Do accurate earnings forecasts facilitate superior investment recommendations?

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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書目詳細資料
Main Authors:	LOH, Roger, MIAN, G. Mujtaba
格式:	text
語言:	English
出版:	Institutional Knowledge at Singapore Management University 2006
主題:	Earnings-based valuation models Earnings forecasts Stock recommendations Security analysts Finance and Financial Management Portfolio and Security Analysis
在線閱讀:	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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