Coën, Alain; Desfleurs, Aurélie - In: L'Actualité Economique 86 (2010) 2, pp. 133-162
We analyze earnings forecasting errors made by financial analysts for 13 European countries over the 1990-2006 period. We use the Heston-Rouwenhorst approach to unravel country-, industry-, and firm-specific effects as a source of variation in financial analysts’ earnings forecast errors. We...