Louth, R. J.; Joos, P.; Satchell, S. E.; Weyns, G. - In: The European Journal of Finance 16 (2010) 2, pp. 97-118
The purpose of this paper is to model analysts' forecasts. The paper differs from the previous research in that we do not focus on how accurate these predictions may be. Accuracy may indeed be an important quality but we argue instead that another equally important aspect of the analysts' job is...