Baber, William R.; Kim, Jong-Dae; Kumar, Krishna R. - In: Journal of Business Finance & Accounting 26 (1999-11) 9-10, pp. 1177-1198
We investigate whether earnings forecasts are improved by earlier earnings disclosures by firms in the same industry. We find improvements for time series forecasts, but not for analysts' forecasts. Considering prior earnings announcements reduces correlations between forecast errors and...
