Showing 1 - 10 of 2,193
By decomposing analysts' forecast errors into common and idiosyncratic components, we develop a simple model aimed at explaining the relationship between forecast uncertainty and analyst dispersion. Under this framework, we propose a new measure of earnings forecast uncertainty as the sum of...
Persistent link: https://www.econbiz.de/10013138826
This study examines the relationship between components of OCI and analysts' forecasting behaviour, being forecast accuracy, analyst following and herding. The findings show that cash flow hedge (CFH) and foreign currency (FCX) elements are negatively associated with forecast accuracy and...
Persistent link: https://www.econbiz.de/10012872055
We develop a measure of how information events impact investors' perceptions of risk that is broadly applicable and … simultaneously conveys information on the announcer's expected future cash flows and risk profile. We empirically implement the … forecasting power for firms' risk-factor exposures, implied costs of capital, liquidity, and future investments. We also apply our …
Persistent link: https://www.econbiz.de/10012244502
Persistent link: https://www.econbiz.de/10003727307
Persistent link: https://www.econbiz.de/10010196963
This study examines whether key characteristics of analysts' forecasts — timeliness, accuracy, and informativeness — change when investor demand for information is likely to be especially high, i.e., during periods of high uncertainty. Findings reveal that when uncertainty is high, analysts'...
Persistent link: https://www.econbiz.de/10010250690
Persistent link: https://www.econbiz.de/10011458140
Persistent link: https://www.econbiz.de/10011458743
Persistent link: https://www.econbiz.de/10010503364
Persistent link: https://www.econbiz.de/10010392638