In this article I investigate the association between analysts’ ability to issue influential recommendations and their career outcomes. The fraction of recommendations that are defined as influential are linked to a higher probability of an analyst moving to a higher status brokerage house, and a lower probability of either being demoted to a lower status brokerage house or leaving the profession. Analysts who more often issue influential recommendations also have a higher chance of being ranked by Institutional Investor All-America, having longer careers, and experiencing lower job turnover compared to peers.
|Original language||English (US)|
|Number of pages||32|
|Journal||Journal of Financial Research|
|State||Published - Jun 1 2018|
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