Cox, Raymond; Dayanandan, Ajit; Donker, Han; Nofsinger, … - In: Review of Behavioral Finance 10 (2018) 2, pp. 130-145
Purpose: Financial analysts have been found to be overconfident. The purpose of this paper is to study the ramifications of that overconfidence on the dispersion of earnings estimates as a predictor of the US business cycle. Design/methodology/approach: Whether aggregate analyst forecast...