Why Do Equity Analysts Get It Wrong? A (Social) Structural Explanation

Wednesdays@NICO Seminar, 12:30pm, October 16, 2013, Chambers Hall, Lower Level

Professor Edward (Ned) Smith, Kellogg School of Management

Abstract

TBA

Biography
Ned Smith is an Associate Professor of Management and Organizations at the Kellogg School of Management, Northwestern University, and Associate Professor (by courtesy) of Sociology at Northwestern University. Ned’s research is on the construction and consequences of organizational identity, with particular empirical emphasis on financial markets and the hedge fund industry. He draws on sociological and network-based theories of markets to develop and test new identity-based models of decision-making, organizational behavior, and market evolution. His research in this area was awarded a Kauffman Foundation Fellowship in 2009. More recently, Ned’s 2011 article on investor decision-making in the hedge fund industry ("Identities as Lenses," Administrative Science Quarterly) was awarded the Best Published Paper Award by the Academy of Management. A second avenue of Ned's research works to connect research on cognitive processes and network theories of social capital to better understand how people utilize (and squander) the resources available to them in their social networks. This research analyzes how people mentally construct their social worlds—i.e., their social networks—according to various psychological and situational factors.