Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10009717147
Persistent link: https://www.econbiz.de/10010437261
We examine aggregate analyst forecast errors (AAFE) and find a systematic component, which is predictable using lagged stock market returns and macroeconomic variables. The evidence suggests that analysts do not fully take into account macroeconomic influences on individual firms' earnings in...
Persistent link: https://www.econbiz.de/10012928237