc.subjectInvestor sentimenten
dc.subjectAnalyst forecastsen
dc.subjectHard-to-value firmsen
dc.subjectBehavioural financeen
dc.titleAnalysts herding: when does sentiment matter?en
dc.typeinfo:eu-repo/semantics/articleen
dc.typeArtículo / Artikuluaes
dc.contributor.departmentUniversidad Pública de Navarra. Departamento de Gestión de Empresases_ES
dc.contributor.departmentNafarroako Unibertsitate Publikoa. Enpresen Kudeaketa Sailaeu
dc.contributor.departmentUniversidad Pública de Navarra / Nafarroako Unibertsitate Publikoa. Inarbe - Institute for Advanced Research in Business and Economicses_ES
dc.rights.accessRightsinfo:eu-repo/semantics/openAccessen
dc.rights.accessRightsAcceso abierto / Sarbide irekiaes
dc.identifier.doi10.1080/00036846.2018.1486999
dc.relation.projectIDinfo:eu-repo/grantAgreement/ES/1PE/ECO2013-45568-Ren
dc.relation.projectIDinfo:eu-repo/grantAgreement/ES/1PE/ECO2016-77631-Ren
dc.relation.publisherversionhttps://doi.org/10.1080/00036846.2018.1486999
dc.type.versioninfo:eu-repo/semantics/acceptedVersionen
dc.type.versionVersión aceptada / Onetsi den bertsioaes


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