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Brokerage trading volume and analysts’ earnings forecasts: a conflict of interest?
Authors:Lehmer  Tiana  Lourie  Ben  Shanthikumar  Devin
Institution:1.Redwood City, CA, USA
;2.The Paul Merage School of Business, University of California, Irvine, Irvine, CA, USA
;
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...
Keywords:
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