-based equity valuation and market value of equity we introduce two new concepts: coincident and forecast relevance of accounting … coincident and forecast relevance by estimating Ohlson model parameters with country panel regressions for exchange …-listed companies from France and Germany. The results confirm that coincident relevance is stronger than forecast relevance in both …

While levels of actual and consensus forecast earnings per share (EPS) vary with scale (measured typically by share … price), magnitudes of the difference do not vary with scale. That is, forecast errors within a certain range (e.g., plus … with scale for forecast dispersion, representing magnitudes of the difference between individual forecasts and the …

reliance does not translate into an increased impact per unit of each non-fundamental factor on forecast bias. Finally, our …

. My main hypothesis is accounting-based drivers can be used to forecast future volatility incremental to either past …

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 dispersion among analysts and the variance of mean forecast errors …