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.
Results
Showing 1 to 11 of 11 for “"Forecast Dispersion"”.
-
Does analyst forecast dispersion represent investors' perceived uncertainty toward earnings?
… 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 …
-
Accounting valuation issues on R&D
… R&D plays 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 …
-
The Effect of Earnings Quality on Analyst Forecast Accuracy, Dispersion, and Optimism and Implications for CEO Compensation
… the impact of earnings quality on earnings forecast accuracy, forecast dispersion, and forecast optimism of individual financial analysts. The primary model employed for analyst forecast accuracy is consistent with Barniv et al. (2005), Clement (1999), and Jacob et al. (1999). Further …
-
Two Essays on Asset Prices
… reaction to analysts' dispersed earnings forecast revisions. We find that investors take differences of opinion into account and do not exhibit an optimism bias. Our findings indicate that the overpricing of stocks with high forecast dispersion is not due to investors' tendency to …
-
The Impact of Earnings Quality on Investors' and Analysts' Reactions to Restatement Announcements
… 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 earnings …
-
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 …
-
Passive Institutional Ownership, Firm Disclosure, and Post-earnings Announcement Drift
… ownership have higher analyst following, lower forecast dispersion, bid-ask spreads, and probability of an informed trade, consistent with a better overall firm information environment for firms with higher passive ownership. Chapter three tests the impact of passive institutional ownership on …
-
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 …
-
Three essays on financial economics
… as defined by the first principal component of forecast error, forecast dispersion, and revision volatility-generates a monthly abnormal return of 1.37% for value-weighted (1.28% for equal-weighted) portfolios, which is nearly twice as large as the alpha in the full sample. This result survives …
-
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)
-
Essays on international macroeconomics
… for the private information noise. Using forecasts data about real GDP growth in the euro area, available since 1999, I measure private information noise at a quarterly frequency, by insuring that the informational structure of my model implies statistics of forecast dispersion and …