Climatic Disasters and Distracted Analysts
Authors:聽Yuqi Han, Connie X. Mao, Hongping Tan and Chi Zhang
Professor Tan and Guang Ma awarded SSHRC Insight Grant
Congratulations to Hongping Tan,聽Associate Professor in Accounting聽and聽Guang Ma, former 捆绑SM社区 Desautels Assistant Professor in Accounting who were awarded a 2022 SSHRC Insight Grant.
鈥淧rivate Interaction with Management: Evidence from Textual Analysis of Analyst Reports鈥�
Desautels鈥� event highlights innovative research and recognizes scholars
On Friday, May 13, members of the Desautels Faculty of Management gathered to celebrate the innovative and impactful research conducted by its scholars.聽
Fifteen professors were on hand to deliver two-minute presentations of their most interesting and research.
Institutional Trading around Corporate News: Evidence from Textual Analysis
Authors: A.G. Huang, Hongping Tan, and R. Wermers Publication: The Review of Financial Studies, Volume 33, Issue 10, October 2020, Pages 4627-4675. Abstract:
The Effects of Analyst-Country Institutions on Biased Research: Evidence from Target Prices
Authors: M.T. Bradshaw, A.G. Huang, and Hongping Tan Publication: Journal of Accounting Research, Volume 57, Issue 1, March 2019, Pages 85-120.
Dongyoung Lee, Jingjing Zhang and Hongping Tan awarded 2018 SSHRC Connection Grant
Congratulations to聽Dongyoung Lee, Assistant Professor in Accounting, Jingjing Zhang, Assistant Professor in Accounting, and Hongping Tan, Associate Professor in Accounting, awarded 2018 SSHRC Connection Grant - 2019 Financial Accounting Research Conference: 鈥淎c
The Effects of Analyst鈥怌ountry Institutions on Biased Research: Evidence from Target Prices
Authors:聽Mark T. Bradshaw, Alan G. Huang, Hongping Tan
Publication:聽Journal of Accounting Research, Forthcoming
础产蝉迟谤补肠迟:听
Prior research demonstrates that a strong institutional infrastructure in a country moderates self鈥恠erving behavior of market participants. Cross鈥恈ountry economic activities have increased significantly, presenting a research opportunity to examine the relative influence of local versus foreign institutional infrastructure on individual market participants. We utilize variation in analyst鈥恈ountry location relative to covered firm location to examine institutional determinants of optimism in analyst research. Focusing on target prices, where persistent optimism is well documented, we find that analysts domiciled in countries with stronger institutional infrastructures exhibit significantly attenuated target price optimism and more value鈥恟elevant target prices. Our results demonstrate the importance of domestic country鈥恖evel institutional factors in moderating self鈥恠erving behavior of market participants engaged in cross鈥恈ountry activities.
