status quo bias. We evaluated interest rate forecast series from twelve industrial nations. This revealed that, on average …, forecasts were much too close to the status quo - the current interest rate at the time when the forecast was made. With the aid …

This paper examines the extent to which financial signaling affects the analysts' and managers' forecast releases. The … findings give evidence of heterogeneity of analysts' forecast errors between firms with strong financial indicators (high … group). The paper further indicates that managers' forecast releases also depend on the type of the firm and that managers …

earnings forecast accuracy, as forecast accuracy may be a signal of decreased price impact of trades and increased profit … trading opportunities. We predict a negative association between ownership by dedicated investors and earnings forecast … forecast accuracy is not relevant for the investment decisions of quasi-indexers.Our empirical evidence suggests that transient …

We correlate analysts' forecast errors with temporal variation in investor sentiment. We find that when sentiment is … “uncertain” or “difficult to value” firms. Adding these forecast errors to a regression of stock returns on sentiment absorbs a …