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This study examines the impact of analysts' recommendations on stock prices listed on the Karachi Stock Exchange for the period 2006-12. The recommendations are extracted from the daily Morning Shout report published by Khadim Ali Shah Bukhari Securities Ltd (KASB), which provides buy and sell...
Persistent link: https://www.econbiz.de/10013052098
impact on near term analysts' forecast bias. We find 0.72% (0.43%) cumulative abnormal return for the acquirer stocks of cash … hypothesis, suggesting analyst's earnings forecast right before merger announcements may be influenced by merger means of payment …
Persistent link: https://www.econbiz.de/10013017575
impact on near term analysts' forecast bias. We find 0.72% (0.43%) cumulative abnormal return for the acquirer stocks of cash … hypothesis, suggesting analyst's earnings forecast right before merger announcements may be influenced by merger means of payment …
Persistent link: https://www.econbiz.de/10013023788
forecast accuracy. These results are consistent with the proposition that, while analysts apparently find XBRL data to be …
Persistent link: https://www.econbiz.de/10012984942
This paper investigates the problem of time stamp errors in the IBES database, the most important data provider of analyst recommendations and forecasts currently. We compare IBES to alternative data sources and show that IBES announcement dates of both recommendations and forecasts are...
Persistent link: https://www.econbiz.de/10012994064
, although they are supposed to be displayed in euros, which can severely distort results concerning earnings forecast accuracy …
Persistent link: https://www.econbiz.de/10012925798
of their earnings forecast accuracy. Various psychological factors, such as decision style and personality traits, are … factors related to forecast accuracy, we document that controlling for these unidentifiable analyst-specific effects improves …. We confirm that the analyst's firm-specific experience, the intensity of following that a firm receives, and the forecast …
Persistent link: https://www.econbiz.de/10013079889
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
significant government ownership issued relatively less pessimistic (or more optimistic) earnings forecasts, earnings-forecast …
Persistent link: https://www.econbiz.de/10011931362
(integrated) production of information. Nonetheless, this paper documents significant stock return and forecast revision …
Persistent link: https://www.econbiz.de/10012967356