Introduction

摘要

This survey reviews research related to the role of financial analysts in the allocation of resources in capital markets. Two important papers published in the early 1990s provide perspectives on the literature in this area, one appearing in Accounting Horizons (Schipper, 1991) and the other appearing in the International Journal of Forecasting (Brown, 1993a). Our survey begins by summarizing the perspectives and directions for future research suggested in Schipper (1991) and Brown (1993a). We then take a look at the highlights of what we have learned and new questions that have emerged since 1992. Our goal is to provide an organized look at the literature, with particular attention to important questions that remain open for further research.