A Simultaneous Equations Analysis of Analysts' Forecast Bias and Institutional Ownership
Lucy F. Ackert and George Athanassakos
Federal Reserve Bank of Atlanta
Working Paper 2000-5
JEL classification: G10, G20
Key words: financial analysts, institutional ownership, earnings forecasts
The authors thank the Social Sciences and Humanities Research Council of Canada for financial support and Bryan Church and workshop participants at Wilfrid Laurier University for helpful comments. The views expressed here are the authors' and not necessarily those of the Federal Reserve Bank of Atlanta or the Federal Reserve System. Any remaining errors are the authors' responsibility.
Please address questions regarding content to Lucy F. Ackert, Research Department, Federal Reserve Bank of Atlanta, 104 Marietta Street, N.W., Atlanta, Georgia 30303-2713, 404/498-8783, firstname.lastname@example.org, or George Athanassakos, The Mutual Group Financial Services Research Centre, School of Business and Economics, Wilfrid Laurier University, Waterloo, Ontario, Canada N2L 3C5, 519/884-0710 x2561, email@example.com.