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Do Analysts' Cash Flow Forecasts Mitigate the Accrual Anomaly? International Evidence
Gordon, Elizabeth A. - 2014
We investigate the role of analysts' cash flow forecasts in mitigating the accrual anomaly in an international setting. Based on a sample from 20 world market economies, we find less market overestimation of the accrual component of earnings for firms where analysts issue both cash flow...
Persistent link: https://www.econbiz.de/10013053787
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Do Analysts' Cash Flow Forecasts Mitigate the Accrual Anomaly? International Evidence
Gordon, Elizabeth A.; Petruska, Karin A.; Yu, Minna - 2021
We investigate the role of analysts’ cash flow forecasts in mitigating the accrual anomaly in an international setting. Based on a sample from 20 world market economies, we find less market overestimation of the accrual component of earnings for firms where analysts issue both cash flow...
Persistent link: https://www.econbiz.de/10013218750
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The Informativeness of Analysts' Cash Flow Forecasts : International Evidence
Wang, Changjiang (John); Yu, Minna - 2021
examining the immediate market reaction to analysts’ cash flow forecast revisions. Using a large sample from 57 countries or … is a significant market reaction to analysts’ cash flow forecast revisions incremental to the reaction to earnings … forecast revisions. Using the accrual index based on the sample in the pre-IFRS period, we find that market reaction to cash …
Persistent link: https://www.econbiz.de/10013221553
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Evaluation of the forecasting capability of selected valuation models for a long-term equity investment
Hakuba, Susanne - 2006
Persistent link: https://www.econbiz.de/10003326415
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What explains the lagged investment effect?
Eberly, Janice C.; Rebelo, Sérgio; Vincent, Nicolas - 2011
"The best predictor of current investment at the firm level is lagged investment. This lagged-investment effect is empirically more important than the cash-flow and Q effects combined. We show that the specification of investment adjustment costs proposed by Christiano, Eichenbaum and Evans...
Persistent link: https://www.econbiz.de/10008989403
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A new perspective on synergy forecasts in mergers & acquisitions
Tischner, Matthias - 2015
Persistent link: https://www.econbiz.de/10010488880
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What explains the lagged investment effect?
Eberly, Janice C.; Rebelo, Sérgio; Vincent, Nicolas - 2011
Persistent link: https://www.econbiz.de/10008939190
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What Explains the Lagged Investment Effect?
Eberly, Janice C. - 2011
The best predictor of current investment at the firm level is lagged investment. This lagged-investment effect is empirically more important than the cash-flow and Q effects combined. We show that the specification of investment adjustment costs proposed by Christiano, Eichenbaum and Evans...
Persistent link: https://www.econbiz.de/10013128270
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What Explains the Lagged Investment Effect?
Eberly, Janice C. - 2011
The best predictor of current investment at the firm level is lagged investment. This lagged-investment effect is empirically more important than the cash-flow and Q effects combined. We show that the specification of investment adjustment costs proposed by Christiano, Eichenbaum and Evans...
Persistent link: https://www.econbiz.de/10012461768
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Corporate diversification and the cost of capital
Hann, Rebecca N.; Ogneva, Maria; Ozbas, Oguzhan - In: The journal of finance : the journal of the American … 68 (2013) 5, pp. 1961-1999
Persistent link: https://www.econbiz.de/10010204834