2024 Analyst conference

Registration and refreshments

Location for refreshments: 4th floor milling area

• 08.00 - 08.50

Welcome

• 08.50 - 09.00

Session I

20min presentation +10min discussion + 5min Q&A

Room: FSQ407

Chair: Irene Karamanou, University of Cyprus

"Sell-side bus tours"

• Daniel Bradley, Russell Jame, Jared Williams, University of South Florida and University of Kentucky
• Discussant: Jay Jung, Bayes Business School, City St George's, University of London
• 09.00 - 09.35

"From Big Four to Wall Street: Sell-Side Analysts with Auditor Experience"

• Christian Andres, Francois Brochet, Peter Limbach and Nicola Schumacher, WHU – Otto Beisheim School of Management, Boston University and University of Bielefeld
• Discussant:  Stephannie Larocque, Mendoza College of Business, University of Notre Dame
• 09.35 - 10.10

Keynote: Lakshmanan (Shiva) Shivakumar, LBS

• 10.10 - 10.45

Coffee break

Location: 4th floor milling area

• 10.45 - 11.00

Parallel sessions

20min presentation +10min discussion + 5min Q&A

Parallel Session 1

Room: FSQ407

Chair: Zhifang Zhang, Warwick Business School

• "Financial statement analysis with large language models",
  Alex Kim, Maximilian Muhn and Valeri Nikolaev, The University of Chicago
• Discussant: Rafael Rogo, University of Cambridge
  • 11.05 - 11.40
• "Real Effects of Analysts’ Information Role: Evidence from M&As",
  Farzana Afrin, Jared  Flake, Jalal Sani, California State University, Northeastern University and University of Illinois
• Discussant: Alexa Scherf, London School of Economics and Political Science
  • 11.40 - 12.15

• "The value of values: Does focusing on ESG provide a competitive advantage in forecasting earnings?",
  Salman Arif and Nargess Golshan, University of Minnesota and  Indiana University
• Discussant: Xi Li, London School of Economics and Political Science
  • 12.15 - 12.50

Parallel session 2

Room: FSQ408

Chair: Andrew Yim, Bayes Business School, City St George's, University of London

• "The impact of corporate crypto holdings on analysts’ forecasting environment",
  Yi Huang, Adriana Korczak, and Nikos Tsileponis, Univeristy of Bristol
• Discussant: Mingzhu Wang, King's College University
  • 11.05 - 11.40

• "Beyond Old Boys’ Clubs: Financial Analysts’ Utilization of Professional Connections",
  Mengqiao Du and Xi Zhang, National University of Singapore
• Discussant: Irene Karamanou, University of Cyprus
  • 11:40  - 12.15

• "Social Media Analysts, Managerial Learning, and Corporate Innovation",
  Jeroen Koenraadt, Tim Martens and Christoph Sextroh, London School of Economics, University of Bocconi and Tilburg University
• Discussant: Jenny Chu, University of Cambridge
  • 12.15 - 12.50

Lunch

Location: 7th floor milling area

• 12.50 - 13.50

Parallel sessions

20min presentation +10min discussion + 5min Q&A

Parallel Session 3

Room: FSQ407

Chair: Tan Do, Bayes Business School, City St George's, University of London

• "Not with a bang, but with a whimper: local newspaper closures and analyst forecasting ability",
  Ping-Sheng Koh, Hao Ma, Junqi Liu, and Robert Stoumbos, Essec Business School and Xiamen University
• Discussant: Zhifang Zhang, Warwick Business School
  • 13.50 - 14.25
• "Heterogeneous Priors and Information Choices:  Evidence from Sell-Side Financial Analysts",
  Keno Buß and Jonas Wessel, Goethe University Frankfurt
• Discussant: Tuan Ho, University of Bristol
  • 14.25 - 15.00
• "The Influence of Passive Institutional Ownership on Analyst Optimism",
  Jingxin Hu and Lihong Liang, University of Houston-Downtown and Syracuse University
• Discussant: Sonia Konstantinidi, Bayes Business School, City St George's, University of London
  • 15.00 - 15.35

Parallel session 4

Room: FSQ408

Chair: Alex Kim, University of Chicago

• "Market discipline in banking: the role of financial analysts",
  Andreas Barth, Sasan Mansouri and Fabian Woebbeking, Goethe University Frankfurt, Leibniz Institute for Economic Research, Martin Luther University Halle-Wittenberg, Saarland University Saarbrucken, University of Groningen
• Discussant: Ga-Young Choi, Bayes Business School, City St George's, University of London
  • 13.50 - 14.25
• "Equity Research Departments’ Internal Review Policies and Analysts’ Information Production: Evidence from Oversight Committees",
  Mark Piorkowski, Indiana University
• Discussant: Gilad Livne, Queen Mary University
  • 14.25 - 15.00

• "Industry expert analysts and KPI forecasts",
  Roberto Vincenzi and Wanli Zhao, Bocconi University
• Discussant: Gitae Park, Bayes Business School, City St George's, University of London
  • 15.00 - 15:35

Coffee break

Location: 4th floor milling area

• 15.35 - 15.50

Session II

Room: FSQ407

Chair:  Pawel Bilinski, Bayes Business School, City St George's, University of London

20min presentation +10min discussion + 5min Q&A

"Navigating Analyst Consensus: Machine Learning Approach for  Aggregating Recommendations"

• Yue Liu and Dan Palmon, Rutgers Business School
• Discussant: Furkan Cetin, London School of Economics and Political Science
• 15.50 - 16.25

"Top-Down vs. Bottom-Up Index Forecasts: Are Market Strategists Strategically Pessimistic?"

• Min Park, Matt Peterson and Eric Weisbrod, University of Kansas
• Discussant: Jose Carabis-Palmeiro, London School of Economics and Political Science
• 16.25 - 17.00

Practitioner panel

Panellists:

Gareth Evans (Founder & CEO, Progressive Equity Research)

John Farrugia (CEO, Cavendish)

Gareth Jenkins (Head of Research, UBS)

Christopher Nicholson (Managing Director / Head of Research, ACF Equity Research)

• 17:00 - 17:45

Conference dinner

• 18.00 - 21.00