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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Bibliographic Details
Main Authors: Hwang, Chuan-Yang, Li, Yuan
Other Authors: Nanyang Business School
Format: Article
Language:English
Published: 2020
Subjects:
Online Access:https://hdl.handle.net/10356/137670
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Institution: Nanyang Technological University
Language: English

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