Bagella, Michele; Becchetti, Leonardo; Ciciretti, Rocco - In: The European Journal of Finance 13 (2007) 2, pp. 105-122
The paper investigates the dynamics and determinants of the earning forecast bias in two (US and Eurozone) stock samples matched by size and industry affiliation. Evidence is found that the European bias is significantly higher in absolute terms, irrespective of the year and the distance from...