recognised initially in bull market or from the M&A without founder-chairman or founder-CEO contains more bubbles and tends to be … lower quality. The more the bubbles, the larger the optimism or the errors of analysts’ forecasts. In order to exclude the …

better understand how financial analysts forecast earnings. We focus on forecasts for Real Estate Investment Trusts (REITs … regression analysis finds that the severity of the pandemic increases analysts' forecast error and dispersion. Government … forecast error rises by more, for REITs, when focusing on Hospitality and Industrial properties, and dispersion rises by more …

"This paper analyzes the possibility and the consequences of rational bubbles in a dy- namic economy where financially … (scarce). We analyze extensions with firm heterogeneity and sto- chastic bubbles"--National Bureau of Economic Research web …