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Using analysts’ earnings forecasts for country/industry-based asset allocation

Forbes, William; Huijgen, Carel; Plantinga, Auke - In: Managerial Finance 32 (2006), pp. 317-336

Purpose – This paper seeks to investigate the usefulness of analysts’ earnings forecast revisions in the allocation of …/methodology/approach - The methodolgy is to use monthly consensus I/B/E/S – First Call analysts’ earnings forecasts for companies listed on the … are driven more by common components than earnings forecast revisions, and company specific news reflected by the revision …

Persistent link: https://www.econbiz.de/10010741369

Do regulations matter? The effects of cross-listing on analysts' coverage and forecast errors: A comparative analysis

Abdallah, Abed AL-Nasser - In: Review of Accounting and Finance 7 (2008) August, pp. 285-307

). Findings – After controlling for the firm's size, risk, earnings surprise, and industry, the results show that analysts become …

Persistent link: https://www.econbiz.de/10004987692

The value relevance of accounting variables and analysts’ forecasts: The case of biotechnology firms

Tan, Patricia Mui-Siang; Lim, Chee Yeow - In: Review of Accounting and Finance 6 (2007) August, pp. 233-253

earnings was employed, and the basic model was augmented with additional accounting variables. These accounting variables may … provide information relevant for forming an approximation on the present value of expected future abnormal earnings. Findings … – Results show non-linearities in the pricing of accounting variables Both book value and earnings are value relevant, but …

Persistent link: https://www.econbiz.de/10004987710

The equity premium puzzle: an artificial neural network approach

Wong, Shee Q.; Hassan, Nik R.; Feroz, Ehsan - In: Review of Accounting and Finance 6 (2007) May, pp. 150-161

Purpose – In recent years, equity premiums have been unusually large and efforts to forecast them have been largely unsuccessful. This paper presents evidence suggesting that artificial neural networks (ANNs) outperform traditional statistical methods and can forecast equity premiums...

Persistent link: https://www.econbiz.de/10004987714

Intangible assets and future growth: evidence from Japan

Al-Twaijry, Abdulrahman - In: Asian Review of Accounting 17 (2009) May, pp. 23-39

empirically investigate the relationship between investment on ITAs and future growth in the manufacturing sector earnings and …

Persistent link: https://www.econbiz.de/10004994388

Effectiveness of volatility models in option pricing: evidence from recent financial upheavals

Kumar Singh, Vipul - In: Journal of Advances in Management Research 10 (2013) 3, pp. 352-375

Purpose – The purpose of this paper is to explore the forecasting effectiveness of Black-Scholes (BS) focussing parity analysis of time series econometric and implied volatility (IV) numerical techniques. Design/methodology/approach – To analyze the comparative competitiveness of econometric...

Persistent link: https://www.econbiz.de/10014840204

Does corporate disclosure policy change financial analysts' behaviour? Evidence from France

Lakhal, Faten - In: Journal of Accounting & Organizational Change 5 (2009) 3, pp. 344-361

Purpose – The purpose of this paper is to examine whether financial analysts are sensitive to voluntary earning disclosures. Design/methodology/approach – The paper is based on a literature review of the relationship between analysts' behaviour and corporate disclosures. It is assumed first...

Persistent link: https://www.econbiz.de/10014840321

The advanced forecasting information system PYTHIA : An application in real estate time series

Pagourtzi, Elli; Makridakis, Spyros; Assimakopoulos, … - In: Journal of European Real Estate Research 1 (2008) 2, pp. 114-138

Purpose – The main scope of the paper is to demonstrate the capabilities of PYTHIA forecasting platform, to compare time series forecasting techniques, which were used to forecast mortgage loans in UK, and to show how PYTHIA can be useful for a bank. Design/methodology/approach – The paper...

Persistent link: https://www.econbiz.de/10014862612

Mean reversion in stock prices: new evidence from panel unit root tests

Narayan, Paresh Kumar; Narayan, Seema - In: Studies in Economics and Finance 24 (2007) 3, pp. 233-244

Purpose – There are several studies that investigate evidence for mean reversion in stock prices. However, there is no consensus as to whether stock prices are mean reverting or random walk (unit root) processes. The goal of this paper is to re‐examine mean reversion in stock prices....

Persistent link: https://www.econbiz.de/10015013564

Evaluating random walk forecasts of exchange rates

Baghestani, Hamid - In: Studies in Economics and Finance 26 (2009) 3, pp. 171-181

Purpose – The random walk forecast of exchange rate serves as a standard benchmark for forecast comparison. The purpose of this paper is to assess whether this benchmark is unbiased and directionally accurate under symmetric loss. The focus is on the random walk forecasts of the dollar/euro...

Persistent link: https://www.econbiz.de/10015013596