与时间相伴：分析师坚持不懈努力的回报

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-10-03 DOI:10.1016/j.frl.2025.108631

Ming Jin, Chenzhe Zhai

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引用次数: 0

摘要

本文从时间的角度讨论了分析师坚持的积极影响，并关注分析师为提高预测能力所做的长期努力。我们发现持续覆盖上市公司可以显著降低分析师的预测偏差。我们确认，长期主义者的努力是有价值的。应该鼓励着眼于长期的行为，而不是短视的从众行为，而坚持不懈的努力将使分析师自己受益。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Dwell in the company of time: Rewards from analysts' persistent efforts

This paper discusses the positive impact of analysts' persistence from a temporal perspective and focus on analysts' long-term efforts to enhance their forecasting capabilities. We find that continuous coverage of listed companies can significantly reduce analysts' forecasting bias. We confirm that there is value in the efforts of a long-termist. Behavior focused on the long term should be encouraged over short-sighted herd behavior, and the persistent effort will benefit the analysts themselves.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance