If you experience problems downloading a file, check if you have theproper application toview it first. In case of further problems readthe IDEAS helppage. Note that these files are not on the IDEASsite. Abstract:This study examines analyst forecast errors within the context of stock recommendations. We predict positive forecast error (i.e., optimism) for buy recommendations and negative forecast error (i.e., pessimism) for sell recommendations. Apologies for the inconvenience. Remove maintenance message.
AbstractThis study examines analyst forecast errors Associafion the context of stock recommendations. The pattern of analyst forecast bias we predict (i.e., optimism for buys and pessimism for sells) is opposite in direction to that predicted by the management relations hypothesis—a commonly cited hypothesis for analyst forecast b.
The Association between Trading Recommendations and Broker