' forecast bias. Based on the theoretical literature on sell-side analysts, I argue that forecast bias is correlated to investors …

We test the implications of anchoring bias associated with forecast earnings per share (FEPS) for forecast errors … more positive forecast revisions, more negative forecast errors, and more negative earnings surprises after a stock split …

before the actual earnings announcement. The second one is the optimistic bias channel. The optimistic bias channel means … that the stock is overpriced if the investors do not correct the analysts' bias. The self-selection is negatively … correlated with the stock return through the optimistic bias channel as more self-selection means more optimistic bias as low …

and forecast errors with respect to corporate earnings and target prices), our results show that the information value of …

primarily driven by discount rate, long term growth rate and unpublished FCF forecast changes (NON FCF changes). We show … price is related to momentum, to company earnings exceeding consensus forecast and to the company recently having announced …