Measure for Measure: The Relation between Forecast Accuracy and Recommendation Profitability of Analysts
We examine the contemporaneous relation between earnings forecast accuracy and recommendation profitability to assess the effectiveness with which analysts translate forecasts into profitable recommendations. We find that, after controlling for expertise, more accurate analysts make more profitable...
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Veröffentlicht in: | Journal of accounting research 2007-06, Vol.45 (3), p.567-606 |
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Format: | Artikel |
Sprache: | eng |
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