Jason Karceski | University of Florida (original) (raw)
Papers by Jason Karceski
SSRN Electronic Journal, 2002
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Journal of Banking & Finance, 2006
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SSRN Electronic Journal, 2003
We examine how analysts establish target prices for IPO firms and whether comparable firms used t... more We examine how analysts establish target prices for IPO firms and whether comparable firms used to support target prices are helpful in explaining IPO offer prices. During the bubble period of 1999 to 2000, the average offer price was set at a discount relative to comparable firm ...
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Journal of Financial Economics, 2006
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Journal of Financial and Quantitative Analysis, 2006
We examine how analysts establish target prices for IPO firms and whether comparable firms used t... more We examine how analysts establish target prices for IPO firms and whether comparable firms used to support target prices are helpful in explaining IPO offer prices. During the bubble period of 1999 to 2000, the average offer price was set at a discount relative to comparable firm ...
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Journal of Finance, 2005
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SSRN Electronic Journal, 2000
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Bookmarks Related papers MentionsView impact
SSRN Electronic Journal, 2003
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Review of Financial Studies, 1999
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Journal of Financial and Quantitative Analysis, 2007
Analysts' earnings forecasts are influenced by their desire to win investment ba... more Analysts' earnings forecasts are influenced by their desire to win investment banking clients. We hypothesize that the equity bull market of the 1990s, along with the boom in investment banking business, exacerbated analysts' conflicts of interest and their in- centives to strategically adjust forecasts to avoid earnings disappointments. We document shifts in the distribution of earnings surprises and related changes in the market's response to surprises and forecast revisions. The evidence for shifts is stronger for growth stocks, where conflicts of interest are more pronounced. However, shifts are less notable for ana- lysts without ties to investment banking and in international markets.
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Analysts' earnings forecasts are influenced by their desire to win investment ba... more Analysts' earnings forecasts are influenced by their desire to win investment banking clients. We hypothesize that the equity bull market of the 1990s, along with the boom in investment banking business, exacerbated analysts' conflicts of interest and their in- centives to strategically adjust forecasts to avoid earnings disappointments. We document shifts in the distribution of earnings surprises and related changes in the market's response to surprises and forecast revisions. The evidence for shifts is stronger for growth stocks, where conflicts of interest are more pronounced. However, shifts are less notable for ana- lysts without ties to investment banking and in international markets.
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SSRN Electronic Journal, 2002
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Bookmarks Related papers MentionsView impact
Journal of Financial and Quantitative Analysis, 1998
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Financial Analysts Journal, 2000
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Journal of Finance, 2003
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Journal of Empirical Finance, 2009
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Bookmarks Related papers MentionsView impact
SSRN Electronic Journal, 2002
Bookmarks Related papers MentionsView impact
Journal of Banking & Finance, 2006
Bookmarks Related papers MentionsView impact
SSRN Electronic Journal, 2003
We examine how analysts establish target prices for IPO firms and whether comparable firms used t... more We examine how analysts establish target prices for IPO firms and whether comparable firms used to support target prices are helpful in explaining IPO offer prices. During the bubble period of 1999 to 2000, the average offer price was set at a discount relative to comparable firm ...
Bookmarks Related papers MentionsView impact
Journal of Financial Economics, 2006
Bookmarks Related papers MentionsView impact
Journal of Financial and Quantitative Analysis, 2006
We examine how analysts establish target prices for IPO firms and whether comparable firms used t... more We examine how analysts establish target prices for IPO firms and whether comparable firms used to support target prices are helpful in explaining IPO offer prices. During the bubble period of 1999 to 2000, the average offer price was set at a discount relative to comparable firm ...
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Journal of Finance, 2005
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SSRN Electronic Journal, 2000
Bookmarks Related papers MentionsView impact
Bookmarks Related papers MentionsView impact
SSRN Electronic Journal, 2003
Bookmarks Related papers MentionsView impact
Review of Financial Studies, 1999
Bookmarks Related papers MentionsView impact
Journal of Financial and Quantitative Analysis, 2007
Analysts' earnings forecasts are influenced by their desire to win investment ba... more Analysts' earnings forecasts are influenced by their desire to win investment banking clients. We hypothesize that the equity bull market of the 1990s, along with the boom in investment banking business, exacerbated analysts' conflicts of interest and their in- centives to strategically adjust forecasts to avoid earnings disappointments. We document shifts in the distribution of earnings surprises and related changes in the market's response to surprises and forecast revisions. The evidence for shifts is stronger for growth stocks, where conflicts of interest are more pronounced. However, shifts are less notable for ana- lysts without ties to investment banking and in international markets.
Bookmarks Related papers MentionsView impact
Analysts' earnings forecasts are influenced by their desire to win investment ba... more Analysts' earnings forecasts are influenced by their desire to win investment banking clients. We hypothesize that the equity bull market of the 1990s, along with the boom in investment banking business, exacerbated analysts' conflicts of interest and their in- centives to strategically adjust forecasts to avoid earnings disappointments. We document shifts in the distribution of earnings surprises and related changes in the market's response to surprises and forecast revisions. The evidence for shifts is stronger for growth stocks, where conflicts of interest are more pronounced. However, shifts are less notable for ana- lysts without ties to investment banking and in international markets.
Bookmarks Related papers MentionsView impact
SSRN Electronic Journal, 2002
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Bookmarks Related papers MentionsView impact
Journal of Financial and Quantitative Analysis, 1998
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Financial Analysts Journal, 2000
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Journal of Finance, 2003
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Journal of Empirical Finance, 2009
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