Brokerage trading volume and analysts’ earnings forecasts: a conflict of interest? |
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Authors: | Lehmer Tiana Lourie Ben Shanthikumar Devin |
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Institution: | 1.Redwood City, CA, USA ;2.The Paul Merage School of Business, University of California, Irvine, Irvine, CA, USA ; |
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Abstract: | Review of Accounting Studies - Using unique new data, we examine whether brokerage trading volume creates a conflict of interest for analysts. We find that earnings forecast optimism is associated... |
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