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 …

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 create an alternative, simpler definition of analyst forecast timeliness leaders based on their response after the … prior definitions of timeliness. Furthermore, prior forecast accuracy is positively associated to the forecast …

This paper examines the extent to which financial signaling affects the analysts' and managers' forecast releases. The … findings give evidence of heterogeneity of analysts' forecast errors between firms with strong financial indicators (high … group). The paper further indicates that managers' forecast releases also depend on the type of the firm and that managers …

(integrated) production of information. Nonetheless, this paper documents significant stock return and forecast revision …

earnings forecasters, we see that small adjustments to the model forecasts lead to more forecast accuracy. Based on past track …

(earnings) forecasts. Finally, we show that bond investors' reaction to bond analysts' cash flow forecast revision is greater … than that to bond analysts' earnings forecast and that bond market reacts only to bond analysts' forecast revisions but not … to equity analysts' forecast revisions. This manifests bond investors' stronger demand for reliable information on future …