Essec\Faculty\Model\Contribution {#2216
  #_index: "academ_contributions"
  #_id: "1107"
  #_source: array:26 [
    "id" => "1107"
    "slug" => "equity-analysts-and-the-markets-assessment-of-risk"
    "yearMonth" => "2012-12"
    "year" => "2012"
    "title" => "Equity Analysts and the Market's Assessment of Risk"
    "description" => "LUI, D., MARKOV, S. et TAMAYO, A. (2012). Equity Analysts and the Market's Assessment of Risk. <i>Journal of Accounting Research</i>, 50(5), pp. 1287-1317."
    "authors" => array:3 [
      0 => array:3 [
        "name" => "LUI Daphne"
        "bid" => "B00183502"
        "slug" => "lui-daphne"
      ]
      1 => array:1 [
        "name" => "MARKOV S."
      ]
      2 => array:1 [
        "name" => "TAMAYO A."
      ]
    ]
    "ouvrage" => ""
    "keywords" => array:5 [
      0 => "Equity analysts"
      1 => "Investment risk"
      2 => "Risk ratings"
      3 => "Factor loadings"
      4 => "Credit ratings"
    ]
    "updatedAt" => "2021-02-02 16:16:18"
    "publicationUrl" => "https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1475-679X.2012.00462.x"
    "publicationInfo" => array:3 [
      "pages" => "1287-1317"
      "volume" => "50"
      "number" => "5"
    ]
    "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" => "The traditional view of equity analysts is that they are a source of new information about future cash flows. We broaden this view by demonstrating that equity analysts are also a substantive source of new information about priced risk. In particular, we document that, when announced, changes in analyst risk ratings distinctly and significantly affect equity returns, and are generally followed by significant changes in Fama–French factor loadings. Also, while less frequent than credit rating changes, equity risk rating changes are timelier, and with a larger overall stock price impact than credit rating changes."
      "en" => "The traditional view of equity analysts is that they are a source of new information about future cash flows. We broaden this view by demonstrating that equity analysts are also a substantive source of new information about priced risk. In particular, we document that, when announced, changes in analyst risk ratings distinctly and significantly affect equity returns, and are generally followed by significant changes in Fama–French factor loadings. Also, while less frequent than credit rating changes, equity risk rating changes are timelier, and with a larger overall stock price impact than credit rating changes."
    ]
    "authors_fields" => array:2 [
      "fr" => "Comptabilité et Contrôle de Gestion"
      "en" => "Accounting and Management Control "
    ]
    "indexedAt" => "2024-11-19T12:21:49.000Z"
    "docTitle" => "Equity Analysts and the Market's Assessment of Risk"
    "docSurtitle" => "Journal articles"
    "authorNames" => "<a href="/cv/lui-daphne">LUI Daphne</a>, MARKOV S., TAMAYO A."
    "docDescription" => "<span class="document-property-authors">LUI Daphne, MARKOV S., TAMAYO A.</span><br><span class="document-property-authors_fields">Accounting and Management Control </span> | <span class="document-property-year">2012</span>"
    "keywordList" => "<a href="#">Equity analysts</a>, <a href="#">Investment risk</a>, <a href="#">Risk ratings</a>, <a href="#">Factor loadings</a>, <a href="#">Credit ratings</a>"
    "docPreview" => "<b>Equity Analysts and the Market's Assessment of Risk</b><br><span>2012-12 | Journal articles </span>"
    "docType" => "research"
    "publicationLink" => "<a href="https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1475-679X.2012.00462.x" target="_blank">Equity Analysts and the Market's Assessment of Risk</a>"
  ]
  +lang: "en"
  +"_type": "_doc"
  +"_score": 9.00266
  +"parent": null
}