The Sobering Up Effect: Why Analysts Become Less Optimistic as the Release of Actual Earnings Gets Closer
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DOI: 10.1080/15427560.2020.1867141
Abstract: Using companies listed on the Taiwan Stock Exchange and the Taipei Exchange between 2000 and 2017, this study explores whether the sobering-up effect exists in analysts’ earnings forecasts. Further... read more here.
Keywords: effect analysts; analysts become; less optimistic; become less ... See more keywords