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Author:Kallunki, J-P.
Martikainen, M.
Nilsson, H.
Title:Analyst profession, accounting earnings and stock returns: Swedish evidence
Journal:Liiketaloudellinen aikakauskirja
2004 : 4, p. 404-426
Index terms:Stock markets
Scandinavia
Nordic countries
Sweden
Language:eng
Abstract:The study investigates the role of the analysts' earnings forecasts (hereafter as: a-e-fs.) in explaining returns (here as: rets.) in Sweden where the analyst profession has considerably developed during the last two decades. There is the question raised of how well the Swedish a-e-fs. perform if compared to reported accounting earnings in explaining rets. A-e-fs. and changes in them are found to be important in explaining rets.
SCIMA record nr: 256923
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