Are Financial Analysts Forecasts Of Corporate Profits Rational?
- Univ Chicago Press
- Publication Type:
- Journal Article
- Journal of Political Economy, 1998, 106 (4), pp. 768 - 805
- Issue Date:
Copyright Clearance Process
- Recently Added
- In Progress
- Closed Access
This item is closed access and not available.
This paper develops generalized method-of-moments tests for the rationality of earnings per share forecasts made by individual stock analysts. We fail to reject the hypothesis of rationality as long as we take into account two complications: (1) the corr
Please use this identifier to cite or link to this item: