Similar Search Results

The Effect of Analyst Forecasts During Earnings Announcements on Investor Responses to Reported Earnings

Lobo, Gerald J. - 2020

reinforcing and contradicting analyst forecast revisions issued during earnings announcements (days 0 and 1) on the market … response to unexpected earnings. We classify forecast revisions as reinforcing (contradicting) when the sign of analyst … forecast revisions agrees (disagrees) with the sign of unexpected earnings. We document larger (smaller) earnings response …

Persistent link: https://www.econbiz.de/10012856674

How Disaggregated Forecasts Influence Investor Response to Subsequent Earnings Announcements

Clor-Proell, Shana - 2018

forecast and the subsequent earnings announcement. Thus, when firms disaggregate forecasts and subsequently release … multiple benchmarks. Thus, we show that issuing a disaggregated earnings forecast to achieve the associated benefits can …

Persistent link: https://www.econbiz.de/10012933212

Management earnings guidance as a commitment device

Black, Dirk E.; Gipper, Brandon; Stocken, Phillip C. - 2021

. The failure of management to attain a forecast may reflect poorly on its industry understanding, knowledge of the firm …

Persistent link: https://www.econbiz.de/10012585955

Intangibles and management earnings forecasts

Khallaf, Ashraf; Kannan, Yezen - In: China journal of accounting research : CJAR 17 (2024) 2, pp. 1-20

We investigate how the accounting treatment of intangible assets on managers' likelihood of issuing voluntary earnings guidance (MEF). We find that unrecognized intangibles (immediately expensed) are negatively associated with MEF issuance, while recognized intangibles (capitalized) show a...

Persistent link: https://www.econbiz.de/10014580183

Are Earnings Forecasts Informed by Proxy Statement Compensation Disclosures?

Larocque, Stephannie - 2019

the magnitude and direction of analysts' forecast revisions are positively associated with unexplained CEO compensation …, however. Analysts' forecast errors measured months after the DEF14A release are associated with past unexplained compensation …

Persistent link: https://www.econbiz.de/10012863614

Earnings Forecasts Disclosure Regulation and Earnings Management by IPO Firms

Jaggi, Bikki; Chin, Chen-lung; Lin, Hsiou-Wei; Lee, Picheng - 2019

managed upward using discretionary accruals to reduce the forecast error. Additionally, it evaluates how investors react to … earnings management and forecast revisions. The study is based on 760 forecasts issued by Taiwan IPO firms from 1991 to 2000 …

Persistent link: https://www.econbiz.de/10014074916

No Reliance on Guidance : Counter-Signaling in Management Forecasts

Aghamolla, Cyrus - 2020

earnings and the accuracy of the guidance, but issuing a forecast is costless for all manager types. Managers are thus able to … ability to the market, while intermediate managers must forecast to separate from low ability managers. Hence, we find that …

Persistent link: https://www.econbiz.de/10012851796

Predictability of earnings and its impact on stock returns : evidence from India

Kundu, Sayantan; Banerjee, Aditya - In: Cogent economics & finance 9 (2021) 1, pp. 1-24

The purpose of this paper is to analyse the predictability of earnings information before the quarterly disclosure date. Two categories of firms are contrasted: the firms that announce better quarterly earnings than the prior period and the firms that do not. The paper uses a sample of 67...

Persistent link: https://www.econbiz.de/10013183853

Information in mandatory and voluntary earnings announcement date forecasts

Barth, Mary E.; Clinch, Greg; Ma, Paul - 2018

yet-to-be-announced firm performance and convey earnings news, even for firms less likely to forecast if forecasting were …; the act of forecasting and forecast timing provide some information, but no significant incremental earnings news is …

Persistent link: https://www.econbiz.de/10011980114

Underreaction to Industry-Wide Earnings and the Post-Forecast Revision Drift

Hui, Kai Wai - 2012

We test whether the post-forecast revision drift is mainly attributable to investors' underreaction to industry …-wide earnings news conveyed by analysts' forecast revisions. We find a large drift associated with industry-wide earnings news but … evidence that the post-forecast revision drift is driven by investors' underreaction to the higher persistence of industry …

Persistent link: https://www.econbiz.de/10013115317