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Keywords: aggregate recommendation changes
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Journal Articles
Journal:
The Accounting Review
The Accounting Review (2021) 96 (1): 41–66.
Published: 01 January 2021
...Bruce K. Billings; Sami Keskek; Spencer Pierce ABSTRACT We extend prior research examining the relation between aggregate recommendation changes and future returns by documenting that this relation varies over time as a function of the predictability of future earnings growth. When industry-level...