Agrawal, Anup; Chadha, Sahiba; Chen, Mark A. - In: The Journal of Business 79 (2006) 6, pp. 2811-2834
We examine Regulation FD's impact on the accuracy and dispersion of sell-side analysts' earnings forecasts. Using a large sample of quarterly forecasts made over a nearly 10-year period surrounding FD's adoption, we uncover two main sets of findings. First, individual and consensus forecasts...