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		<title><![CDATA[Analysts' Conflict of Interest and Biases in Earnings Forecasts]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=140812]]></link>
		<description><![CDATA[Analysts' earnings forecasts are influenced by their desire to win investment banking clients. This report hypothesizes that the equity bull market of the 1990s, along with the boom in investment banking business, exacerbated analysts' conflict of interest and their incentives to adjust strategically forecasts to avoid earnings disappointments. It documents...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Sat, 01 Mar 2003 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/earnings+forecast.html"><![CDATA[Earnings Forecast]]></category>
		<category domain="http://resources.bnet.com/topic/national+bureau+of+economic+research.html"><![CDATA[National Bureau Of Economic Research]]></category>
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		<category domain="http://resources.bnet.com/topic/investment+banking.html"><![CDATA[Investment Banking]]></category>
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		<title><![CDATA[Reexamining Stock Valuation and Inflation: The Implications of Analysts' Earnings Forecasts]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=48633]]></link>
		<description><![CDATA[This paper examines the effect of inflation on stock valuations and expected long-run returns. The negative relation between equity valuations and expected inflation is found to be the result of two effects: a rise in expected inflation coincides with both i lower expected real earnings growth and ii higher required...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Sun, 07 Jan 2001 00:00:00 -0800</pubDate>
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		<category domain="http://resources.bnet.com/topic/stock.html"><![CDATA[Stock]]></category>
		<category domain="http://resources.bnet.com/topic/inflation.html"><![CDATA[Inflation]]></category>
		<category domain="http://resources.bnet.com/topic/currency+%2526+foreign+exchange.html"><![CDATA[Currency & Foreign Exchange]]></category>
		<category domain="http://resources.bnet.com/topic/investment.html"><![CDATA[Investment]]></category>
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		<title><![CDATA[Re-examining Stock Valuation and Inflation: The Implications of Analysts' Earnings Forecasts]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=48948]]></link>
		<description><![CDATA[This paper examines the effect of inflation on stock valuations and expected long-run returns. The negative relation between equity valuations and expected inflation is found to be the result of two effects: a rise in expected inflation coincides with both, the lower expected real earnings growth and the higher required...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Sat, 02 Jan 1999 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/earnings+forecast.html"><![CDATA[Earnings Forecast]]></category>
		<category domain="http://resources.bnet.com/topic/stock.html"><![CDATA[Stock]]></category>
		<category domain="http://resources.bnet.com/topic/inflation.html"><![CDATA[Inflation]]></category>
		<category domain="http://resources.bnet.com/topic/currency+%2526+foreign+exchange.html"><![CDATA[Currency & Foreign Exchange]]></category>
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