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) we show in a practical manner that models converge to the same results based on real data of analysts forecast consensus …
Persistent link: https://www.econbiz.de/10013018528
and magnitude of accruals. Finally, we find a significant market reaction to analysts' cash flow forecast revisions …
Persistent link: https://www.econbiz.de/10013105787
We provide new evidence about how analysts incorporate and improve on management ETR forecasts. Quarterly ETR reporting under the integral method provides mandatory point-estimate forecasts by management, but firms must record certain “discrete” tax items fully in the quarter they occur,...
Persistent link: https://www.econbiz.de/10012972358
forecast properties. The evidence shows that analysts' earnings forecast accuracy is higher and the forecast dispersion is … higher forecast accuracy and less forecast dispersion in the non-Big Five auditor sample but not in the Big Five auditor …
Persistent link: https://www.econbiz.de/10012773262
forecast properties. The evidence shows that analysts' earnings forecast accuracy is higher and the forecast dispersion is … higher forecast accuracy and less forecast dispersion in the non-Big Five auditor sample but not in the Big Five auditor …
Persistent link: https://www.econbiz.de/10014224291
Understanding and the interpretation of financial statements is an important factor for economic entities, for making the right decisions. Nowadays, more and more is noticed the general tendency of the harmonization of the Directive IV of the European Committee with International Financial...
Persistent link: https://www.econbiz.de/10011115476
in private debt contracts. We find greater proximity between the analysts' consensus earnings forecast and the future …
Persistent link: https://www.econbiz.de/10012852918
We examine whether corporate social media information affects analysts' forecast accuracy. We use corporate Facebook … examine the impact of such on analyst forecast performance. Using aggregate number of posts and reactions to posts for S&P 500 … firms, we find that analyst forecast errors are unresponsive to corporate social media posts. However, our results show that …
Persistent link: https://www.econbiz.de/10012864066
We extend prior research examining the relation between aggregate recommendation changes and future returns by documenting that this relation varies over time as a function of the predictability of future earnings growth. When industry-level earnings growth is more predictable, we find that...
Persistent link: https://www.econbiz.de/10012840191
. We also conduct a study on the persistence of forecast accuracy across analysts and across stocks over the 15-year period … analyst forecast values and back-test a range of forecast-driven systematic strategies …
Persistent link: https://www.econbiz.de/10012842120