What makes financial analysts so optimistic about their forecasts?

What makes financial analysts so optimistic about their forecasts?

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Faculty of Business and Economics (HEC Lausanne)

News
Baromètre conjoncturel (conjoncture romande et suisse) - n°96
Janvier 2020 | Evolution jusqu'au premier trimestre 2020
Prof. Enkelejd Hashorva has been appointed Associate Editor on the Editorial Board...
Enkelejd Hashorva, a Full Professor in the Department of Actuarial Science, has been appointed Associate Editor on the Editorial Board of the Spanish Journal of Statistics (SJS).
What makes financial analysts so optimistic about their forecasts?
Insights from research at HEC Lausanne-UNIL – It is commonly recognized that financial analysts tend to be too optimistic when forecasting stock prices, but why is it the case? That’s the question Prof. Alain Schatt from HEC Lausanne (UNIL) and his co-authors decided to tackle in a recent research project.
HEC Lausanne: 18 research projects secured funding in 2019
18 projects involving researchers from HEC Lausanne, University of Lausanne were selected for grant funding in 2019. The total support amount to over CHF 19 million, spread over several months or years, and will enable the researchers to create teams while working on their projects. This funding recognizes the excellence of the scientific research carried out at HEC Lausanne.
New exchange agreement with the Universidad del Pacífico in Peru
The International Relations Office at HEC Lausanne, University of Lausanne, has signed a new exchange agreement with the Universidad del Pacífico in Peru, expanding the range of destinations open to students to enhance their university experience and boost their CV.
Recent top publications
Caglio, A., Melloni G., Perego P., (2019). Informational Content and Assurance of Textual Disclosures: Evidence on Integrated Reporting. European Accounting Review, 1-29.
Chavez-Demoulin, V. Extreme quantile estimation for Beta-mixing time series and applications. Insurance: Mathematics and Economics.
Jondeau E., Zhang Q., Zhu X. (in press). Average skewness matters. Journal of Financial Economics.
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