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The Accuracy of Analyst Forecasts formatIsbn:Softcover - 9783838661674 Lohnsatz und [¿]Inhaltsangabe: Abstract: This paper investigates the quality of financial analysts' earnings forecasts for companies which conducted initial public offerings (IPOs) during the years 1997 to 1999. The Neue Markt in Frankfurt offers a good setting to also study the development of a young market from the beginning of its operation onwards. I find support for the notion that initial returns and analysts' forecast accuracy are negatively related. I find
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