Wu, Liang; Long, Yunshen; Li, Wenyue; Wu, Bingyan - In: Journal of business economics and management 24 (2023) 1, pp. 37-53
and self-selection in analysts' earnings forecasts. The study investigates the impact of the analysts' disagreement and … the risk channel as the analysts' disagreement is associated with earnings uncertainty. The stock price will be discounted … before the actual earnings announcement. The second one is the optimistic bias channel. The optimistic bias channel means …