What makes financial analysts so optimistic about their forecasts?

What makes financial analysts so optimistic about their forecasts?

Follow us:        

Faculty of Business and Economics (HEC Lausanne)

News
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.
Professor Daniel Oyon has been appointed to the board of the Federal Audit Oversight...
Daniel Oyon, a Full Professor in the Department of Accounting and Control at HEC Lausanne, UNIL, has been appointed by the Federal Council to the board of the Federal Audit Oversight Authority (FAOA) for a further four years. Professor Oyon represents academic circles on the board.
Best teacher awards: nine professors rewarded at HEC Lausanne
The Deanship of the Faculty of Business and Economics of the University of Lausanne recently presented its nine “HEC Lausanne Best Teacher Awards”, singling out teachers for the success of their courses as rated by students.
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.
Internef - CH-1015 Lausanne
Switzerland
Tel. +41 21 692 33 00
Fax +41 21 692 33 05
efmd-equis-accredited-logo.svg amba-accredited-logo.svg bsis-logo.svg qtem-logo.svg