present a model in which forecast accuracy and timing are affected by information uncertainty stemming from (i) the presence … of forecast bias and (ii) investors' limited capability to adjust to this bias. We assume that the presence of a bias is … affects the trade-off between timeliness and forecast quality. We find that the optimal forecasting time varies non …

that analysts’ forecast errors increase with EPU, as does the degree of forecast dispersion. Increased error and dispersion … heterogeneity in forecast quality across both analyst and firm characteristics establishes that forecast error and dispersion … sensitive versus policy neutral provide consistent evidence that analyst forecast errors and dispersion increase with EPU, even …

This study examines the relationship between components of OCI and analysts' forecasting behaviour, being forecast … negatively associated with forecast accuracy and herding. We also find that available for sale (AFS) amounts are positively … associated with forecast accuracy, herding and analyst following. Together with prior evidence, our findings provide empirical …

earn low future returns composing of both immediate-forecast-revision responses and post-forecast-revision price drifts. We … than 60% of the analyst forecast revisions and 30% of the revision-related market responses …

positively associated with analyst coverage, the size of forecast errors, as well as the extent of forecast dispersion … and both forecast accuracy and dispersion is stronger for firms in the resources and mining industries, and for longer … forecast horizons. Our results are consistent with heightened EPU being associated with a decline in firms’ information …

uncertainty, as reflected by greater timeliness with no loss in forecast accuracy. In contrast, analysts have greater difficulty … dealing with heightened market uncertainty, as both timeliness and forecast accuracy decline …

I investigate the dynamics of analyst forecast errors relative to economic policy uncertainty and find a significant … positive relation between economic policy uncertainty and analyst forecast errors. A doubling of economic policy uncertainty is … associated with a 4.29 percentage points increase in earnings (EPS) forecast errors, and the volatility and dispersion in analyst …

positively associated with forecast distributions that are more dispersed and exhibit stronger bimodal patterns, consistent with …