the aim of this study is to investigate into the relationship between parents' cultural capital and their tendency toward gender discrimination. many analysts and social theorists believe that cultural capital is one of the main factors which determines the cultural, economic, political and social structure. in addition, in this study gender discrimination, is examined so we have used the ...

Analysts often provide forecasts of one-year ahead earnings, earnings two-year ahead, as well as long-term earnings growth rates. In our attempts to understand the properties of these contemporaneous multi-period earnings forecasts, we begin by examining whether analysts’ earnings forecasts can be described using the linear information dynamics (LID). We find that LID is an appropriate descript...

This paper presents a model that relates properties of the analysts' information environment to the properties of their forecasts. First, we express forecast dispersion and error in the mean forecast in terms of analyst uncertainty and consensus (that is, the degree to which analysts share a common belief). Second, we reverse the relations to show how uncertainty and consensus can be measured b...

Abstract Theoretical models have long recognized the role of investor disagreements in marketplace, but little evidence is documented regarding how belief dispersion affects trading activities broad equity market. Using over three decades data from a survey US households, we introduced novel measure household macroeconomic and document its positive relationship with market-wide stock volume, ev...

This chapter develops a unified modeling framework for analyzing the strategic behavior of forecasters. The theoretical model encompasses reputational objectives, competition for the best accuracy, and bias. Also drawing from the extensive literature on analysts, we review the empirical evidence on strategic forecasting and illustrate how our model can be structurally estimated.

Analysts often provide forecasts of one-year ahead earnings, earnings two-year ahead, as well as long-term earnings growth rates. In our attempts to understand the properties of these contemporaneous multi-period earnings forecasts, we begin by examining whether analysts’ earnings forecasts can be described using the linear information dynamics (LID). We find that LID is an appropriate descript...