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022			_a2380-2154
040			_cOCT
100			_aBratten, Brian
240			_aJournal of Financial Reporting / _hSpring 2024
245			_aHow do individual analyst characteristics affect analyst performance? _cBrian Bratten and Stephannie Larocque
300			_aVol 9 (1) pages 51-71 : _billustrations ; _c28 cm
500			_aABSTRACT: Motivated by research from the late 1990s and early 2000s, researchers often examine analyst performance as a function of individual analyst characteristics using variables representing analysts' experience, busyness, and resources. Studies make different choices for variable construction and fixed effects, sometimes with varying results, suggesting there is no standard approach to evaluating the effect of analyst characteristics. We reproduce analyses from two early studies (Clement (1999) and Clement and Tse (2003)) and extend these analyses to a more recent sample period and across different methodological approaches and alternative analyst performance measures. We provide robust evidence that analyst experience is positively associated with earnings forecast accuracy but that associations for analyst resources and busyness are sensitive to variable measurement and fixed effect choices. Our results can inform accounting and finance scholars examining analyst performance as they consider which analyst characteristics to include and how to test the robustness of their findings.
650			_aAnalysts
650			_aForecasts
650			_aAccuracy
650			_aCharacteristics
650			_aPerformance
700			_aLarocque, Stephannie
942			_2ddc _cCR _n0
999			_c9933 _d9933