Long-Term Earnings Growth Forecasts, Limited Attention, and Return Predictability
Long-term earnings expectations are critically important to stock price valuations. We identify relative optimism and relative pessimism in long-term analyst forecasts by comparing these forecasts with implied short-term earnings growth forecasts across rms within the same industry. Stocks with rela...
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| Main Authors: | , |
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| 格式: | text |
| 語言: | English |
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Institutional Knowledge at Singapore Management University
2010
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| 在線閱讀: | https://ink.library.smu.edu.sg/lkcsb_research/1564 https://ink.library.smu.edu.sg/context/lkcsb_research/article/2563/viewcontent/WarachkaMLongTermEarnings.pdf |
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