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rounded forecast. Finally, we find that the stock market understands these effects and discounts for analyst decision fatigue …Psychological evidence indicates that decision quality declines after an extensive session of decision-making, a … phenomenon known as decision fatigue. We study whether decision fatigue affects analysts' judgments. Analysts cover multiple …
Persistent link: https://www.econbiz.de/10012835777
Measuring the information environment of firms using analyst (price) forecast bias and forecast dispersion before … initial returns of initial public offerings (IPOs). We find the smaller the analyst forecast bias/dispersion, the lower the …
Persistent link: https://www.econbiz.de/10011844492
paper is to investigate whether following the Tunisian stock market opening, both the analyst forecast accuracy and the … increasing with time. Second, we find evidence that earnings expectations are not mainly based on analyst forecast in the first … (2010–2015) as analyst forecast better explain returns and exhibit greater relative information content. …
Persistent link: https://www.econbiz.de/10011882305
Psychological evidence indicates that decision quality declines after an extensive session of decision-making, a … phenomenon known as decision fatigue. We study whether decision fatigue affects analysts' judgments. Analysts cover multiple … firms and often issue several forecasts in a single day. We find that forecast accuracy declines over the course of a day as …
Persistent link: https://www.econbiz.de/10012926415
Psychological evidence indicates that decision quality declines after an extensive session of decision-making, a … phenomenon known as decision fatigue. We study whether decision fatigue affects analysts' judgments. Analysts cover multiple … firms and often issue several forecasts in a single day. We find that forecast accuracy declines over the course of a day as …
Persistent link: https://www.econbiz.de/10012453421
We show empirically that analysts who display more consistent forecast errors have greater ability to affect prices …
Persistent link: https://www.econbiz.de/10013112082
uncertainty, as reflected by greater timeliness with no loss in forecast accuracy. In contrast, analysts have greater difficulty … dealing with heightened market uncertainty, as both timeliness and forecast accuracy decline …
Persistent link: https://www.econbiz.de/10010250690
empirical study has investigated the nexus between the analyst forecast dispersion (AFD) and excess returns surrounding stock …
Persistent link: https://www.econbiz.de/10011556115
. We also conduct a study on the persistence of forecast accuracy across analysts and across stocks over the 15-year period … analyst forecast values and back-test a range of forecast-driven systematic strategies …
Persistent link: https://www.econbiz.de/10012842120
is a cost-saving measure, a natural byproduct of analysts focusing on thematic research, and a reflection of forecast … forecast bundling has important implications for the properties of analysts' forecasts …
Persistent link: https://www.econbiz.de/10012902228