obtained from dispersion of analysts’ forecasts (Gebhardt et al., 2001; Gode and 21 of (ex post) future twenty quarters’ (five years) percentage changes in quarterly earnings per share. A quarterly EPS

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. https://doi.org/10.1093/qje/qjr049 ALLEE, K. D., & DEANGELIS, M. D. (2015). The Structure of Voluntary Disclosure Narratives: Evidence from Tone Dispersion. Journal of Accounting Research, 53(2), 241–274