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).
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.
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