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Audit Quality and Properties of Analyst Earnings Forecasts
Behn, Bruce K. - 2008
Under the assumption that audit quality relates positively to unobservable financial reporting reliability, we investigate whether audit quality is associated with the predictability of accounting earnings by focusing on analyst earnings forecast properties. The evidence shows that analysts'...
Persistent link: https://www.econbiz.de/10012773262
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Audit Quality and Properties of Analyst Earnings Forecasts
Behn, Bruce K.; Choi, Jong-Hag; Kang, Tony - 2007
Under the assumption that audit quality relates positively to unobservable financial reporting reliability, we investigate whether audit quality is associated with the predictability of accounting earnings by focusing on analyst earnings forecast properties. The evidence shows that analysts'...
Persistent link: https://www.econbiz.de/10014224291
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The Option Market's Anticipation of Information Content in Earnings Announcements
Billings, Mary Brooke - 2014
We exploit information in option prices in order to study whether the ex post responsiveness of tock prices to earnings information is reflected from an ex ante, firm- and quarter-specific perspective. Specifically, we develop a measure of anticipated information content (AIC) that isolates the...
Persistent link: https://www.econbiz.de/10013068375
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Audit Quality and Properties of Analysts' Information Environment
He, Wen - 2014
Prior research (Behn et al. 2008) suggests that higher audit quality is associated with increased accuracy and reduced dispersion in earnings forecasts issued by sell-side analysts. We extend this work to consider how audit quality impacts the information environment in which analysts operate....
Persistent link: https://www.econbiz.de/10013050066
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Does the Mandatory Disclosure of Audit Information Affect Analysts’ Information Acquisition?
Kong, Dongmin; Ji, Mianmian; Liu, Shasha - 2021
By introducing the implementation of the Key Audit Matters (KAM) Disclosure Standards for China’s companies cross-listed in Hong Kong in 2017, we present evidence that KAM disclosure reduces analysts’ company visits, which is an important channel of information acquisition. The decreasing...
Persistent link: https://www.econbiz.de/10013217572
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Did Analysts Contribute to the Disappearance of the Accrual Anomaly?
Keskek, Sami - 2013
We use the recent disappearance of the accrual anomaly to investigate analysts' contribution to improved information … processing by investors. Prior research finds that investors and analysts made accrual-related pricing and forecast errors …, respectively, in the anomaly period. As sophisticated information intermediaries, analysts could have corrected their accrual …
Persistent link: https://www.econbiz.de/10013081716
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The informational role of audit partner industry specialization
Liao, Yi-Hsing; Lee, Hua; Chen, Chao-Jung - In: Review of quantitative finance and accounting 60 (2023) 1, pp. 69-109
Persistent link: https://www.econbiz.de/10013548967
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On the Relationship Between Analyst Reports and Corporate Disclosures : Exploring the Roles of Information Discovery and Interpretation
Chen, Xia - 2014
We examine the relationship between analyst research and corporate earnings announcements to explore the relative importance of information discovery versus interpretation of previously released information. Using equity market reaction to capture information content, we find that information...
Persistent link: https://www.econbiz.de/10013070458
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Corporate Disclosure Quality and Properties of Analysts' Information Environment
Byard, Donal; Shaw, Kenneth W. - 2003
This study examines how the quality of corporate disclosures impacts the precision of information that financial analysts incorporate into their forecasts of upcoming annual earnings. Our empirical measures distinguish between the precision of individual analysts' common and idiosyncratic...
Persistent link: https://www.econbiz.de/10014075595
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Changes in Analysts' Information Around Earnings Announcements
Barron, Orie E.; Byard, Donal; Kim, Oliver - 2002
In this study we examine changes in the precision and the commonality of information contained in individual analysts' earnings forecasts, focusing on changes around earnings announcements. Using the empirical proxies suggested by the Barron et al. (1998) model that are based on the...
Persistent link: https://www.econbiz.de/10014114630