5Ayers, B. C. , Freeman, R. N. ,2003. Evidence that analyst following and institutional ownership accelerate the pricing of future earnings. Review of Accounting Studies 8 (1) ,47 - 67.
6Bae, K. H. , R. M. Stulz and H. P. Tan. ,2008,Do local analysts know more? A cross -country study of the performance of local analysts and foreign analysts. Journal of Financial Economics ,88,581 - 606.
7Barron,O. E. ,Byard,D. ,Kim,O. ,2002. Changes in analyst's information around earnings announcements. Accounting Rev/ew ,77 (4) ,821 - 846.
9Brown, L. D. and M. S. Rozeff The Superiority of Analyst Forecasts as Measures of Expectations : Evidence from Earn- ings, Journal of Finance,33 ( 1 ), 1 - 16.
10Bushman, R. M. , Piotroski, J. D. , Smith, AJ. , 2005. Insider trading restrictions and analysts' incentives to follow firms. Journal of Finance 60,35 - 66.
