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Keywords: predictable bias
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Journal Articles
The Accounting Review (2020) 95 (6): 125–149.
Published: 01 November 2020
... the predictable bias. The results suggest that investors make similar valuation errors to analysts and/or do not perfectly back out the predicted bias in target prices. JEL Classifications: M40; M41; G14. We are very grateful for the comments from Mark Bradshaw and three anonymous referees. We also...
Includes: Supplementary data