New Evidence on Serial Correlation in Analyst Forecast Errors Securities analysts react optimistically to new information, underreacting to bad news and overreacting to good news. This evidence suggests that securities analysts might produce optimistic earnings forecasts in response to their economic incentives
| Year of publication: |
1999
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| Authors: | Nutt, Stacey R. ; Easterwood, John C. ; Easterwood, Cintia M. |
| Published in: |
Financial management. - Malden, Mass. [u.a.] : Wiley-Blackwell, ISSN 0046-3892, ZDB-ID 1860343. - Vol. 28.1999, 4, p. 106-117
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