Meetings between analysts and corporate managers in Sweden: why do they exist?

Gunnar Wahlstrom

International Journal of Critical Accounting, 2010, vol. 2, issue 4, 437-457

Abstract: The purpose of this article is, from the perspective of the financial analyst working in Sweden, to explain why financial analysts and managers hold private meetings. In the study, 25 financial analysts have been interviewed using a semi-structured approach. The findings reveal that the primary determinant of the fair value of a business and/or its shares or stock is based on the gut feeling of financial analysts. This, in turn, is based on years of experience, knowledge about the company, industry specialisations and so forth. Financial quantification achieved by the application of models and statistics plays a minor role and although it is not used for determining valuations, it does have applications in terms of rationalising, validating and justifying valuation assessment. To bolster their gut feelings analysts need person-to-person meetings with corporate managers. Both parties use such meetings to influence valuation assessment.

Keywords: financial analysts; private meetings; disclosure; Sweden; corporate managers; valuation assessment. (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=36180 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijcrac:v:2:y:2010:i:4:p:437-457

Access Statistics for this article

More articles in International Journal of Critical Accounting from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().