Authors
John B Guerard Jr, Bernell K Stone, Glen Hansen
Publication date
1991/1/7
Journal
European journal of operational research
Volume
50
Issue
1
Pages
19-21
Publisher
North-Holland
Description
The purpose of this note is to examine the effectiveness of security analysts' forecasts diversified sample of 159 firms with a 1980–1982 post-sample estimation period. The results of this study indicate the analysts' forecasts produce statistically significant excess returns.
Total citations
20051
Scholar articles
JB Guerard Jr, BK Stone, G Hansen - European journal of operational research, 1991