Superstardom and Institutional Investor’s All‐British Research Team

Abstract

Outlines previous research on the security analyst “superstar” phenomenon, including the stochastic model of Yule and Simon. Applies this to data on the 1986‐1997 selections for the Institutional Investor’s All‐British Research First Team (ABRT) and finds that it does not explain the distribution, i.e. that selection does appear to be based on skill rather than luck. Considers consistency with other research and expects future research to concentrate on the ABRT’s ability to forecast earnings per share and share prices.

Citation

Cox, R.A.K. and Kleiman, R.T. (2002), "Superstardom and Institutional Investor’s All‐British Research Team", Managerial Finance, Vol. 28 No. 1, pp. 1-13. https://doi.org/10.1108/03074350210767618