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The state of the art in the analyst forecasting literature is that analyst earnings forecast ability is only firm … absence of a “spillover” effect, i.e., investors do not consider an analyst's earnings forecast ability regarding firm k when … reacting to his earnings forecast revision for firm j. We re-examine the issue of whether or not earnings forecast ability is …
Persistent link: https://www.econbiz.de/10013070639
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/10012898620
forecast accuracy, and we show that teams are less accurate than individual analysts in general and their own individual team … team members in particular. Consistent with the notion that teams trade-off forecast accuracy for timeliness to comply with … a market research demand, we show that team forecast revisions are associated with larger market responses than those of …
Persistent link: https://www.econbiz.de/10012710007
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
forecast disclosure only accrue to bidders with a strong forecasting reputation prior to the acquisition. Explaining why not … all bidders forecast, we document a higher likelihood of post-merger litigation and CEO turnover for bidders with a weak …
Persistent link: https://www.econbiz.de/10012905443
Companies that go public on global stock markets are not obliged to disclose earnings forecasts in their prospectuses. We use this fact to examine the shipping sector, where most firms issue earnings forecasts during the IPO process, and provide unique, international-level evidence. We find...
Persistent link: https://www.econbiz.de/10012940288
By issuing earnings forecasts for both current and future years simultaneously, managers provide the multi-year data required for many valuation models and help investors sort out transitory and permanent shocks. We find that firms that are overpriced and have more transitory earnings tend to...
Persistent link: https://www.econbiz.de/10012823209
profit margin provide incremental information for predicting changes in future return on assets. After controlling for …
Persistent link: https://www.econbiz.de/10010520353
earnings forecasters, we see that small adjustments to the model forecasts lead to more forecast accuracy. Based on past track …
Persistent link: https://www.econbiz.de/10010490078
We examine whether management earnings forecast errors exhibit serial correlation and how analysts understand the … serial correlation property of management forecast errors. Management forecast errors should not exhibit serial correlation … if managers efficiently process information in prior forecast errors and truthfully convey their earnings expectations …
Persistent link: https://www.econbiz.de/10013131832