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paper is to investigate whether following the Tunisian stock market opening, both the analyst forecast accuracy and the … to increase over time as analysts exert more effort and gain valuable forecasting experience, and also that the reliance … increasing with time. Second, we find evidence that earnings expectations are not mainly based on analyst forecast in the first …
Persistent link: https://www.econbiz.de/10011882305
empirical study has investigated the nexus between the analyst forecast dispersion (AFD) and excess returns surrounding stock …
Persistent link: https://www.econbiz.de/10011556115
Persistent link: https://www.econbiz.de/10010409177
Firms whose quarterly earning announcements closely meet the most recent analyst consensus forecast enjoy higher long …
Persistent link: https://www.econbiz.de/10013150256
I utilize the recursive partitioning method to extract analysts' weight of forecasts assigned in their stock recommendation decisions. My findings suggest that in addition to analysts' earnings forecasts, the non-earnings forecasts, such as sales forecasts and net income forecasts, also play an...
Persistent link: https://www.econbiz.de/10012826894
finds that discretionary halts lead to a decrease in the number of analysts following, a decline in analysts' forecast … accuracy, and an increase in analysts' forecast dispersion. Further research finds that reducing the amount and the decline of …
Persistent link: https://www.econbiz.de/10012799007
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We examine article, author and firm characteristics of investment articles published by non-professional analysts on the social media investment platform Seeking Alpha from 2006 to 2020 leading to visible market value changes. We show that there are differences between articles followed by stock...
Persistent link: https://www.econbiz.de/10013290160
Measuring the information environment of firms using analyst (price) forecast bias and forecast dispersion before … initial returns of initial public offerings (IPOs). We find the smaller the analyst forecast bias/dispersion, the lower the …
Persistent link: https://www.econbiz.de/10011844492
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