Yeo, Gillian Hian Heng; Ziebart, David A - In: Review of Quantitative Finance and Accounting 5 (1995) 1, pp. 5-25
This study examines the inferential bias due to the failure to control for self-selection when studying the market's reaction to management earnings forecasts. The analysis is conducted by controlling for self-selection and comparing the results to those obtained when self-selection is not...