A study showed that analysts who share a name with a CEO will make more accurate earnings forecasts for that company
Self-improvement guru Dale Carnegie grasped years ago that “a person’s name is to that person the sweetest, most important sound in any language.” An accounting professor has shown that the phenomenon can be profitable for Wall Street analysts too.
Omri Even-Tov of the University of California Berkeley’s Haas School of Business looked at over a quarter-century of earnings forecasts and found that analysts make more accurate predictions about a company’s earnings when they share the first name as its chief executive officer.
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