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	Provedor de dados AgEcon (1) Autor Chang, Charles (1) Daouk, Hazem (1) Wang, Albert (1) Palavra-chave Financial Economics (1) Institutional and Behavioral Economics (1) Political Economy (1) Tipo do documento Working or Discussion Paper (1) Ano 2008 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Do Investors Learn About Analyst Accuracy? AgEcon Chang, Charles; Daouk, Hazem; Wang, Albert. We study the impact of analyst forecasts on prices to determine whether investors learn about analyst accuracy. Our test market is the crude oil futures market. Prices rise when analysts forecast a decrease (increase) in crude supplies. In the 15 minutes following supply realizations, prices rise (fall) when forecasts have been too high (low). In both the initial price action relative to forecasts and in the subsequent reaction relative to realized forecast errors, the price response is stronger for more accurate analysts. These price reactions imply that investors learn about analyst accuracy and trade accordingly. Tipo: Working or Discussion Paper Palavras-chave: Financial Economics; Institutional and Behavioral Economics; Political Economy. Ano: 2008 URL: http://purl.umn.edu/51158 Registros recuperados: 1 Primeira ... 1 ... Última

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