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We examine whether management earnings forecasts (MEFs) help reduce the stock return seasonality associated with earnings seasonality around earnings announcements (EAs) in Chinese A-share markets. We find that firms in historically low earnings seasons outperform firms in high earnings seasons...
Persistent link: https://www.econbiz.de/10014281517
We examine the impact of managerial sentiment on analysts' following decisions and earnings forecast accuracy. By …
Persistent link: https://www.econbiz.de/10014307602
This paper investigates the association between current dividends and analysts’ subsequent earnings forecast errors ….e., where dividends have limited or no signaling implications) and varies in a predictable manner with dividend payouts and cost … between dividends and analysts’ forecast errors has declined over the sample period; such a decline appears to correspond with …
Persistent link: https://www.econbiz.de/10013491792
. The failure of management to attain a forecast may reflect poorly on its industry understanding, knowledge of the firm …
Persistent link: https://www.econbiz.de/10012585955
Persistent link: https://www.econbiz.de/10013325977
better understand how financial analysts forecast earnings. We focus on forecasts for Real Estate Investment Trusts (REITs … regression analysis finds that the severity of the pandemic increases analysts' forecast error and dispersion. Government … forecast error rises by more, for REITs, when focusing on Hospitality and Industrial properties, and dispersion rises by more …
Persistent link: https://www.econbiz.de/10012628786
earnings forecasters, we see that small adjustments to the model forecasts lead to more forecast accuracy. Based on past track …
Persistent link: https://www.econbiz.de/10010490078
Using a value-weighted rather than an equally weighted regression, Easton and Sommers (2007) show that the upward bias in the risk premium implied by analysts' earnings forecasts falls to 1.6%, but remains statistically and economically significant. In this paper, we argue that any estimation of...
Persistent link: https://www.econbiz.de/10013128708
This paper presents results from an experiment and follow-up survey examining whether stock prices influence analysts' earnings forecasts. In our experiment, prices influence analysts' forecasts when uncertainty about future earnings is high, but not when uncertainty is low. Additional analyses...
Persistent link: https://www.econbiz.de/10013139640
(July 2007 to March 2009) resulting in larger forecast errors. Of our risk indicators only credit risk (5-year CDS spreads … accurate forecasts. Leverage is negatively linked to forecast error as is market volatility which has a differential impact on …
Persistent link: https://www.econbiz.de/10013113856