forecasts, this bias tending to be higher in countries with less investor protection. This forecast bias declined significantly …

earnings forecast optimism and positively associated with their forecast accuracy. Using multiple proxies for economic … incentives and cognitive biases, we find that individualism affects analyst forecast optimism and accuracy through the economic …

We investigate the association between corporate international diversification and the accuracy and bias of consensus …

magnitude of forecast bias over the forecast horizon, the percentage of optimistic and pessimistic forecast errors at long … inform regulators as they attempt to reduce or eliminate analyst forecast bias; eliminating incentives to bias may not lead …Analyst forecasting bias is frequently attributed to opportunism. We argue that opportunism is not a necessary …