Work

Over‐Reaction by Security Market Analysts: The Impact of Broker Status and Firm Size

Year: 1996

Type: article

Abstract: The aim of this study is to provide an examination of short‐term earnings forecasts for evidence of systematic over‐reaction. Analysts' predicted changes in earnings are compared with the realised changes to identify the contribution of systematic error (bias and generalised over‐reaction) to the mean square error. A second analysis investigates whether analysts over‐react to prior earnings changes. For both analyses, the impact of firm size and analysts' broker status are investigated.

Source: Journal of Business Finance &amp Accounting

DOI: 10.1111/1468-5957.00077

Author: Simon Hussain

Institution: Newcastle University

Language: English

Topic: Auditing, Earnings Management, Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2133635869

FWCI: 2.317

Cites: 31

Cited by: 16

Related to: 10