Analysts' forecasts: Why are they biased?

Leonardo Becchetti, Iftekhar Hasan, Marika Santoro, Asokan Anandarajan

Research output: Contribution to journalArticlepeer-review

2 Scopus citations

Abstract

The stock market is driven by analysts' forecasts. Investors rely on them. But research has shown that analysts' forecasts are biased. What causes this? And what kinds of stocks are most affected?

Original languageEnglish (US)
Pages (from-to)75-81
Number of pages7
JournalJournal of Corporate Accounting and Finance
Volume18
Issue number3
DOIs
StatePublished - Mar 1 2007

All Science Journal Classification (ASJC) codes

  • Accounting
  • Economics, Econometrics and Finance(all)

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