We examine how insider trading affects market responses to subsequent analyst forecast revisions in a global setting. We find stronger market responses to analyst forecast revisions subsequent to the insider trading than to other revisions. This stronger response is mainly driven by analyst...

This study examines the immediate and delayed market responses to revisions in analyst forecasts of earnings, target prices, and recommendations. Consistent with prior literature, revisions in earnings forecasts are positively and significantly associated with short-term market returns around...

We examine the role of teamwork within the top executive teams in generating management forecasts. Using social connections within the executive team to capture the team's interaction, cooperation, and teamwork, we find that social connections among team members are associated with higher...