{"id":"https://openalex.org/W2143531998","doi":"https://doi.org/10.1111/j.1540-6261.1995.tb04057.x","title":"An Analysis of the Recommendations of the \u201cSuperstar\u201d Money Managers at Barron's Annual Roundtable","display_name":"An Analysis of the Recommendations of the \u201cSuperstar\u201d Money Managers at Barron's Annual Roundtable","publication_year":1995,"publication_date":"1995-09-01","ids":{"openalex":"https://openalex.org/W2143531998","doi":"https://doi.org/10.1111/j.1540-6261.1995.tb04057.x","mag":"2143531998"},"language":"en","primary_location":{"id":"doi:10.1111/j.1540-6261.1995.tb04057.x","doi":"https://doi.org/10.1111/j.1540-6261.1995.tb04057.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1540-6261.1995.tb04057.x","pdf_url":null,"source":{"id":"https://openalex.org/S5353659","display_name":"The Journal of Finance","issn_l":"0022-1082","issn":["0022-1082","1540-6261"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5003706681","display_name":"Hemang Desai","orcid":"https://orcid.org/0000-0003-0541-0618","observed_orcids":["https://orcid.org/0000-0003-0541-0618"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"HEMANG DESAI","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5109500689","display_name":"Prem C. Jain","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I114832834","display_name":"Tulane University","ror":"https://ror.org/04vmvtb21","country_code":"US","type":"education","lineage":["https://openalex.org/I114832834"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"PREM C. JAIN","raw_affiliation_strings":["A.B. Freeman School of Business, Tulane University, New Orleans, Louisiana. We thank Barron's, Rick Boebel, Steve Brown, Louis Chan, Anindya Chatterjee, N.K. Chidambaran, Aloke Ghosh, Irv LaValle, Jevons Lee, John Liukkonen, Ajay Malpani, Amit Mathur, Thomas Mec\u0301l, Russ Robins, Tahiti Roy, Bin Shi, K. Srinivasan, Rene\u0301 Stulz, Joaquin Trigueros, Tracie Woidtke, Kent Womack, Shuang Wu, and workshop participants at the National Taiwan University and Tulane University for their helpful comments on previous drafts. Detailed comments from an anonymous referee are gratefully acknowledged"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"A.B. Freeman School of Business, Tulane University, New Orleans, Louisiana. We thank Barron's, Rick Boebel, Steve Brown, Louis Chan, Anindya Chatterjee, N.K. Chidambaran, Aloke Ghosh, Irv LaValle, Jevons Lee, John Liukkonen, Ajay Malpani, Amit Mathur, Thomas Mec\u0301l, Russ Robins, Tahiti Roy, Bin Shi, K. Srinivasan, Rene\u0301 Stulz, Joaquin Trigueros, Tracie Woidtke, Kent Womack, Shuang Wu, and workshop participants at the National Taiwan University and Tulane University for their helpful comments on previous drafts. Detailed comments from an anonymous referee are gratefully acknowledged","institution_ids":["https://openalex.org/I114832834"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":4430,"currency":"USD","value_usd":4430},"apc_paid":null,"fwci":5.8001,"has_fulltext":false,"cited_by_count":99,"citation_normalized_percentile":{"value":0.95819123,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":99},"biblio":{"volume":"50","issue":"4","first_page":"1257","last_page":"1273"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/investment-advice","display_name":"investment advice","score":0.5979999899864197},{"id":"https://openalex.org/keywords/fund-managers","display_name":"fund managers","score":0.8420000076293945},{"id":"https://openalex.org/keywords/abnormal-returns","display_name":"abnormal returns","score":0.8379999995231628},{"id":"https://openalex.org/keywords/recommendation-performance","display_name":"recommendation performance","score":0.6949999928474426},{"id":"https://openalex.org/keywords/survivorship-bias","display_name":"survivorship bias","score":0.8539999723434448},{"id":"https://openalex.org/keywords/buy-recommendation","display_name":"buy recommendation","score":0.6769999861717224}],"concepts":[{"id":"https://openalex.org/C2777687543","wikidata":"https://www.wikidata.org/wiki/Q1209526","display_name":"Superstar","level":2,"score":0.7858900427818298},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5459746718406677},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.4297780394554138},{"id":"https://openalex.org/C172400760","wikidata":"https://www.wikidata.org/wiki/Q332796","display_name":"Survivorship curve","level":3,"score":0.4144551157951355},{"id":"https://openalex.org/C2778253041","wikidata":"https://www.wikidata.org/wiki/Q699735","display_name":"Annual report","level":2,"score":0.4137510061264038},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3826141953468323},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3778441846370697},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.37222325801849365},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2947238087654114},{"id":"https://openalex.org/C149923435","wikidata":"https://www.wikidata.org/wiki/Q37732","display_name":"Demography","level":1,"score":0.2363404631614685},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.1663549840450287},{"id":"https://openalex.org/C112698675","wikidata":"https://www.wikidata.org/wiki/Q37038","display_name":"Advertising","level":1,"score":0.14240428805351257},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.08858561515808105},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1111/j.1540-6261.1995.tb04057.x","doi":"https://doi.org/10.1111/j.1540-6261.1995.tb04057.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1540-6261.1995.tb04057.x","pdf_url":null,"source":{"id":"https://openalex.org/S5353659","display_name":"The Journal of Finance","issn_l":"0022-1082","issn":["0022-1082","1540-6261"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Finance","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":22,"referenced_works":["https://openalex.org/W1967210927","https://openalex.org/W1992897607","https://openalex.org/W2003122475","https://openalex.org/W2016334400","https://openalex.org/W2028203519","https://openalex.org/W2043619364","https://openalex.org/W2047803175","https://openalex.org/W2062658155","https://openalex.org/W2069240128","https://openalex.org/W2101718392","https://openalex.org/W2104697841","https://openalex.org/W2107829447","https://openalex.org/W2128778916","https://openalex.org/W2151257144","https://openalex.org/W2153599323","https://openalex.org/W2169786125","https://openalex.org/W2280131726","https://openalex.org/W2317250814","https://openalex.org/W2321648089","https://openalex.org/W3122187992","https://openalex.org/W3122714908","https://openalex.org/W4237698691"],"related_works":["https://openalex.org/W2184884513","https://openalex.org/W4410189391","https://openalex.org/W2251695102","https://openalex.org/W2301161417","https://openalex.org/W4320080645","https://openalex.org/W3004598505","https://openalex.org/W2155548238","https://openalex.org/W2180892881","https://openalex.org/W2098882985","https://openalex.org/W1481084843"],"abstract_inverted_index":{"ABSTRACT":[0],"We":[1],"examine":[2,27],"the":[3,28,34,47,51,61,82,92],"performance":[4,29],"of":[5,30,43,56],"common":[6],"stock":[7],"recommendations":[8,31,38,84],"made":[9],"by":[10,32],"prominent":[11],"money":[12],"managers":[13],"at":[14],"Barron's":[15,87],"Annual":[16],"Roundtable":[17,83],"from":[18,46,91],"1968":[19],"to":[20,50,69,81],"1991.":[21],"To":[22],"avoid":[23],"survivorship":[24],"bias,":[25],"we":[26],"all":[33],"participants.":[35],"The":[36],"buy":[37],"earn":[39],"significant":[40],"abnormal":[41,62],"returns":[42,63],"1.91":[44],"percent":[45],"recommendation":[48],"day":[49,73],"publication":[52],"day,":[53],"a":[54],"period":[55],"about":[57],"14":[58],"days.":[59],"However,":[60],"are":[64],"essentially":[65],"zero":[66],"for":[67],"one":[68],"three":[70],"year":[71],"postpublication":[72],"holding":[74],"periods.":[75],"Thus,":[76],"an":[77],"individual":[78],"investing":[79],"according":[80],"published":[85],"in":[86],"would":[88],"not":[89],"benefit":[90],"advice.":[93]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":2},{"year":2023,"cited_by_count":5},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":2},{"year":2017,"cited_by_count":6},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":3},{"year":2014,"cited_by_count":5},{"year":2013,"cited_by_count":5}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}