industry-level external economic forces. We find that for such firms, the relative earnings forecast accuracy of analysts …

analysts' forecast revisions and prior stock price changes. We validate this measure by examining whether analysts with lower …. We find that the stock price impacts of forecast revisions issued by analysts with higher PPI are larger than those … of directors rely more on analysts' forecast errors in their CEO turnover decisions when firms are followed by analysts …

present a model in which forecast accuracy and timing are affected by information uncertainty stemming from (i) the presence … of forecast bias and (ii) investors' limited capability to adjust to this bias. We assume that the presence of a bias is … affects the trade-off between timeliness and forecast quality. We find that the optimal forecasting time varies non …

Prior research on financial analyst' quarterly earnings forecasts has documented serial correlation in forecast errors …. This paper examines the way serial correlation in quarterly earnings forecast errors varies with firm and analyst … correlation in forecast errors is significant and seemingly independent of firm and analyst attributes, I model consensus forecast …