Do accurate earnings forecasts facilitate superior investment recommendations?

We find that analysts who issue more accurate earnings forecasts also issue more profitable stock recommendations. The average factor-adjusted return associated with the recommendations of analysts in the highest accuracy quintile exceeds the corresponding return for analysts in the lowest accuracy...

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Bibliographic Details
Main Authors: LOH, Roger, MIAN, G. Mujtaba
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2006
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/2641
https://ink.library.smu.edu.sg/context/lkcsb_research/article/3640/viewcontent/Do_accurate_earnings_forecasts_facilitate_superior_pp_2003.pdf
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Institution: Singapore Management University
Language: English

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