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Do Supplementary Sales Forecasts Increase the Credibility of Financial Analysts' Earnings Forecasts?
fi nancial analyst sales forecast revenue forecast forecast accuracy
2011/8/21
This study examines whether the market reacts more strongly to earnings forecast revisions when financial analysts supplement their earnings forecasts with sales forecasts. I find that earnings foreca...
Increase in Risk and Comparative Static Analysis
comparative statics MPST (Mean Preserving Simple Transformation) uncertainty
2009/5/7
In this paper we discuss signing of comparative statics analysis under uncertainty. We define change of risk by a mean preserving simple transformation (abbrev. MPST) of random variables. We show tha...