Wu, Liang; Long, Yunshen; Li, Wenyue; Wu, Bingyan - In: Journal of business economics and management 24 (2023) 1, pp. 37-53
and self-selection in analysts' earnings forecasts. The study investigates the impact of the analysts' disagreement and … self-selection on the stock returns. A theoretical analysis derives how the stock returns are correlated with the two … that the stock is overpriced if the investors do not correct the analysts' bias. The self-selection is negatively …