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influence voting outcomes. We develop a probabilistic voting model in which voters do not have complete information about the … forecasters with economic interest (stakes) and influence to publish biased forecasts prior to a referendum. We test our theory …
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uence voting outcomes. We develop a probabilistic voting model in which voters do not have complete information about the … forecasters with economic interest (stakes) and in uence to publish biased forecasts prior to a referendum. We test our theory …
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the predictions of the spatial voting model. I illustrate this procedure by testing the predictive power of the uncovered … set - a solution concept of the multidimensional spatial voting model - using roll call data from the U.S. Senate. Since …
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This study examines how firms' voluntary disclosure decisions are influenced by product market competition. Using separate measures to capture different dimensions of competition, I show that competition from potential entrants increases disclosure quantity while competition from existing rivals...
Persistent link: https://www.econbiz.de/10014191581
Analysts' functions are divided into discovery and interpretation roles, but separating between the two is non-trivial. We conjecture that analysts' interpretation skill can be gauged by their forecast revisions following material unanticipated news — in particular following non-earnings 8-K...
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