Analyst Forecasts
Social Capital and Analyst Forecasts
... Figure 1a shows that high social capital counties are mainly concentrated in the Midwest and the Northeast areas. This creates a concern that some regional variables are omitted in my model. Further, if the omitted ...
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Social Media Information and Analyst Forecasts
... Our study has some limitations. First, we focus on the S&P 500 firms, all of whose companies are large and already in a rich information environment. The findings may differ for small or mid- sized firms. Second, the ...
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Investor attention to salient features of analyst forecasts
... obtain analyst forecasts and actual data on annual earnings per share from the Institutional Brokers Estimate System (I⁄B⁄E⁄S) unadjusted detail ...available analyst forecast data after imposing the ...
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Reported Earnings and Analyst Forecasts as Competing Sources of Information: A New Approach
... of forecasts and earnings, seeking to establish whether the information contained in analyst forecasts is leading, contemporaneous or lagging a firm’s public earnings announcement (‘reported’ ...and ...
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Family firm and analyst forecasts in an emerging economy
... Zellweger, 2007) and this constrains their incentives to extract private benefits (Claessens and Fan, 2002). A high level of family concentrated wealth is particularly sensitive to any price discount due to information ...
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Strategic distortions in analyst forecasts in the presence of short-term institutional investors
... optimistic forecasts to generate corporate business and commission fees for their brokers or please the firm’s management ...in analyst forecasts as they reward brokers producing less biased research ...
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Three Essays on Corporate Governance and Meeting-Beating or Missing Analyst Forecasts
... for analyst earnings forecasts and other control ...analysts’ forecasts is negative (positive) and highly ...of forecasts is also found to be significant as opposed to only sporadically ...
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Do Financial Expert Directors Affect the Incidence of Accruals Management to Meet or Beat Analyst Forecasts?
... beat analyst forecasts, my findings suggest that while nonaccounting experts do not possess the domain specific skills of accounting knowledge, the business and industry knowledge of these experts, when ...
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Information environment, market-wide sentiment and IPO initial returns: Evidence from analyst forecasts before listing
... between analyst forecasts and offering prices or IPO initial returns due to the analyst forecast regulations in most ...publish forecasts from the pre-IPO period up to 40 days after ...
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Properties Of Analyst Forecasts And Bond Underwriting Relationship: Evidence From Korea
... compare forecasts for firms with underwriting contracts by analysts affiliated with investment bankers with non-affiliated analysts using Investment Banker lists in Corporate Finance Bluebook between 1983 and 1988 ...
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The Use of Changes in Estimates to Meet or Beat Analyst Forecasts
... While my primary analyses suggest managers recognize changes in estimates to meet or beat analyst expectations, presumably this relationship should strengthen when the incentive to meet or beat expectations is ...
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Environmental, social and governance disclosure, integrated reporting, and the accuracy of analyst forecasts
... and analyst forecast accuracy significantly strengthens once the IR regime is ...and analyst forecast accuracy, but the evidence is not as strong as for environmental disclosure ...
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The role of analyst forecasts in the momentum effect
... of analyst-related variables obtained from ...of analyst i, scaled by beginning year stock ...average analyst as a percentage, computed as the average Analysts‘ Performance on stock j at month t ...
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Consistent Earnings Growth and the Credibility of Management Forecasts
... that analyst forecasts reflect the beliefs of the investing community and analyst forecast revisions around management earnings forecasts therefore contain information about the extent to ...
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The Effect Of Credit Rating Categories On Analysts' Information Environment: Evidence From The Korean Market
... information environment. Poor-quality reporting impairs the coordination between firms and their investors with respect to firm value, thereby creating information uncertainty. Accruals quality and conservatism are ...
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Do voluntary disclosures of product and business expansion plans impact analyst coverage and forecasts?
... on analyst coverage, we consider whether such disclosures are correlated with the informativeness of analyst ...define analyst forecast informativeness according to the magnitude of stock market ...
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A study of analyst forecast reliability in Australia
... the forecasts and forecast accuracy are an interesting trade-off faced by analysts who issue ...releasing forecasts with respect to new information or waiting in order to produce more accurate ...
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Management Forecasts, Analyst Revisions, and Investor Reactions: The Effect of CEO Gender
... earnings forecasts issued by women CEOs is that women CEOs withhold bad ...mean analyst forecast for analyst forecasts issued in the 90 days preceding the management earnings ...
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Do business relationships affect the accuracy of analyst earnings forecasts? Evidence from China
... party forecasts. However, biased, especially optimistically biased, analyst forecasts have been widely identified in empirical studies and the bias is found to be driven by trading, commission and ...
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Information uncertainty and the reaction of stock prices to news
... As in section 4, the above results proved to be robust along various dimensions. First, the good and bad news portfolios were redefined based on earnings surprises, computed as actual announcements of quarterly earnings ...
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