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Incorporating Financial Statement Information to Improve Forecasts of Corporate Taxable Income
Green, Danielle - 2020
We contribute to the research on the information content of earnings as it applies to the forecasting of economic activity across reporting models. We examine whether publicly available financial statement information is incrementally useful in forecasting confidentially reported taxable income....
Persistent link: https://www.econbiz.de/10012842253
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How Analysts’ Ability Affects Forecast Timing Under Bias and Uncertainty?
Malevergne, Yannick - 2018
We investigate the analysts timing decisions and the extent to which timing can be a proxy for their ability. We present a model in which forecast accuracy and timing are affected by information uncertainty stemming from (i) the presence of forecast bias and (ii) investors' limited capability to...
Persistent link: https://www.econbiz.de/10012928822
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Managerial Ability and Forecast Accuracy
Chronopoulos, Panagiotis I. - 2018
We examine the relation between managerial ability and management forecast accuracy. We find that forecast accuracy is positively associated with managerial ability in the case of sales forecasts. Specifically, more able managers are associated with lower magnitude's forecast errors in the case...
Persistent link: https://www.econbiz.de/10012931519
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Do Banks Care About Analysts' Forecasts When Designing Loan Contracts?
Coyne, Joshua G. - 2019
We investigate whether banks rely on the information content in equity analysts' annual earnings forecasts when assessing the risk of potential borrowers. While a long literature finds that analysts provide useful information to market participants, it is not clear that banks, which have access...
Persistent link: https://www.econbiz.de/10012900435
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Information Choice and Utilization in an Experiment on Default Prediction
Abdel-Khalik, A. Rashad - 2014
In this paper, we report the design and results of an experiment in human judgment in which decision makers were allowed to choose the information cues they used in making their judgments. The results of this study show that the subjects' choice of information, rather than their processing of...
Persistent link: https://www.econbiz.de/10013053089
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Pitfalls in modeling loss given default of bank loans
Hibbeln, Martin; Gürtler, Marc - 2011
. For bank loans, the estimation is usually based on discounted recovery cash flows, leading to workout LGDs. In this paper … low explanatory power. Based on a data set of 71,463 defaulted bank loans, we analyze these issues and derive … estimates. -- Credit risk ; Bank loans ; Loss given default ; Forecasting …
Persistent link: https://www.econbiz.de/10009487575
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Coordinated Failure? A Cross-Country Bank Failure Prediction Model
Montgomery, Heather - 2011
This paper empirically investigates the causes of bank failures in Japan and Indonesia. Using logistic regression … analysis of financial ratios, we explore the usefulness of domestic bank failure prediction models with a cross-country model …, deposits and in some cases the ratio of non-performing loans, are the most significant predictors of bank failure in both Japan …
Persistent link: https://www.econbiz.de/10013121773
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Coordinated Failure? A Cross-Country Bank Failure Prediction Model
Montgomery, Heather - 2011
This paper empirically investigates the causes of bank failures in Japan and Indonesia. Using logistic regression … analysis of financial ratios, we explore the usefulness of domestic bank failure prediction models with a cross-country model …, deposits and in some cases the ratio of non-performing loans, are the most significant predictors of bank failure in both Japan …
Persistent link: https://www.econbiz.de/10013121776
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Efficient Markets and the Law : A Predictable Past and an Uncertain Future
Hu, Henry T. C. - 2012
This article analyzes the manifold situations in which the efficient-market hypothesis (EMH) has influenced — or has failed to influence — federal securities regulation and state corporate law, and the prospective roles for the EMH in these contexts. In federal securities regulation, the EMH...
Persistent link: https://www.econbiz.de/10013100915