Access to IBES
Posted: 09 April 2015 03:03 AM   [ Ignore ]
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Hi,

I’m working on my masterthesis and need information from IBES (number of analysts and the standard deviation of estimates). Sadly, my institution only has access to the last 18 months of observations and I need observations from 2000 to 2013. I have tried everything, but I cannot access this information.

Can anyone here help me? I’m in big trouble if I can’t use this information :(

Thanks in advance,

Marlies

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Posted: 09 April 2015 08:01 PM   [ Ignore ]   [ # 1 ]
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hi Marlies,

If your institution doesn’t purchase IBES, then howcome you are expected/required to use it?

Best,

Joost

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Posted: 10 April 2015 04:27 AM   [ Ignore ]   [ # 2 ]
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Hi Joost,

My institution is currently merging with another one and there are some problems with the licenses. The licences on my own campus are already ended, so we have to use the ones of the other faculty. Sadly they don’t have acces to IBES on WRDS (yet), only via Datastream and then only the last 18 months. I have contacted both libraries and they are both saying the other one should fix it (“faculty policy blabla”) or that it will be fixed by next year, which does not help me as I graduate this year.

In attachment the data I was able to access. (But as I am investigating the importance of bank transparency before and after the financial crisis of 2007-2008, information on the last 18 months is useless…)

Thanks again!

Kind regards,

Marlies

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Posted: 10 April 2015 07:02 AM   [ Ignore ]   [ # 3 ]
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hi Marlies,

Is your thesis supervisor aware of this? (By the way, I removed your data file as it is proprietary)

Best regards,

Joost

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Posted: 10 April 2015 07:48 AM   [ Ignore ]   [ # 4 ]
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Hi Joost,

Yes he is, but he says there’s nothing he can do as it is faculty policy. He advised me to find something else to measure bank transparency but also said all measures based on accounting information are no good, as all (large) banks are subject to largly the same disclosure requirements. I have also tried everything else like World Bank/OECD indicators but that information is all on country level, not for individual banks. Using the number of analysts and/or the standard deviation of estimates is my last hope to find something.

Oops, my apologies! Did not think of that.

Kind regards,

Marlies

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Posted: 10 April 2015 09:00 AM   [ Ignore ]   [ # 5 ]
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hi Marlies,

Are you looking at US banks? If so, the ‘Fog’ score may be more appropriate to measure transparency then standard deviation of analyst forecasts (captures ‘uncertainty’ in general). Fog data is available (up to fiscal 2010) here: http://webuser.bus.umich.edu/feng/

See paper here:
http://www.cis.upenn.edu/~mkearns/finread/readability.pdf

There are many papers using the Fog score (is an ‘established’ measure).

Hope this helps,

Joost

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Posted: 10 April 2015 10:07 AM   [ Ignore ]   [ # 6 ]
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Hi Joost,

No, I’m investigating the 150 largest banks worldwide. But I will look into this to see if I can find anything usefull.

Thanks!

Marlies

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Posted: 10 April 2015 10:21 AM   [ Ignore ]   [ # 7 ]
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hi Marlies,

Ok, I see. It is not attractive (lot of work), but it would be possible to manually search/download 150 annual reports and construct the measure yourself (there is a perl package Pathom-Lingua-EN that computes the fog score).

Best regards,

Joost

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