Discussion of 'Are Analysts' Cash Flow Forecasts Naïve Extensions of Their Own Earnings Forecasts?'
28 Pages Posted: 8 Jan 2013
Date Written: February 12, 2012
Abstract
I discuss the study by Call, Chen and Tong (2012) and focus on the information environment surrounding analysts. My discussion has two goals. First, I wish to put into perspective the findings of Call et al. (2012). Second, I hope to pave the road for future research on analysts, their cash flow forecasts and sophistication.
Keywords: Analysts, cash flow forecast, sophistication learning, conflicts of interests, accrual anomay, users
JEL Classification: M21, M41, D83, G23
Suggested Citation: Suggested Citation
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