... forecast accuracy forecast dispersion information environment The sample may be affected by self-selection because firm-years are not randomly assigned to observations with or without equity method investments. Other attributes associated with firms with equity method...

..., which means that analysts learn to produce more precise TPs over time for the firms they follow. Analysts who follow more firms issue more accurate TPs, which is consistent with the international evidence on EPS forecast accuracy in Clement et al. (2003 ) and Bolliger (2004 ), and points...