When Do Signals Counteract The Effects of Confirmation Bias? Evidence From Sell-Side Analysts’ Forecasts
I empirically study whether strong signals counteract the effects of confirmation bias in sell-side analysts’ stock price forecasts when these signals are contradictory. I use target prices to measure forecast bias and the growth in Earnings Per Share as signals, and regress analysts’ forecast bias...
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Formato: | Tesis de maestría (Master Thesis) |
Lenguaje: | Español (Spanish) |
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Universidad del Rosario
2018
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Acceso en línea: | http://repository.urosario.edu.co/handle/10336/18661 |