factors. This paper builds a theoretical model to forecast excess returns on treasury bonds in the context of China's unique …

the factors which influence the forecast decision on shares of the companies. The P/E ratio, dividend yield, return on …' forecast in emerging CSE. The stock analysts forecast decision more concern on firm dividend than capital gain. We … indicators of the return sort, volatility of shares have a significant impact on perfect investment decision. The emerging …

analyst report readability reduces forecast dispersion but is not associated with revision news, and that market reactions are … forecast dispersion predicted by report readability. Finally, the positive effect of readability on stock prices is higher when … more R&D spending, when transaction costs are higher, when analysts are more experienced, or when forecasts are issued …

This research investigates Value Line short-horizon and long-horizon earnings and stock price forecasts. From 1987 …-1998, Value Line analysts issued optimistic quarterly and annual EPS forecasts. This is consistent with prior research showing … that analysts generally issued upwardly biased earnings forecasts. From 1999-2008, however, the optimistic bias in Value …

not deliver satisfactory forecasts. However, when we adopt a time-varying decision rule, the ratio becomes a statistically … statistically significant predictor of equity market corrections. We find that the static decision rule suggested by Buffett does … significant predictor of equity market corrections. This new decision rule is robust to changes in its key parameters: the …

affect future earnings announcements. A cross-sectional equity trading strategy that exploits this inefficiency yields an … in the next quarter. Our oil-response forecast strategy earns especially high returns in periods that follow large …

standard GARCH specification, the non-linear models generally lead to better forecasts in terms of both smaller forecast errors … price indexes. Forecasts produced by each non-linear GARCH model and each index are evaluated using a common set of … classical criteria, as well as forecast combination techniques with constant and non-constant weights. With respect to the …

forecasts. Yet bias does not necessarily invalidate a forecast, nor does it impinge on its relative quality. We find that … analysts' forecasts are optimistic relative to recently introduced fundamental alternatives. However, analysts' forecasts have … lower absolute deviation and the information in their earnings forecasts has predictive value for near-term stock returns …