Analysts' reputational concerns, self-censoring, and the international dispersion effect
Stocks with higher forecast dispersion earn lower future returns and have a greater upward bias in the mean reported earnings forecast in international markets. Both phenomena are stronger in countries with more transparent information environments, more developed stock markets, stronger investor pr...
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Main Authors: | Hwang, Chuan-Yang, Li, Yuan |
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Other Authors: | Nanyang Business School |
Format: | Article |
Language: | English |
Published: |
2020
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Subjects: | |
Online Access: | https://hdl.handle.net/10356/137670 |
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Institution: | Nanyang Technological University |
Language: | English |
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