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Distress risk puzzle and analyst forecast optimism |
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| Authors: | Chu K. C. Kenneth Zhai W. H. Sophia |
| Affiliation: | 1.The Hong Kong Polytechnic University, Hung Hom, Hong Kong ; |
| Abstract: | Review of Quantitative Finance and Accounting - A general consensus in the literature is that financial analysts make optimistic forecasts. That is, they tend to underreact to negative but... |
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