Our study delves into analysts' motivation to issue concurrent cash flow forecasts in addition to earnings forecasts to achieve the analysts' specific strategic objectives. To investigate this motivation, we use economics based signaling theory and psychology based support theory to develop our...

We investigate whether the well-known positive association between past stock returns and analysts' earnings forecast revisions differs for stocks that have experienced extreme positive (or negative) price changes. We document an asymmetry in this association depending on whether a stock...

We find that forecast revisions by analysts with more favorable surnames elicit stronger market reactions. The effect is stronger among firms with lower institutional ownership and for analysts with non-American first names. Following the 9/11 terrorist attacks, and France and Germany's...