DO ANALYSTS WHO MOVE MARKETS HAVE BETTER CAREERS?

Vadim S. Balashov

Journal of Financial Research, 2018, vol. 41, issue 2, 181-212

Abstract: In this article I investigate the association between analysts’ ability to issue influential recommendations and their career outcomes. The fraction of recommendations that are defined as influential are linked to a higher probability of an analyst moving to a higher status brokerage house, and a lower probability of either being demoted to a lower status brokerage house or leaving the profession. Analysts who more often issue influential recommendations also have a higher chance of being ranked by Institutional Investor All†America, having longer careers, and experiencing lower job turnover compared to peers.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jfnres:v:41:y:2018:i:2:p:181-212

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