individual analysts' forecast bias tendencies, we show that the stronger return response they find to conservative analysts …' forecast revisions is restricted to poor information environments, where optimistic analyst bias is prevalent. Our results … suggest that analysts pay a price in market influence when their forecasts reinforce analysts' typical forecast bias for the …

Using analysts' multi-period earnings forecasts, this paper investigates whether analyst forecast errors are related to … higher information uncertainty, and (3) forecasts with longer forecast horizons (e.g., forecasts issued far before fiscal … year end). Adding forecast errors to a growth-return regression substantially reduces the coefficient on asset growth …

We find that the salience distortions of past fundamental information significantly predict future analyst forecast … forecast errors are more pronounced in firms with opaque earnings. Moreover, the dispersion of analyst forecasts is …

We address whether analysts bias earnings forecast revisions and convey the bias using forecast revision consistency, i … forecast revision consistency to convey information about bias in their earnings forecast revisions ….e., the extent to which analyst reports with earnings forecast revisions include stock recommendation and target price …

This study examines the relationship between analyst forecast dispersion or accuracy and supplier concentration of … analyst forecast dispersion, which can be attributed to the increased attention it receives from analysts. Moreover, this …