Zeng, Yongliang; Chan, Kam C.; Chen, Yunzhu; Liu, Lingjie - In: Borsa Istanbul Review 23 (2023) 2, pp. 269-284
We examine the impact of managerial sentiment on analysts' following decisions and earnings forecast accuracy. By … find that when managerial sentiment is more positive, firms attract more analyst following, while analysts' earnings … of managerial sentiment and analyst earnings forecasts. Additional analysis suggests that the impact is more salient for …