Bessière, Véronique; Elkemali, Taoufik - In: Managerial Finance 40 (2014), pp. 300-324
Purpose - This article aims to examine the link between uncertainty and analysts' reaction to earnings announcements for a sample of European firms during the period 1997-2007. In the same way as Daniel et al., the authors posit that overconfidence leads to an overreaction to private information...