AN ANALYSIS OF THE FACTORS AFFECTING THE ANALYSIS’ SUPERIORITY IN EARNINGS FORECAST FOR THE KOREAN STOCK MARKET
This study compared analysts’ forecasts with those of the random walk model in terms of forecast accuracy and examined the factors affecting the superiority of forecasts, using the earnings data of Korean firms after the 1997 financial crisis. It has been found that analysts’ forecasts are superior...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
People & Global Business Association (P&GBA)
2007-03-01
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| Series: | Global Business and Finance Review |
| Subjects: | |
| Online Access: | http://www.gbfrjournal.org/pds/journal/thesis/20150623115604-K7OZ9.pdf |