Academics to revise Thomson report
NEW YORK - A team of academics who produced a research report criticising omissions in Thomson Financial's I/B/E/S estimates database say they will soon issue a revised draft of their paper, after being forced to withdraw the original when the vendor provided new information.
The original report, titled Rewriting History and published in August this year, claimed that snapshots taken of the I/B/E/S database in 2002 and 2004 covering the period from 1993 to 2002 uncovered nearly 20,000 instances where analysts' names had been removed from their recommendations. The study found this was most likely to occur where a senior analyst's recommendation subsequently proved to be inaccurate or "embarrassing".
'Anonymisation' was less likely to occur where the recommendation
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