Anderson, Heather; Chan, Howard; Faff, Robert; Ho, Yew Kee - In: Australian Journal of Management 37 (2012) 3, pp. 333-359
We apply a new methodology, modified Granger causality tests, to further analyze the information flows between earnings and forecasts. Our application focuses on the dynamic interaction between reported earnings and analysts’ forecasts. Based on long time series of analyst earnings...