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The nexus between analyst forecast dispersion and expected returns surrounding stock market crashes
Chong, Terence Tai-Leung; Wang, Xiaolei - In: Journal of risk and financial management : JRFM 2 (2009) 1, pp. 75-93
empirical study has investigated the nexus between the analyst forecast dispersion (AFD) and excess returns surrounding stock …
Persistent link: https://www.econbiz.de/10011556115
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Do Managers Always Know Better? Relative Accuracy of Management and Analyst Forecasts
Hutton, Amy P. - 2012
the industry level. The two have comparable abilities to forecast earnings for firms with revenues or earnings that are …
Persistent link: https://www.econbiz.de/10013107227
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The Effects of Corporate Governance and Product Market Competition on Analysts’ Forecasts : Evidence from the Brazilian Capital Market
Almeida, Jose Elias Feres de - 2015
We investigate how the interaction between product market competition and firm-level corporate governance enhances the accuracy of analysts' forecasts and reduces the forecasts' deviation. Using a sample of Brazilian public firms covered by analysts, we find that competitive industries provide...
Persistent link: https://www.econbiz.de/10013021973
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Expectations Management and Beatable Targets : How Do Analysts React to Explicit Earnings Guidance?
Cotter, Julie; Tuna, A. Irem; Wysocki, Peter D. - 2006
optimism, when analysts' forecast dispersion is low. Analysts quickly react to management guidance and they are more likely to …
Persistent link: https://www.econbiz.de/10014058280
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Is There Safety in Numbers? The Effects of Forecast Accuracy and Forecast Boldness on Financial Analysts' Credibility with Investors
Kadous, Kathryn - 2009
This paper reports the results of an experiment that examines how analyst forecast accuracy (i.e., how close an analyst …'s forecast is to realized earnings) and forecast boldness (i.e. how far the analyst's forecast is from the consensus forecast …) affect the analyst's perceived credibility and investors' willingness to rely on and purchase the analyst's future reports …
Persistent link: https://www.econbiz.de/10013160453
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Do Analyst Experience, Location and Gender Affect the Performance of Broker Recommendations in Europe?
Harvey, Campbell R. - 2011
We examine how broker characteristics impact the performance of their recommendations in Europe. In contrast to extant …
Persistent link: https://www.econbiz.de/10013124723
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Do Managers Trade on Public or Private Information? Evidence from Fundamental Valuations
Veenman, David - 2013
Using accounting-based (residual income) valuations, this study examines the extent to which abnormal returns after insider share trades are explained by private information versus mispricing of public information. For a sample of insider trades in the Netherlands (1999-2008), I find that...
Persistent link: https://www.econbiz.de/10013092097
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Evidence on the Information Content of Text in Analyst Reports
Huang, Allen - 2014
We document that textual discussions in a sample of 363,952 analyst reports provide information to investors beyond that in the contemporaneously released earnings forecasts, stock recommendations, and target prices, and also assist investors in interpreting these signals. Cross-sectionally, we...
Persistent link: https://www.econbiz.de/10013067668
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Security Analyst Networks, Performance and Career Outcomes
Horton, Joanne - 2009
ability predicts an analyst's future network position. In contrast, past forecast optimism has a positive association with …
Persistent link: https://www.econbiz.de/10013153187
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Analysts, Taxes, and the Information Environment
Kim, Sangwan - 2019
analyst tax-related forecast errors …
Persistent link: https://www.econbiz.de/10012904758