A Simultaneous Equations Analysis of Forecast Accuracy, Analyst Following, and Trading Volume

Keywords

Simultaneity, Earnings, Econometrics, Accounting, Economics

References

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• Corporate Disclosure Policy and Analyst Behavior.Mark H. Lang, Russell J. Lundholm — 1996
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• Trading Volume And Price Reactions To Public AnnouncementsOliver Kim, Robert E. Verrecchia — 1991
• Presidential Address: A simple model of capital market equilibrium with incomplete informationRobert C. Merton — 1987
• AICPA/Special committee on financial reportingEdward E. Nusbaum, Judith Weiss — 1993
• Analyst following and institutional ownershipPatricia C. O’Brien, Ravi Bhushan — 1990
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• Self-selection and Analyst CoverageMaureen F. McNichols, Patricia C. O’Brien — 1997
• Firm characteristics and analyst followingRavi Bhushan — 1989
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• On cross-sectional analysis in accounting researchAndrew Christie — 1987
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Cited by

• An investigation into the winner-loser and momentum anomalies in four medium-sized European marketsCormac O’Keeffe — 2013
• Selective disclosure: the case of the Korean securities marketJu Hyun Lee — 2010
• Should Analysts Act AloneRobert J. Bloomfield, Jeffrey Hales — 2006
• Security Analysts’ Earnings Forecasts: Distributions Normality and a Comparative Analysis of Fitted Distribution Types in the Development of a Surrogate ConsensusHenry Leung — 2011
• The Role of Volatility in ForecastingBernadette A. Minton, Catherine M. Schrand, Beverly R. Walther — 2002
• ESSAYS ON THE SARBANES-OXLEY ACT AND FOREIGN ISSUERS LISTED IN THE U.S.: MARKET VALUE AND INFORMATION MEASURESSabri Guray Uner — 2009
• ANALYST ACTIVITY AND CORPORATE GOVERNANCE: A GLOBAL PERSPECTIVEMinna Yu — 2007
• Are analysts biased? : an analysis of analysts' stock recommendations for stocks that perform contrary to expectationsThabang Mokoaleli‐Mokoteli — 2005
• Analyst Forecast Dispersion and Future Stock Return VolatilityMadhu Kalimipalli, George Athanassakos — 2006
• Analysts' Earnings Forecasts and the Value Relevance of EarningsTakashi Obinata — 2008
• Interim Income Tax Data and Earnings PredictionMark P. Bauman, Kenneth W. Shaw — 2002
• Why Do CEOs of Publicly Traded Firms Prefer Reporting Small Increases in Earnings and Long Duration of Consecutive Earnings IncreasesBin Ke — 2001
• IAS versus US GAAP: A "New Market" Based ComparisonChristian Leuz — 2000
• Why Are Analysts Less Likely to Follow Firms with High Managerial Ownership?Bok Baik, Jun‐Koo Kang, Richard M. Morton — 2010
• The Change in Corporate Transparency of Korean Firms After the Asian Financial Crisis: An Analysis Using Analysts' Forecast DataJinho Chang, Young Jun Cho, Hyun‐Han Shin — 2007
• Evidence on the Effect of Multiple Corporate Restructurings on Analysts' Earnings Forecasts: Do Analysts Learn from Prior Restructuring Events?Thomas J. Lopez, Michael B. Clement — 2000
• Idiosyncratic Volatility, Institutional Ownership, and Investment HorizonDoina Chichernea, Alex Petkevich, Blerina Bela Zykaj — 2013
• Adverse Selection Costs and Closed-End FundsJonathan Clarke, Kuldeep Shastri — 2001
• The Relative Importance of Forecast Accuracy Determinants Revisited: European EvidenceAlain Coën, Aurélie Desfleurs — 2008
• Information Asymmetry and Cross-Sectional Determinants of Insider TradingSteven J. Huddart, Bin Ke — 2006

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• Analyst Following and Market LiquidityDarren T. Roulstone — 2004
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• Stock Prices and the Supply of InformationMichael J. Brennan, Patricia J. Hughes — 1991
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• Disclosure Practices, Enforcement of Accounting Standards and Analysts' Forecast Accuracy: An International StudyOle‐Kristian Hope — 2003