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Investor learning about analyst predictive ability

✍ Scribed by Qi Chen; Jennifer Francis; Wei Jiang


Book ID
116591481
Publisher
Elsevier Science
Year
2005
Tongue
English
Weight
298 KB
Volume
39
Category
Article
ISSN
0165-4101

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## Abstract We study the impact of analyst forecasts on prices to determine whether investors learn about analyst accuracy. The straight‐forward relationship between supply and price, the economic importance of the market, the predictable timing of forecast error realizations, and the high frequenc