Scholarship in finance has paid relatively little attention to the role of culture in financial decision … power of culture for these investment biases and outline several new potential directions for research …

This paper tests the performance of stock market forecasts derived from technical analysis by means of a specific …. Two test statistics are introduced to utilize the indicator. The results show that the forecasts generated from the … indicator would enable investors to escape most of the crashes and catch most of the bull runs. The trading signals provided by …

forecasts. Yet bias does not necessarily invalidate a forecast, nor does it impinge on its relative quality. We find that … analysts' forecasts are optimistic relative to recently introduced fundamental alternatives. However, analysts' forecasts have … lower absolute deviation and the information in their earnings forecasts has predictive value for near-term stock returns …

(integrated) production of information. Nonetheless, this paper documents significant stock return and forecast revision …