In Charisma We Trust: The Effects of CEO Charismatic Visions on Securities Analysts
通过分析CEO继任后致股东信中的魅力愿景，发现其能提升分析师推荐偏好和一致性，但也会增加盈利预测误差。
Using a thematic text analysis of the initial letters to shareholders following a CEO succession event, we analyze whether CEO charismatic visions portrayed in this organizational discourse influence securities analysts' recommendations and forecasts. The results suggest that such projections of CEO charismatic visions are associated with the favorability of individual analyst recommendations and the uniformity of recommendations across analysts, but they also appear to be positively related to errors in individual analysts' forecasting of future firm performance.