Han, Bong H.; Manry, David - In: Journal of Business Finance & Accounting 27 (2000-01) 1&2, pp. 99-125
Dispersion in analysts' forecasts is empirically evaluated by associating dispersion with a firm's future accounting rate of return-on-equity (ROE) and future returns. Forecast dispersion is significantly and negatively associated with future ROE, consistent with the notion that firm disclosures...