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 financial statement users. The majority of existing accounting research concerning financial analysts focuses on aggregated analysts' earnings forecasts rather than individual analysts' forecasts. Studies in accounting have documented the superiority of aggregated analysts' earnings forecasts relative to models. This is in contrast to the robust result from years of judgment/decision making (JDM) research that human predictions are inferior to statistical model predictions. Prior accounting studies have also documented that analysts exhibit optimism when forecasting earnings."

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Accountancy

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2011

Author dc:creator

• Giullian, Marc Andrew

Contributors dc:contributor

• Kleinmuntz, Don N.

• Business Administration, Accounting

Statement dc:rights

• Copyright 1996 Giullian, Marc Andrew

Language dc:language

eng

Identifier

9780591198249
AAI9712284
(UMI)AAI9712284

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/23461