Leippold, Markus; Lohre, Harald - In: Journal of Empirical Finance 29 (2014) C, pp. 331-342
We find that stocks exhibiting high dispersion in analysts' earnings forecasts not only underperform in the U.S. but also in some European countries. Investigating the abnormal returns generated by the dispersion strategy around the world for the 1990–2008 sample period, we observe that the...