Showing 41 - 50 of 93,043
(referred to as co-owned brokerage houses, co-owned firms, and connected analysts, respectively) on analyst forecast performance … improves analyst forecast accuracy. This result is robust to a difference-in-differences design that exploits exogenous shocks …
Persistent link: https://www.econbiz.de/10013220504
accurate earnings forecasts than individual analysts and that the stock market reacts more strongly to forecast revisions … show that team size and team member ability are significantly associated with forecast accuracy. Moreover, using detailed … analyst background information from LinkedIn, we find that forecast accuracy is positively associated with team diversity …
Persistent link: https://www.econbiz.de/10012052460
empirical study has investigated the nexus between the analyst forecast dispersion (AFD) and excess returns surrounding stock …
Persistent link: https://www.econbiz.de/10011556115
implemented during 2007. The empirical results show that after the new accounting standards were implemented, forecast error among … forecast earnings more frequently than they did before the new accounting standards. These results imply that the …
Persistent link: https://www.econbiz.de/10011824957
forecast levels. A country's proximity to the US, importance to the firm, and visibility, as well as availability of more … precise information about foreign country exposures, contribute to consensus forecast efficiency. We identify a dimension of … — and show that it contributes to forecast efficiency, accuracy, and informativeness and that it helps the analyst achieve …
Persistent link: https://www.econbiz.de/10011800867
Distinct from the literature on the effects that management earnings forecasts (MEFs) properties, such as point, range and qualitative estimations, have on analyst forecasts, this study explores the effects of selective disclosure of MEFs. Under China’s mandatory disclosure system, this study...
Persistent link: https://www.econbiz.de/10011844432
available forecast for each forecaster and the difference between the average and the forecast that this forecaster previously … made. We extended the knowledge base by analyzing the unpredictable component of the earnings forecast. We found that for … some forecasters the unpredictable component can be used to improve upon the predictable forecast, but we also found that …
Persistent link: https://www.econbiz.de/10011895745
Persistent link: https://www.econbiz.de/10010191299
nickels documented in Thomas (1989). In addition, this paper documents a hitherto unrecorded phenomenon that forecast … revisions also exhibit granularity at multiples of nickels and shows that analysts are more likely to make nickel forecast …
Persistent link: https://www.econbiz.de/10014205618
We document an improvement in analysts’ forecast accuracy following increased sector ETF ownership. We identify a …, analysts have an opportunity to re-optimize their attention to firm-specific information and improve forecast accuracy …
Persistent link: https://www.econbiz.de/10014351350