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Are Financial Analysts' Forecasts of Corporate Profits Rational?

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  • Michael P. Keane
  • David E. Runkle

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  • Michael P. Keane & David E. Runkle, 1998. "Are Financial Analysts' Forecasts of Corporate Profits Rational?," Journal of Political Economy, University of Chicago Press, vol. 106(4), pages 768-805, August.
  • Handle: RePEc:ucp:jpolec:v:106:y:1998:i:4:p:768-805
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    References listed on IDEAS

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    1. repec:bla:joares:v:25:y:1987:i:1:p:1-48 is not listed on IDEAS
    2. Abarbanell, Jeffery S., 1991. "Do analysts' earnings forecasts incorporate information in prior stock price changes?," Journal of Accounting and Economics, Elsevier, vol. 14(2), pages 147-165, June.
    3. Abarbanell, Jeffrey S & Bernard, Victor L, 1992. " Tests of Analysts' Overreaction/Underreaction to Earnings Information as an Explanation for Anomalous Stock Price Behavior," Journal of Finance, American Finance Association, vol. 47(3), pages 1181-1207, July.
    4. Brown, Lawrence D. & Hagerman, Robert L. & Griffin, Paul A. & Zmijewski, Mark E., 1987. "Security analyst superiority relative to univariate time-series models in forecasting quarterly earnings," Journal of Accounting and Economics, Elsevier, vol. 9(1), pages 61-87, April.
    5. Brown, Bryan W & Maital, Shlomo, 1981. "What Do Economists Know? An Empirical Study of Experts' Expectations," Econometrica, Econometric Society, vol. 49(2), pages 491-504, March.
    6. Elton, Edwin J. & Gruber, Martin J. & Gultekin, Mustafa N., 1984. "Professional Expectations: Accurary and Diagonosis of Errors," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 19(04), pages 351-363, December.
    7. Brown, Lawrence D & Rozeff, Michael S, 1978. "The Superiority of Analyst Forecasts as Measures of Expectations: Evidence from Earnings," Journal of Finance, American Finance Association, vol. 33(1), pages 1-16, March.
    8. repec:bla:joares:v:18:y:1980:i:2:p:390-406 is not listed on IDEAS
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