Michalon, Karine; Lardic, Sandrine; Dossou, François - HAL - 2005
The evaluation of the reliability of analysts' earnings forecasts is an important aspect of research for different … well-known phenomenon, namely the existence of a positive bias in experts' anticipations: the latter tend to over …-estimate earnings. In this paper, we study the properties of this bias according to various aspects, that is to say according to country …