Skip navigation
Please use this identifier to cite or link to this item: http://arks.princeton.edu/ark:/88435/dsp018336h197k
Title: Explaining Analyst Optimism: Credit Cycles, Investor Sentiment and Competition
Authors: Karim, Samiul
Advisors: Dean, Mark
Department: Economics
Class Year: 2013
Abstract: This paper provides an empirical link between analyst optimism and four major credit flows over the period between 1990 and 2012. Using quarterly data obtained from the Institutional Brokers’ Estimate System (I/B/E/S) and the Federal Flow of Funds Accounts, we find that analyst optimism is positively related to the credit cycle. This occurs because increased credit activity, while boosting both analyst EPS forecasts and actual EPS earnings, causes forecasts to rise faster than actual earnings. We also shed new light onto the implications of using different deflators when scaling raw forecast errors.
Extent: 45 pages
URI: http://arks.princeton.edu/ark:/88435/dsp018336h197k
Access Restrictions: Walk-in Access. This thesis can only be viewed on computer terminals at the Mudd Manuscript Library.
Type of Material: Princeton University Senior Theses
Language: en_US
Appears in Collections:Economics, 1927-2016

Files in This Item:
File SizeFormat 
SrThesis_2013_skarim_attempt_2013-04-15-14-53-37_Karim_Samiul.pdf3.16 MBAdobe PDF    Request a copy


Items in Dataspace are protected by copyright, with all rights reserved, unless otherwise indicated.