paper is to investigate whether following the Tunisian stock market opening, both the analyst forecast accuracy and the … increasing with time. Second, we find evidence that earnings expectations are not mainly based on analyst forecast in the first … (2010–2015) as analyst forecast better explain returns and exhibit greater relative information content. …

the risk channel as the analysts' disagreement is associated with earnings uncertainty. The stock price will be discounted …

forecasts. Yet bias does not necessarily invalidate a forecast, nor does it impinge on its relative quality. We find that …

We document an improvement in analysts’ forecast accuracy following increased sector ETF ownership. We identify a …, analysts have an opportunity to re-optimize their attention to firm-specific information and improve forecast accuracy …

controls for the forecast error throughout the quarter. Results show that during high macro uncertainty periods, the market … earnings forecasts when the economy is unforecastable. Our study uses a novel measure of macroeconomic (macro) uncertainty from … during low macro uncertainty periods. We also report a lower likelihood of managing earnings to beat analyst earnings …