COMPETITIVE INFORMATION IN THE STOCK MARKET: AN EMPIRICAL STUDY OF EARNINGS, DIVIDENDS AND ANALYSTS' FORECASTS

Authors


  • This research was supported by a grant from the Peat, Marwick, Mitchell Foundation to the Graduate School of Business, Stanford University. The author wishes to acknowledge the support of his colleagues, William H. Beaver, David S. Ng and William F. Wright, the competent assistance of Robert Maki (Stanford University) and Gerald Udinsky (University of California, Santa Cruz), and the detailed comments of the University of Iowa Accounting Workshop.

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