that analysts’ forecast errors increase with EPU, as does the degree of forecast dispersion. Increased error and dispersion … heterogeneity in forecast quality across both analyst and firm characteristics establishes that forecast error and dispersion … sensitive versus policy neutral provide consistent evidence that analyst forecast errors and dispersion increase with EPU, even …

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 …

This paper investigates whether private information from lending activities improves the forecast accuracy of bank …-affiliated analysts. Using a matched sample design, matching by affiliated bank or borrower, we demonstrate that the forecast accuracy of … in forecast accuracy is more pronounced for borrowers with greater information asymmetry, as measured by firm size and …

the first stage, financial analysts perform a fundamental analysis in which they are prone to a behavioral bias. In the … forecast. In their last revision, they become pessimistic and strategically deflate their earnings forecast, which creates the …

behavioral bias. In the second stage analysts can adjust their earnings forecast in line with their strategic incentives. The … inflating their forecast. In their last revision, they become pessimistic and strategically deflate their earnings forecast …

that the average forecast error has decreased over time reflecting the maturing of the Chinese securities firms. Affiliated … than un-affiliated firms which is contrary to findings from other countries. Also, forecast errors produced by local … to forecast earnings. Finally financial markets react stronger to stock recommendations by star analysts …

) we show in a practical manner that models converge to the same results based on real data of analysts forecast consensus …

to forecast future earnings accurately. This suggests that additional information is released during conference calls …. The reduction in forecast error is economically significant and larger in magnitude when compared to results for the US …