Some accounting firms have spent time and effort investigating the causes of staff turnover using various techniques such as exit interviews. By identifying the reasons for termination, these firms hope to work out a solution that eventually will reduce the turnover rate.
We provide evidence that firms options listing increases the divergence of analysts opinions and, at the same time, leads to a reduction in the systematic optimistic bias in an important element of the market expectation of earnings, analysts consensus earnings forecasts. Our contribution is added insight into how the increased divergence of analysts opinions following options listing drives a reduction of systematic optimistic bias in consensus analysts forecasts.
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