Srinidhi, Bin; Leung, Sidney; Jaggi, Bikki - In: Journal of Accounting and Public Policy 28 (2009) 5, pp. 401-418
In this paper, we provide evidence that the quality of short-term analyst forecasts improved but the quality of long-term analyst forecasts deteriorated after the implementation of Regulation Fair Disclosure (FD). More specifically, our results show that the precision of the idiosyncratic...