The purpose of this paper is to investigate the relationship between financial disclosure of listed Romanian companies and analysts’ forecast accuracy. The results confirmed the European and the international trends showing that increased disclosure leads to lower forecast errors. For the...

The primary objective of this study is to examine the effect of prior restructuring charges on analyst forecast revisions and accuracy. We find evidence that analysts respond differently to first-time restructuring firms than to repeat restructuring firms. Analysts revise their forecasts of both...