ERTIMUR, YONCA; SUNDER, JAYANTHI; SUNDER, SHYAM V. - In: Journal of Accounting Research 45 (2007) 3, pp. 567-606
<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>We examine the contemporaneous relation between earnings forecast accuracy and recommendation profitability to assess the effectiveness with which analysts translate forecasts into profitable recommendations. We find that, after controlling for expertise, more accurate analysts make more...