Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 16 of 16 for “"Analyst forecast"”.
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Does analyst forecast dispersion represent investors' perceived uncertainty toward earnings?
This paper investigates the association between analyst forecast dispersion and investors’ perceived uncertainty toward earnings. I construct a new measure for investors’ expectation of earnings announcement uncertainty using changes in implied volatility of option contracts prior to earnings …
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The Effect of Earnings Quality on Analyst Forecast Accuracy, Dispersion, and Optimism and Implications for CEO Compensation
… statement users; specifically financial analysts and CEO compensation setters. The first essay investigates the impact of earnings quality on earnings forecast accuracy, forecast dispersion, and forecast optimism of individual financial analysts. The primary model employed for analyst …
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Determinants of Intellectual Capital Disclosure and its Impacts on Audit Effort and Analyst Forecast Accuracy: UK Evidence
… to outside directors, auditors, and sell-side analysts respectively. The specific objectives of this thesis are to examine whether outside directors’ expertise is a determinant of IC disclosure; and the extent to which the disclosure of IC information impacts on audit effort and analysts’ …
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Accounting valuation issues on R&D
… a role in the relationship between dispersion in analysts' earnings forecasts and returns, given that R&D has been testified empirically in prior literature as an influencing factor for both forecast dispersion and stock returns separately, and forecast dispersion on its own has been identified as …
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The Impact of Earnings Quality on Investors' and Analysts' Reactions to Restatement Announcements
… earnings quality has on short-window returns and analyst forecast revisions and dispersion following restatement announcements using a cross-section of 719 publicly traded firms that announced restatements between 1997 and 2004. Accrual and book-tax difference metrics are used to proxy for …
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Analysts' Private Connections
In this dissertation, I examine how analysts’ private connections to external peers across brokerages affect the quality of their research. I find that analysts with private connections (i.e., who are connected to external peers via past employment ties and covering the same firm) issue more …
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The Effect of SFAS No. 141 and SFAS No. 142 on the Accuracy of Financial Analysts' Earnings Forecasts after Mergers
… 141, 142) on the characteristics of financial analysts' earnings forecasts after mergers. Specifically, I predict lower forecast errors for firms that experienced mergers after the enactment of SFAS 141, 142 than for firms that went through business combinations before those accounting changes. …
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Essays in Empirical Asset Pricing
… learning based approach to monitor the relative forecasting performance between two forecasts and select the conditionally better forecast. When I apply this ap- proach to the combination forecast and the historical average benchmark forecast, the re- sulting new return predictor leads to …
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An Empirical Investigation of the Effects of Earnings Predictability and Auditor-Client Relationships on the Bond Credit Market
… (1) the annual earnings surprise (actual minus analyst forecast) and (2) the dispersion of initial analyst forecasts. The results indicate a negative association between a lack of earnings predictability and both bond ratings and initial bond price. The results are consistent with creditors …
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Stock Return Anomalies, Industry Risk and Capital Structure
… supported by evidence from earnings shocks, analyst forecast revisions, and post-earnings announcement returns. In the third part, my co-author, Long Chen and I provide one of the first papers to document extensive stock return anomalies at the industry level. We find smaller industries, …
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The Reliability and the Applicability of the Residual Income-based Valuation Model : Theoretical Augmentation of the Linear Information Dynamics Model and Its Validity Compared with Ohlson (1995) and Edwards-Bell-Ohlson Approaches.
… of the intercept terms on the residual income forecasts and firm values. I argue that the large negative bias in LID-based value estimates might be attributable to failure to deal fully with the effects of conservative accounting in projecting residual income. I term the augmented model, which …
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Income Classification Shifting and Financial Analysts’ Forecasts
… they believe the market in general and financial analysts in particular focus on core earnings. If financial analysts are experts in forecasting permanent earnings, they should be expected to identify reported core earnings that have been inflated through classification shifting and revise their …
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A More Efficient and Effective Objective Measure of Financial Disclosure Quality: Omissions of Seven Key Financial Statement Variables
… with the measures used to validate DQ, forecast accuracy, analyst forecast dispersion, bid-ask spread, and cost of capital. With Vuong and Clarke tests I compare REPORT and DQ with these disclosure quality metrics and find that REPORT performs as well as, or better than, DQ in these …
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Three Essays on Corporate Finance
… show that such attention can spill over to the analyst covering these salient stocks, shaping the information environment of non-salient stocks within the analyst’s portfolio. Specifically, we demonstrate that the market reacts strongly to analyst forecast revisions for non-salient stocks when …
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When are investors' uncertainty judgments influenced by their perceptions about analyst herding?
Made available in DSpace on 2013-02-03T19:16:26Z (GMT). No. of bitstreams: 2 Walied_Keshk.pdf: 721027 bytes, checksum: 31c532f3bed680457dbafd5cfc0a4ce3 (MD5) license.txt: 4061 bytes, checksum: da1d458965be0a2b55597361230179a0 (MD5)
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Two Essays on Competition, Corporate Investments, and Corporate Earnings
… prior returns, price, size of buyback or SEO, analyst forecast errors, and bid-ask spread. We find that information asymmetry proxies partially explain the persistence of earnings predictability following SEO pricings and buyback announcements.