Lorek, Kenneth; Pagach, Donald - In: Review of Quantitative Finance and Accounting 39 (2012) 3, pp. 293-308
In this paper, we examine the linkage between analyst advantage (AA) (compared to the seasonal random walk model) in the prediction of quarterly earnings-per-share (EPS) and a broad set of economic determinants. Specifically, we employ a pooled cross-sectional time-series regression model where...