Chi, Yu-Ho; A. Ziebart, David - In: Review of Accounting and Finance 13 (2014) 4, pp. 371-399
impact on both the dispersion and the accuracy of subsequent analysts’ forecasts. It was found that the dispersion in … analysts’ forecasts is negatively related to the management forecast precision. In other words, a precise management forecast … is associated with a smaller dispersion in the subsequent analysts’ forecasts. Evidence consistent with accuracy in …