distorted on average. In the first 90 days after an IPO, this relative forecast bias even increases to 63 percentage points and …, 2009. Before this regulatory reform, the optimistic bias in post-IPO earnings forecasts is highly comparable across … for fiscal years further away from the forecast release date …

analysts’ earnings forecast bias in Chinese multinational corporations. We find that analysts’ earnings forecast bias is … greater the bias in analysts’ earnings forecasts. Various methods, such as the Heckman two-stage least squares, propensity … analysts’ competence are critical factors that moderate the relationship between international diversification and forecast …

By obtaining a novel proprietary city-level panel dataset of stock returns and trading volume in China, this article …

This paper investigates the effect of economic policy uncertainty (EPU) on gambling activity in China. Based on a …