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   Do financial analysts publish long-term forecasts in response to firms’ overinvestments?

   Item type: Journal Article • Journal: Investment Analysts Journal • Authors: Su Young Choi --- Inha University, South Korea Minyoung Noh --- California State University, Jaimin Goh --- Inha University, South Korea Sooin Kim --- Konkuk University, South Korea

   This study examines the relationship between analysts issuing long-term earnings forecasts and firms overinvestment. This research demonstrates that a positive relationship exists between analysts issuing long-term forecasts and firms overinvesting. The relationship between analysts issuing a long-term forecast and firms...

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