The influence of analyst and management forecasts on investor decision making: An experimental approach

Chang, M; Ng, Juliana; Yu, Karen

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The influence of analyst and management forecasts on investor decision making: An experimental approach

Date

2008

Authors

Chang, M

Ng, Juliana

Yu, Karen

Publisher

University of New South Wales

Abstract

Analyst and management forecasts signal a firm's future prospects, and research suggests that investors are conscious of the differing incentives to release news. We examine investor reaction to the information contained in these forecasts by considering