dc.contributor.author | Pursiainen, Vesa | de |
dc.date.accessioned | 2024-02-07T12:56:34Z | |
dc.date.available | 2024-02-07T12:56:34Z | |
dc.date.issued | 2022 | de |
dc.identifier.issn | 0022-1082 | de |
dc.identifier.uri | https://www.ssoar.info/ssoar/handle/document/91986 | |
dc.description.abstract | A more positive cultural trust bias by an equity analyst's country of origin toward a firm's headquarter country is associated with significantly more positive stock recommendations. The cultural bias effect is stronger for eponymous firms whose names mention their home country and varies over time, increasing with negative sentiment. I find evidence of a negative North-South bias during the European debt crisis and United Kingdom-Europe divergence amid Brexit. Share price reactions to recommendations by more biased analysts are weaker, and more biased recommendations are worse predictors of monthly stock returns. More positively biased analysts also assign higher target prices. | de |
dc.language | en | de |
dc.subject.ddc | Wirtschaft | de |
dc.subject.ddc | Economics | en |
dc.subject.ddc | Psychologie | de |
dc.subject.ddc | Psychology | en |
dc.subject.other | Eurobarometer 1996-2018 | de |
dc.title | Cultural Biases in Equity Analysis | de |
dc.description.review | begutachtet (peer reviewed) | de |
dc.description.review | peer reviewed | en |
dc.source.journal | Journal of Finance | |
dc.source.volume | 77 | de |
dc.publisher.country | USA | de |
dc.source.issue | 1 | de |
dc.subject.classoz | Volkswirtschaftstheorie | de |
dc.subject.classoz | National Economy | en |
dc.subject.classoz | Sozialpsychologie | de |
dc.subject.classoz | Social Psychology | en |
dc.subject.thesoz | Eurobarometer | de |
dc.subject.thesoz | Eurobarometer | en |
dc.subject.thesoz | Vorurteil | de |
dc.subject.thesoz | prejudice | en |
dc.subject.thesoz | kulturelle Faktoren | de |
dc.subject.thesoz | cultural factors | en |
dc.subject.thesoz | Aktienmarkt | de |
dc.subject.thesoz | stock market | en |
dc.subject.thesoz | Herkunftsland | de |
dc.subject.thesoz | country of origin | en |
dc.subject.thesoz | Unternehmen | de |
dc.subject.thesoz | enterprise | en |
dc.subject.thesoz | Aktienkurs | de |
dc.subject.thesoz | stock quotation | en |
dc.identifier.urn | urn:nbn:de:0168-ssoar-91986-6 | |
dc.rights.licence | Creative Commons - Namensnennung, Nicht kommerz., Keine Bearbeitung 4.0 | de |
dc.rights.licence | Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0 | en |
ssoar.contributor.institution | FDB | de |
internal.status | formal und inhaltlich fertig erschlossen | de |
internal.identifier.thesoz | 10083052 | |
internal.identifier.thesoz | 10041740 | |
internal.identifier.thesoz | 10045240 | |
internal.identifier.thesoz | 10034970 | |
internal.identifier.thesoz | 10046551 | |
internal.identifier.thesoz | 10039009 | |
internal.identifier.thesoz | 10034967 | |
dc.type.stock | article | de |
dc.type.document | Zeitschriftenartikel | de |
dc.type.document | journal article | en |
dc.source.pageinfo | 163-211 | de |
internal.identifier.classoz | 1090301 | |
internal.identifier.classoz | 10706 | |
internal.identifier.journal | 2769 | |
internal.identifier.document | 32 | |
internal.identifier.ddc | 330 | |
internal.identifier.ddc | 150 | |
dc.identifier.doi | https://doi.org/10.1111/jofi.13095 | de |
dc.description.pubstatus | Veröffentlichungsversion | de |
dc.description.pubstatus | Published Version | en |
internal.identifier.licence | 20 | |
internal.identifier.pubstatus | 1 | |
internal.identifier.review | 1 | |
internal.pdf.valid | false | |
internal.pdf.wellformed | true | |
internal.pdf.encrypted | false | |