Incentives or Irrationality? International Evidence from the Impact of Individualism on Analyst Forecast Bias

Author(s):  
Claudia Qi ◽  
Hongping Tan ◽  
zhang Ran
1998 ◽  
Vol 13 (3) ◽  
pp. 271-274 ◽  
Author(s):  
Lawrence D. Brown

This paper tackles an interesting question; namely, whether dispersion in analysts' earnings forecasts reflects uncertainty about firms' future economic performance. It improves on the extant literature in three ways. First, it uses detailed analyst earnings forecast data to estimate analyst forecast dispersion and revision. The contrasting evidence of Morse, Stephan, and Stice (1991) and Brown and Han (1992), who respectively used consensus and detailed analyst data to examine the impact of earnings announcements on forecast dispersion, suggest that detailed data are preferable for determining the data set on which analysts' forecasts are conditioned. Second, it relates forecast dispersion to both analyst earnings forecast revision and stock price reaction to the subsequent earnings announcement. Previous studies related forecast dispersion to either analyst forecast revision (e.g., Stickel 1989) or to subsequent stock price movements (e.g., Daley et al. [1988]), but not to both revision and returns. Third, it includes the interim quarters along with the annual report. In contrast, previous research focused on the annual report, ignoring the interims (Daley et al. [1988]).


2019 ◽  
Vol 89 (1) ◽  
pp. 93-107 ◽  
Author(s):  
Kathryn Almack ◽  
Andrew King

In this article, we provide critical observations of empirical research from leading U.K. researchers relating to the lives of lesbian, gay, bisexual, and trans older adults. We suggest learning that may be applied in differing global contexts as well as contributing to the development of an international evidence base. We illustrate the importance of paying attention to distinct health and care systems and legislation, which present global differences as well as similarities in terms of lesbian, gay, bisexual, and trans people’s perceptions and access to resources. With this contextual background, we then discuss the cutting-edge U.K. research in this field from 2010 onward. We identify key strengths including the contribution our evidence has made to policy and practice and the development of theoretical insights such as the impact of intersectionality. The article concludes with a discussion of future research in this field which has relevance at national and international levels.


Author(s):  
David A. Hirshleifer ◽  
Ben Lourie ◽  
Thomas Ruchti ◽  
Phong Truong

Author(s):  
Laura Boulton ◽  
Rebecca Phythian ◽  
Stuart Kirby ◽  
Ian Dawson

Abstract A growing body of international evidence reflects the increasing recognition of evidence-based policing (EBP) and the co-production of research, yet the extent of which such research is being implemented remains unclear. This study seeks to explore the efficacy of EBP in relation to practical implementation issues and assess the impact research is having on practice, both within and external to a specific Constabulary. Twenty-nine research studies, conducted in association with the Constabulary, were examined using a mixed-method approach. Of the total projects, 52% of projects were found to have generated a change to practice or policy. The key features of research that were associated with impact included: (i) mixed-method data collection, (ii) transferability, and (iii) increased dissemination that engaged practitioner and academic audiences. Practically, these findings suggest that EBP research projects can be designed and disseminated in a way that increases the likelihood of implementing the findings to change practice.


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