211u001eSince only one competing mortality risk (external factors or risks from personal 211u001ebehaviors) cause death, the model implies that such inputs to the health 211u001eproduction function are complements. This further implies that resources are 211u001edirected to reduce the most ...
If information from macro news complements firm-specific news in the sense of making firm-specific news more informative, analysts forecast revisions should be more sensitive to firm-level earnings news. Consistent with this argument, we find analysts revise their forecasts more frequently, and ...