Earnings forecasts
Voluntary Information Disclosure and Corporate Governance: The Empirical Evidence on Earnings Forecasts
... performance. Japanese firms had ROE of –0.67 in 2001, and better performance lifted this to 3.4 in 2004. As well, a number of variables are controlled to capture the fundamental determinants of the frequency of ...
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Do board secretaries influence management earnings forecasts?
... management earnings forecasts and board secretary ...management forecasts if there is at least one forecast issuance, ...issue forecasts receive higher com- pensation than secretaries without ...
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Accounting Conservatism, Changes In Real Investment, And Analysts Earnings Forecasts
... analysts’ earnings forecasts, our sample may be biased toward some types of firms, such as large ...analysts’ earnings forecasts errors but are not captured by our control ...analysts’ ...
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The impact of voluntary management earnings forecasts on executive compensation contracts
... management earnings forecasts is the accuracy of the ...the forecasts compare to actual outcomes, what influences forecast accuracy and strategic disclosure of ...quarterly earnings forecast ...
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The impact of CEO compensation, analysts’ characteristics, earnings management and country governability on analysts’ earnings forecasts.
... analysts’ earnings forecasts for market participants, most of the extant literature has looked at firm-specific characteristics, also related to corporate governance as a key to delineate forecast errors ...
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Voluntary Information Disclosure and Corporate Governance : The Empirical Evidence on Earnings Forecasts
... corporate information. Some managers reveal information only once a year to meet the minimum criterion, while others reveal information more than nine times in the same year. Figure 1 shows the trends of disclosure ...
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Voluntary disclosure of intangibles and analysts’ earnings forecasts and recommendations
... Previous accounting research suggests that voluntary disclosure of financial information can help financial analysts to better understand a firm’s future prospects. For instance, using data from the Financial Analysts ...
20
Does the manager matter to users of management earnings forecasts?
... management earnings forecasts of firms by providing more data points (Trueman, 1986, Hutton and Stocken, 2007, Ying Wang and Tan, ...management earnings forecasts to correct their previous ...
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Management Earnings Forecasts and Value of Analyst Forecast Revisions
... management forecasts and analyst forecasts are motivated by a desire to align investor expectations with the information they possess, analysts rely heavily on management forecasts in forming their ...
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Option compensation and optimism bias in management earnings forecasts
... It is important to understand that corporate governance or other monitoring mechanisms may affect the link between the man- agement option compensation and the degree of optimism in man- agement earnings ...
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Analysts' earnings forecasts: Coexistence and dynamics of overconfidence and strategic incentives
... To test whether our model with two separate mechanisms of bias is empirically relevant, we estimate it on a large sample of quarterly earnings forecasts. In addition, we consider different settings that ...
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Individual Analysts’ Earnings Forecasts: Evidence for Overreaction in the UK Stock Market
... A classical analysis of financial analysts views them as rational market experts who immediately and without bias incorporate information into their earnings forecasts and make trade recommendations. This ...
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The Effect Of IFRS Adoption On Likelihood Of Management Earnings Forecasts: Evidence In Korea
... management earnings forecasts report inconsistent results on the association between IFRS adoption and likelihood of management earnings ...management earnings forecasts than the firms ...
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Earnings forecasts errors in Malaysian IPO prospectuses: Evidence and explanations
... IPO earnings forecasts and the explanations behind forecasts ...IPO earnings forecasts during the period of study (2002-2012) were pessimistic ...the earnings forecasts ...
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The Impact Of Social Capital On The Propensity And Properties Of Management Earnings Forecasts
... management earnings forecast and they tend to issue more specific ...management earnings forecast) through which social capital may affect the development of the capital ...
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Management earnings forecasts and IPO performance: evidence of a regime change
... management earnings forecasts can be a strong tool in the hands of investors and can help them make future investment ...report earnings that consistently and sizably outper- form the expectations ...
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Audit committees and accuracy of management earnings forecasts of Malaysian IPOs
... management earnings forecasts figure and its quality as indicated by its accuracy (Hutton & Stocken, ...IPO earnings forecasts is considered as management promise to shareholders that the ...
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Can earnings forecasts be improved by taking into account the forecast bias?
... analysts’ forecasts. When economic growth strengthens, actual earnings accelerate toward the normally optimistic forecasts, so forecasting errors ...strong, earnings rise well beyond the ...
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Information in the Tails of the Distribution of Analysts\u27 Quarterly Earnings Forecasts
... of earnings news generally require two inputs: a proxy for the market’s definition of actual value-relevant earnings and a proxy for the best expectation of those ...to earnings news, calculated as ...
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On the properties of financial analyst earnings forecasts: some new evidence
... actual earnings that are used to compute financial analyst forecast errors; see Phillbrik and Riks ...provide earnings forecasts that are free of special items and other one-time gains and ...
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