Analyzing The Impact Of Analysts' Forecast Accuracy On Stock Returns: A Meta-Analytic Approach.
Analysts' perspectives on economic risk are a crucial element in the investor decision-making process. Several researchers have immersed themselves in analyst forecasts and stock prices. However, it is imperative to examine the consistency of findings from previous studies in order to draw general c...
| Publicado en: | Journal of Namibian Studies Vol. 40; pp. 592 - 607 |
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| Autores principales: | , |
| Formato: | Artículo |
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Society of Cultural Studies & Social Sciences
2024
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=179310571&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 179310571 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 18635954 G5EZ jtl: Journal of Namibian Studies issn: 18635954 maglogo: N pubinfo: dt: 2024 vid: 40 pid: 92471 pub: Society of Cultural Studies & Social Sciences artinfo: ui: 179310571 ppf: 592 ppct: 15 formats: tig: atl: Analyzing The Impact Of Analysts' Forecast Accuracy On Stock Returns: A Meta-Analytic Approach. aug: au: Benomar, Ikram El Hiri, Abderrazak affil: Research Laboratory in Entrepreneurship and Organizational Management, Fez Business School, Private University of Fez, Fez, Morocco Interdisciplinary Research Laboratory in Economics, Finance and Management of Organizations, University Sidi Mohamed BEN Abdellah, Fez su: Rate of return on stocks Stock price forecasting Business forecasting Financial risk Sampling errors sug: subj: Rate of return on stocks Stock price forecasting Business forecasting Financial risk Sampling errors keyword: Economic risk Financial analysts Forecasts Meta-analysis Stock market returns ab: Analysts' perspectives on economic risk are a crucial element in the investor decision-making process. Several researchers have immersed themselves in analyst forecasts and stock prices. However, it is imperative to examine the consistency of findings from previous studies in order to draw general conclusions. This analysis is necessary to establish whether analysts' forecasts actually influence stock market returns. Consistency between studies was assessed using a meta-analysis approach, facilitated by Comprehensive Meta-Analysis (CMA) software. Metaanalysis provides an effect size estimate to assess the relationship between the independent variable (analysts' forecasts) and the dependent variable (stock market returns). The results of the heterogeneity test indicate an Isquared value in excess of 50%, signifying substantial variation. Similarly, the correlation analysis reveals a p-value of 0.004, suggesting heterogeneity in the studies of analyst forecasts and stock market returns. Heterogeneity refers to disparities in data within or between studies, attributable to varying research locations and economic conditions. Consequently, the results of this study are heterogeneous due to significant sampling error arising from various research locations and economic circumstances. Thus, it is demonstrated that analysts' forecasts have an impact on stock market returns. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 2024 holdings: @attributes: islocal: N |
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