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 18 of 18 for “"Analysts' Forecasts"”.
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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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Market Reactions To Analysts' Forecasts And Mandatory Disclosures
… investigate the impact and importance of analysts' forecasts. The third manuscript documents the impact of eliminating an important accounting disclosure. This dissertation makes the following contributions to the accounting literature. The first manuscript documents that investor …
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The nature, causes and consequences of financial analysts’ forecasts in the UK
… nature, reasons and consequences of financial analysts’ forecasts in London Stock Exchange. The first empirical chapter examines the rationality and accuracy of financial analysts’ forecasts. Results show that analyst forecasts are overall optimistic, but not as extreme as the literature …
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When Do Signals Counteract The Effects of Confirmation Bias? Evidence From Sell-Side Analysts’ Forecasts
… the effects of confirmation bias in sell-side analysts’ stock price forecasts when these signals are contradictory. I use target prices to measure forecast bias and the growth in Earnings Per Share as signals, and regress analysts’ forecast bias over different deciles of high signals interacted …
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The Effect of Accounting Method Choice on Earnings Quality: A Study of Analysts' Forecasts of Earnings and Book Value
… firms. The results also show that one group of analysts (Value Line Investment Survey) is able to predict future earnings more accurately over medium-term and long-term forecast horizons for firms using generally conservative accounting methods than those firms employing generally liberal …
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The relationship between various risk factors and the cost of equity premium implied by analysts' forecasts on the New York Stock Exchange
… on the implied cost of equity used by equity analysts, who are seen as informed market participants, could be a guideline and sense check for other professionals estimating cost of equity for capital allocation decisions. This study, an implementation of Arbitrage Pricing Theory, attempts to …
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Commodity futures market reaction to anticipated public reports: Frozen pork bellies
… information. Knight-Ridder releases their analysts' forecasts of the USDA estimate two days prior to the estimate provided by the USDA. A rational expectations model is developed to study how futures markets react to the information release. The model provides a direct link between …
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Three essays in accounting
… issues. The first revisits the question whether analysts anticipate the persistence of accruals in future earnings. We find that if total accruals are used (covering also non-current operating and financing accruals, unlike previous research that uses mainly working capital accruals), analysts’ …
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The Impact of Corporate Litigation on Analysts' Earnings Forecasts and on Managements' Settlements Timing Decision
… results are consistent with the hypotheses that analysts forecasts are affected by litigation and that managers make settlement decisions that are systematically related to financial incentives.
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An evaluation of analysts' expectational data regarding firms listed on the JSE securities exchange
… the usefulness of South African stockbroker analysts' two primary forms of expectational output: earnings forecasts and investment (buy, hold, and sell) recommendations. Instead of focusing on individual stockbroker analysts' forecasts and recommendations, the consensus estimates are examined …
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Differential information, divergence of opinion, and security returns in an efficient market
… study using various measures of divergence of analysts‘ forecasts of earnings per share for individual firms. The results of exhaustive data analysis strongly reject the notion of such a bias in the OLS derived excess returns or in actual returns. Market reaction to revisions in the mean and …
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The incremental predictive ability of individual financial analysts
"Financial analysts are among the most influential group of users of financial accounting information. Because the FASB has advocated usefulness as the ""overriding criterion"" (FASB, 1980, p.26) to judge accounting choices, accountants have a stake in understanding this important group of …
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Corporate bond repurchases and earnings management
… gains when earnings are (i) short of analysts' forecasts, or (ii) low relative to the prior year's earnings. Furthermore, the effect is more pronounced after the introduction of SFAS 145 which moved gains/losses from the extinguishment of debt from extraordinary items to operating …
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Selective disclosure: the case of the Korean securities market
… four main sets of findings. First, we find that analysts’ forecast accuracy has increased after the adoption of Regulation FD. We attribute this finding to the improved quality of public information and reduced importance of private access to managers in the post-FD period. Second, we provide …
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Enterprise Risk Management, Earnings Predictability and the Cost of Debt
… firms with better ERM performance. Additionally, analysts' earnings forecasts are more accurate in the presence of enhanced ERM performance. Results are inconclusive with regards to ERM's ability to influence the risk of firm failure during this study's sample period (i.e., 2007-2009). One …
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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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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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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. …