the most recent forecast in the month before the earnings announcement. Design/methodology/approach – Cross … of analysts' forecasts as proxies for expected earnings in Australian research, this paper provides insights to what … measure of the market's earnings expectations. Originality/value – This paper provides direct evidence of the accuracy of …

Australian listed firms and whether or not such forecasts improve the usefulness of earnings and predictive ability of current … cash flows. Design/methodology/approach – The authors used a large sample of firms for which both cash flows and earnings …. Findings – It was found that analysts forecast both operating cash flows and earnings when the firms are more complex in …

-based earnings management. This paper aims to extend their argument by examining whether the balance sheet constraint increases … managers' propensity to use either downward forecast guidance or real earnings management as a substitute mechanism to avoid … earnings surprises. Design/methodology/approach – Following Barton and Simko, the paper uses the beginning balance of net …

differential persistence of the three cash flow components of earnings, defined by Dechow et al., in forecasting annual earnings … components of earnings is at best a partial explanation for investors' bias. Practical implications – This study is important to …/value – The study is the first to document the weightings of the cash components of earnings by financial analysts. In addition …

Purpose – The aim of this paper is to investigate the effect of management earnings forecasts on the level of … information asymmetry around subsequent earnings announcement. Design/methodology/approach – Employing the adverse selection cost … method suggested by George et al., the paper compares for each sample firm the adverse selection cost around earnings …