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Notices
LD
Leigh Drogen (@LDrogen) (not verified)
20th November 2013 | 5:25pm

Great post Mark. You may also want to take a look at findings from Rick Johnston of Rice University in "Crowdsourcing Forecasts: Competition for Sell-Side Analysts" where he looks at the relative accuracy between the sell side and buy side (as represented by the Estimize data set).

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2333671

Also the paper from Vinesh Jha and myself titled "Generating Abnormal Returns Using Crowdsourced Earnings Forecasts from Estimize" where we look at a similar outcome of the buy side better representing the true expectation of the market vs the conflicted sell side.

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2333671