Information, Selective Disclosure, and Analyst Behavior
نویسندگان
چکیده
منابع مشابه
Information Uncertainty and Analyst Forecast Behavior*
Prior literature observes that information uncertainty exacerbates investor underreaction behavior. In this paper, I investigate whether, as professional investment intermediaries, sellside analysts suffer more behavioral biases in cases of greater information uncertainty. I show that greater information uncertainty predicts more positive (negative) forecast errors and subsequent forecast revis...
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ژورنال
عنوان ژورنال: Financial Management
سال: 2009
ISSN: 0046-3892,1755-053X
DOI: 10.1111/j.1755-053x.2009.01027.x