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Predicting earnings and cash flows : the information content of losses and tax loss carryforwards
Dreher, Sandra; Eichfelder, Sebastian; Noth, Felix - 2017
We analyze the relevande of losses, accounting information on tax loss carryforwards, and deferred taxes for the prediction of earnings and cash flows up to four years ahead. We use a unique hand-collected panel of German listed firms encompassing detailed information on tax loss carryforwards...
Persistent link: https://www.econbiz.de/10011772106
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Predicting earnings and cash flows: the information content of losses and tax loss carryforwards
Dreher, Sandra; Eichfelder, Sebastian; Noth, Felix - 2017
We analyse the relevance of losses, accounting information on tax loss carryforwards, and deferred taxes for the prediction of earnings and cash flows up to four years ahead. We use a unique hand-collected panel of German listed firms encompassing detailed information on tax loss carryforwards...
Persistent link: https://www.econbiz.de/10011779809
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Exploring Managers' Accrual-Related Forecast Bias
Keskek, Sami - 2017
forecast errors and accruals, which we label “managers' accrual-related forecast bias.” We build on extensive research which … between managers' earnings forecast errors and discretionary accruals, but no association between managers' earnings forecast … errors and nondiscretionary accruals. Furthermore, the association between managers' earnings forecast errors and …
Persistent link: https://www.econbiz.de/10012955306
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Modeling and Forecasting a Firm's Financial Statements with a VAR-VECM Model
Doornik, Bernardus Ferdinandus Nazar Van; de Medeiros, … - 2009
This paper details efforts at developing and estimating a Vector Autoregressive (VAR) econometric model representative of the financial statements of a firm. Although the model can be generalized to represent the financial statements of any firm, this work was carried out as a case study, where...
Persistent link: https://www.econbiz.de/10014211147
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Accounting based valuation : a simultaneous equations model for forecasting earnings to proxy for "other information"
Bergmann, Iris; Schultze, Wolfgang - In: Review of quantitative finance and accounting 50 (2018) 4, pp. 1057-1091
Persistent link: https://www.econbiz.de/10011979357
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A note on uncertainty due to infectious diseases and output growth of the United States : a mixed-frequency forecasting experiment
Salisu, Afees A.; Gupta, Rangan; Demirer, Rıza - In: Annals of financial economics 17 (2022) 2, pp. 1-9
Persistent link: https://www.econbiz.de/10013262971
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Financial Signaling and Earnings Forecasts
Brushko, Iuliia - 2013
This paper examines the extent to which financial signaling affects the analysts' and managers' forecast releases. The … findings give evidence of heterogeneity of analysts' forecast errors between firms with strong financial indicators (high … group). The paper further indicates that managers' forecast releases also depend on the type of the firm and that managers …
Persistent link: https://www.econbiz.de/10013071999
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Redundant Information and Predictable Returns
Carniol, Michael P - 2019
How well do investors distinguish information that already is priced from genuinely novel and exclusive private information? This paper examines whether investors misweight information that already is in stock prices (“redundant information”) in making their trading decisions. I extend the...
Persistent link: https://www.econbiz.de/10012901563
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Should SPAC Forecasts be Sacked?
Dambra, Michael; Even-Tov, Omri; George, Kimberlyn - 2021
In 1995 Congress passed the Private Securities Litigation Reform Act (PSLRA), which grants public companies a safe harbor from liability for forward-looking statements (FLS). Because investors cannot reasonably assess the legitimacy of forward-looking information for initial public offerings...
Persistent link: https://www.econbiz.de/10013211283
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Inside the crystal ball : new approaches to predicting the gasoline price at the pump
Baumeister, Christiane; Kilian, Lutz; Lee, Thomas - 2016
the no-change forecast. Our key finding is that substantial reductions in the mean-squared prediction error (MSPE) of … greater reductions in MSPEs are possible by constructing a pooled forecast that assigns equal weight to five of the most …
Persistent link: https://www.econbiz.de/10011429580