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controls for the forecast error throughout the quarter. Results show that during high macro uncertainty periods, the market …
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empirical study has investigated the nexus between the analyst forecast dispersion (AFD) and excess returns surrounding stock …
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This study proposes and validates “other information” in analysts' forecasts as a legitimate proxy for future cash flows, and examines its incremental role in explaining stock return volatility. We suggest that “other information” contains information about fundamentals beyond that...
Persistent link: https://www.econbiz.de/10013075116
analyst effort (proxied by analyst coverage) and expertise (proxied by consensus cross-analyst forecast variability) affect … forecast accuracy more significantly for shares traded by foreign investors than for shares traded by local investors …. Additionally, I find that the relation between analyst characteristics and relative forecast accuracy is stronger for shares traded …
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