2022 Analyst Conference

  • Date: Friday 9th September 2022, 8:30am-6pm
  • Registration deadline: Thursday 1st September 2022
  • Theme: Current topics in analyst research

This one-day conference brought together academics and finance professionals to create a dynamic environment to facilitate knowledge exchange between academia and practice. The conference featured academic presentations and sessions by industry professionals from the City of London. Each academic paper presentation had a discussant, and all presentations were followed by a Q&A session with the audience.

Take a look at photos from the conference via Flickr.

The conference schedule is available as a PDF.


Registration and Breakfast

8:00 - 8:55


8:55 - 9:00

Session 1

  • Chair: Art Kraft Bayes Business School

Contrast Effects and Analyst Forecasts

9:00 - 9:40

  • Minye Tang Florida International University

Analysts’ Strategic Information Revelation in Conference Calls

10:20 - 11:00

  • Alexander Paulus LMU Munich School of Management Discussant: Cristina Grande Herrera Bayes Business School

Tea/Coffee break

11:00 - 11:15

Session 2

  • Chair: Irene Karamanou University of Cyprus

Academic Keynote

11:15 - 11:40

  • Professor Ole-Kristian Hope Rotman School of Management, University of Toronto

Practitioner Keynote

11:40 - 12:05

  • Themis Themistocleous UBS, EMEA Chief Investment Officer

Analyst Institutional Client Catering and Reputation Trade off: Analysts’ Strategic Timing of Recommendations

12:05 -12:45

  • Anna Agapova Florida Atlantic University Discussant: Mark Clatworthy University of Bristol


12:45 - 13:30

Session 3

  • Chair: Zacharias Petrou University of Liverpool

Analysts’ Non-GAAP Exclusions to Forecast Lower Earnings (but Higher Valuations)

13:45 - 14:25

  • Stephannie Larocque University of Notre Dame
  • Discussant: Xi Li London School of Economics and Political Science

Does Wall Street Discriminate by Race? Evidence from Analyst Target Prices

  • Sean Wang Cox School of Business
  • Discussant: Pawel Bilinski Bayes Business School

Analyst Effects on Intangible Investment: Evidence from Corporate Political Investments

15:05 - 15:45

  • Douglas Cook University of Alabama
  • Discussant: Aneesh Raghunandan London School of Economics and Political Science

Tea/Coffee Break

15:45 -16:00

Session 4

Chair: Larissa Batrancea Faculty of Business (BBU)

Public Disclosure of Private Meetings: Does Observing Peers’ Information Acquisition Affect Analysts’ Attention Allocation?

16:00 - 16:40

  • Yuan Zou Harvard Business School
  • Discussant: Stefano Cascino London School of Economics and Political Science

Managing Decision Fatigue: Evidence from Analysts’ Earnings Forecasts

16:40 -17:20

  • Yawen Jiao University of California, Riverside
  • Discussant: Irene Karamanou University of Cyprus

Farewell and depart for conference dinner


Conference Dinner: The conference dinner will be at 6pm at Chiswell Street Dining Rooms


Keynote speeches

Ole-Kristian Hope

Ole-Kristian Hope, Rotman School of Management, University of Toronto

Ole-Kristian Hope has published extensively in The Accounting Review, Journal of Accounting Research, Journal of Accounting and Economics, Accounting, Organizations, and Society, Contemporary Accounting Research, Review of Accounting Studies, Management Science, and several other journals. His research findings are regularly cited by leading media outlets (e.g., The Economist, Financial Times, and Wall Street Journal) and he regularly presents his research at workshops, conferences, and consortia around the world. He has received numerous awards for research, supervision and teaching.

Themis Themistocleous.

Themis Themistocleous, Head, European Chief Investment Office at UBS


Centre for Financial Analysis and Reporting Research (CeFARR) at Bayes Business School, City, University of London Bayes Business School, City, University of London (Bayes Business School is ranked 3rd in London by the 2021 Financial Times European Business School and 5th in the UK according to the UT Dallas Business School Research Rankings).

The department of Accounting and Finance at the University of Cyprus ranks among the top in Finance and Accounting research world-wide and in the top 40 schools in Europe, based on the rankings of Arizona State University and Brigham Young University respectively.


Room N201, Bayes Business School, Executive Education Suite, 200 Aldersgate, London.


Organisers: Dr Pawel Bilinski and Prof Irene Karamanou
Email: [email protected]
CeFARR, Bayes Business School, London