flows, and examines its incremental role in explaining stock return volatility. We suggest that “other information” contains … timely basis than dividends or earnings. The link between “other information” and volatility can be derived from a … Ohlson's (1995) linear information dynamics. Using standardized regressions we find volatility increases when current “other …

with analyst forecast revisions. First, the market does not make a sufficient distinction between revisions that provide …. Finally, a substantial portion of the delayed price adjustment occurs around subsequent earnings-announcement and forecast …

' forecast error as a proxy for analysts' optimism, we find that there is a positive association between analysts' optimism and …

This paper examines whether textual management forecast commonalities that arise in a global crisis setting relate to … ex post forecast accuracy, and whether subsequent analyst revisions confirm the credibility relevance of these … those periods serve as catalysts for creating measures to assess management forecast credibility. After arguing that sales …

This paper focuses on the investment value of information contained in the tails of the analyst forecast distribution …

superior forecasting ability systematically time their forecast revisions later in the fiscal quarter. We then examine whether … this superior ability persists after controlling for this timing advantage by using relative forecast error, a measure that … largely eliminates the timing advantage of recent forecasts. Using a sample of quarterly earnings forecast revisions over the …

superior forecasting ability systematically time their forecast revisions later in the fiscal quarter. We then examine whether … this superior ability persists after controlling for this timing advantage by using relative forecast error, a measure that … largely eliminates the timing advantage of recent forecasts. Using a sample of quarterly earnings forecast revisions over the …

Tests of excessive volatility along the lines of Shiller (1981) and Leroy and Porter (1981) count among the most …

analysts observe the actions of investors and other analysts in order to more accurately forecast earnings and have the …