The recent period has highlighted a well-known phenomenon, namely the existence of a positive bias in experts' anticipations. Literature on this subject underlines optimism in the financial analyst community. In this work, our significant contributions are twofold: we provide explanatory bias...

The recent period has highlighted a well-known phenomenon, namely the existence of a positive bias in experts’ anticipations. Literature on this subject underlines optimism in the financial analyst community. In this work, our significant contributions are twofold: we provide explanatory bias...

The evaluation of the reliability of analysts' earnings forecasts is an important aspect of research for different reasons: Many empirical studies employ analysts' consensus forecasts as a proxy for the market's expectations of future earnings in order to identify the unanticipated component of...

The recent period has highlighted a well-known phenomenon, namely the existence of a positive bias in experts' anticipations. Literature on this subject underlines optimism in the financial analyst community. In this work, our significant contributions are twofold: we provide explanatory bias...

The recent period has highlighted a well-known phenomenon, namely the existence of a positive bias in experts' anticipations. Literature on this subject underlines optimism in the financial analyst community. In this work, our significant contributions are twofold: we provide explanatory bias...

The use of the trading halts is a practice common to all markets. However, the advantages and the disadvantages of the measurements are regularly discussed. The partisans think that the trading suspensions or the price limits make it possible to the investors to have time to react to the new...

Aujourd'hui, les réglementations de toutes les places boursières prévoient des procédures d'interruption de cotation. Le rôle de ces dispositifs est de permettre l'information des participants au marché et de protéger les intérêts des petits porteurs. Il s'agit ainsi de garantir...

Les interruptions de cotation réglementées d'Euronext Paris et de toutes les autres places boursières ont pour but de réduire les asymétries d'informations et la volatilité et de permettre l'émergence d'un consensus. L'usage de ces interruptions est très fréquent sur le marché boursier...

Le rôle des interruptions de cotation est de permettre l'information des participants au marché et de protéger les intérêts des petits porteurs. Il s'agit ainsi de réduire les asymétries d'information et la volatilité. L'objectif de notre travail est d'appréhender empiriquement les...

The purpose of the regulated halts on stock exchange markets is to spread the information on the market and to protect the interests of the small shareholders. The aim of this work is to empirically investigate the price limits on the French stock exchange market. We analyze the impact of such...