A Breed Apart? Security Analysts and Herding Behavior

Herding behavior occurs when security analysts ignore their private opinions and issue public forecasts that mimic the earnings forecasts of others. Joining the consensus provides cover for analysts' reputations. We question the ethics of this practice when the motive to protect one's repu...

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Bibliographic Details
Authors: Cote, Jane (Author) ; Goodstein, Jerry (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 1999
In: Journal of business ethics
Year: 1999, Volume: 18, Issue: 3, Pages: 305-314
Further subjects:B practical judgment
B code of professional conduct
B moral courage
B security analyst ethics
B herding behavior
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