Beaver, William; Cornell, Bradford; Landsman, Wayne R.; … - In: Journal of Business Finance & Accounting 35 (2008-06) 5-6, pp. 709-740
We present a comprehensive analysis of the association between stock returns, quarterly earnings forecast errors, and quarter-ahead and year-ahead earnings forecast revisions. We find that forecast errors and the two forecast revisions have significant effects on stock prices, indicating each...