to forecast future earnings accurately. This suggests that additional information is released during conference calls …. The reduction in forecast error is economically significant and larger in magnitude when compared to results for the US …

groups more than forecasts by laypeople; I observe a home bias in all subject groups, which can be mitigated by information … signals; all subject groups expect lower forecast errors for financial professionals than for laypeople, hence I also find …

an important role for the general level of forecast accuracy, we furthermore investigate whether star-analysts benefit … from higher levels of governance. Our findings suggest that forecast accuracy of star-analysts increases with the level of …