Are accurate bold forecasts better than accurate non-bold forecasts? Investors’ reactions to the joint effect of forecast boldness salience and forecast timing

• Main Author: Bo, Zhou
• Other Authors: Tan Hun Tong
• Format: Theses and Dissertations
• Language: English
• Published: 2013
• Subjects: DRNTU::Business::Accounting.
• Online Access: https://hdl.handle.net/10356/51234
• Institution: Nanyang Technological University

In this study, I conduct an experiment to investigate how financial analysts‘ forecast boldness salience and forecast timing jointly influence investors‘ willingness to pay for investment advice, holding constant the accuracy of the forecast. I consider forecast boldness salience to refer to the ext...