This paper develops generalized method-of-moments tests for the rationality of earnings per share forecasts made by individual stock analysts. We fail to reject the hypothesis of rationality as long as we take into account two complications: (1) the cor
Prior studies using ordinary least squares (OLS) regression find that financial analysts do not effi...
ABSTRACT The inefficiency of the Financial Analysts in using the public information whilst making th...
The purpose of this study has been to examine what determines changes in stock prices. According to ...
This paper revisits the claim by Keane and Runkle [J. Polit. Econ. 106 (1998) 768] that analyst fore...
The aim of this dissertation is to test whether analysts can efficiently use the publicly available ...
Abstract Most prior studies test analyst's earnings forecast based on different assumptions of loss...
Analysts play very important roles in financial markets. They add value to the market in general and...
In this paper, we propose a rational learning-based explanation for the predictability in financial ...
In this paper, we propose a rational learning-based explanation for the predictability in financial ...
ABSTRACT Prior research has been widely documented that financial analysts earnings forecast are no...
In order to examine the robustness of Basu and Markov' s findings, we estimate the rationality of ea...
Prior research concludes that financial analysts do not process public information efficiently in ge...
In this paper I examine whether banks ’ rationally utilize security an-alysts ’ earnings forecasts t...
Prior studies using ordinary least squares (OLS) regression find that financial analysts do not effi...
ABSTRACT The inefficiency of the Financial Analysts in using the public information whilst making th...
The purpose of this study has been to examine what determines changes in stock prices. According to ...
This paper revisits the claim by Keane and Runkle [J. Polit. Econ. 106 (1998) 768] that analyst fore...
The aim of this dissertation is to test whether analysts can efficiently use the publicly available ...
Abstract Most prior studies test analyst's earnings forecast based on different assumptions of loss...
Analysts play very important roles in financial markets. They add value to the market in general and...
In this paper, we propose a rational learning-based explanation for the predictability in financial ...
In this paper, we propose a rational learning-based explanation for the predictability in financial ...
ABSTRACT Prior research has been widely documented that financial analysts earnings forecast are no...
In order to examine the robustness of Basu and Markov' s findings, we estimate the rationality of ea...
Prior research concludes that financial analysts do not process public information efficiently in ge...
In this paper I examine whether banks ’ rationally utilize security an-alysts ’ earnings forecasts t...
Prior studies using ordinary least squares (OLS) regression find that financial analysts do not effi...
ABSTRACT The inefficiency of the Financial Analysts in using the public information whilst making th...
The purpose of this study has been to examine what determines changes in stock prices. According to ...