Earnings Predictability And Broker-Analysts’ Earnings Forecast Bias
نویسندگان
چکیده
منابع مشابه
Investor Sentiment and Analysts' Earnings Forecast Errors
W correlate analysts’ forecast errors with temporal variation in investor sentiment. We find that when sentiment is high, analysts’ forecasts of one-year-ahead earnings and long-term earnings growth are relatively more optimistic for “uncertain” or “difficult-to-value” firms. Adding these forecast errors to a regression of stock returns on sentiment absorbs a sizable fraction of the explanatory...
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ژورنال
عنوان ژورنال: Journal of Applied Business Research (JABR)
سال: 2017
ISSN: 2157-8834,0892-7626
DOI: 10.19030/jabr.v33i6.10061