Essec\Faculty\Model\Contribution {#2190
  #_index: "academ_contributions"
  #_id: "13050"
  #_source: array:26 [
    "id" => "13050"
    "slug" => "speed-and-expertise-in-stock-picking-older-slower-and-wiser"
    "yearMonth" => "2022-06"
    "year" => "2022"
    "title" => "Speed and Expertise in Stock Picking: Older, Slower, and Wiser?"
    "description" => "BOULLAND, R., ORNTHANALAI, C. et WOMACK, K.L. (2022). Speed and Expertise in Stock Picking: Older, Slower, and Wiser? <i>Journal of Financial and Quantitative Analysis</i>, 58(4), pp. 1612-1644."
    "authors" => array:3 [
      0 => array:3 [
        "name" => "BOULLAND Romain"
        "bid" => "B00290634"
        "slug" => "boulland-romain"
      ]
      1 => array:1 [
        "name" => "ORNTHANALAI Chayawat"
      ]
      2 => array:1 [
        "name" => "WOMACK Kent L."
      ]
    ]
    "ouvrage" => ""
    "keywords" => []
    "updatedAt" => "2023-08-25 09:00:38"
    "publicationUrl" => "https://doi.org/10.1017/S0022109022000199"
    "publicationInfo" => array:3 [
      "pages" => "1612-1644"
      "volume" => "58"
      "number" => "4"
    ]
    "type" => array:2 [
      "fr" => "Articles"
      "en" => "Journal articles"
    ]
    "support_type" => array:2 [
      "fr" => "Revue scientifique"
      "en" => "Scientific journal"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "There are significant differences among sell-side analysts in how frequently they revise recommendations. We show that much of this variation is an analyst-individual trait. Analysts who change recommendations more slowly make recommendations that are more influential and generate better portfolio returns. Slower-revising analysts tend to change recommendations following corporate news that are harder to interpret by non-stock experts, and our evidence suggests that their investment value derives from their ability to better interpret hard-to-assess information. On average, analysts change recommendations less frequently as their career progresses; however, recommendation speed-style is the dominant predictor of their recommendation value."
      "en" => "There are significant differences among sell-side analysts in how frequently they revise recommendations. We show that much of this variation is an analyst-individual trait. Analysts who change recommendations more slowly make recommendations that are more influential and generate better portfolio returns. Slower-revising analysts tend to change recommendations following corporate news that are harder to interpret by non-stock experts, and our evidence suggests that their investment value derives from their ability to better interpret hard-to-assess information. On average, analysts change recommendations less frequently as their career progresses; however, recommendation speed-style is the dominant predictor of their recommendation value."
    ]
    "authors_fields" => array:2 [
      "fr" => "Finance"
      "en" => "Finance"
    ]
    "indexedAt" => "2024-04-19T18:21:56.000Z"
    "docTitle" => "Speed and Expertise in Stock Picking: Older, Slower, and Wiser?"
    "docSurtitle" => "Journal articles"
    "authorNames" => "<a href="/cv/boulland-romain">BOULLAND Romain</a>, ORNTHANALAI Chayawat, WOMACK Kent L."
    "docDescription" => "<span class="document-property-authors">BOULLAND Romain, ORNTHANALAI Chayawat, WOMACK Kent L.</span><br><span class="document-property-authors_fields">Finance</span> | <span class="document-property-year">2022</span>"
    "keywordList" => ""
    "docPreview" => "<b>Speed and Expertise in Stock Picking: Older, Slower, and Wiser?</b><br><span>2022-06 | Journal articles </span>"
    "docType" => "research"
    "publicationLink" => "<a href="https://doi.org/10.1017/S0022109022000199" target="_blank">Speed and Expertise in Stock Picking: Older, Slower, and Wiser?</a>"
  ]
  +lang: "en"
  +"_type": "_doc"
  +"_score": 8.910406
  +"parent": null
}