Analyst forecast optimism and market reaction: Australian Evidence

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Analyst forecast optimism and market reaction: Australian Evidence

This paper examines whether earnings forecasts within the Australian context suffer from analysts’ optimism and under- or overreaction to new information in forecast revisions, and also whether and how investors respond to analysts’ bias in a given forecast. Our findings indicate that Australian ana...

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Bibliographic Details
Main Authors:	Sadique, Shibley, Rahman, A.
Format:	Journal Article
Published:	Financial Services Institute of Australasia (Finsia) 2014
Online Access:	http://www.finsia.com/docs/default-source/jassa-new/jassa-2014/jassa-2014-issue-3/analyst-forecast-optimism-and-market-reaction-australian-evidence http://hdl.handle.net/20.500.11937/26551

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