Determinants of Earnings Forecast Error, Earnings Forecast Revision and Earnings Forecast Accuracy
Title | Determinants of Earnings Forecast Error, Earnings Forecast Revision and Earnings Forecast Accuracy PDF eBook |
Author | Sebastian Gell |
Publisher | Springer Science & Business Media |
Pages | 144 |
Release | 2012-03-26 |
Genre | Business & Economics |
ISBN | 3834939374 |
Earnings forecasts are ubiquitous in today’s financial markets. They are essential indicators of future firm performance and a starting point for firm valuation. Extremely inaccurate and overoptimistic forecasts during the most recent financial crisis have raised serious doubts regarding the reliability of such forecasts. This thesis therefore investigates new determinants of forecast errors and accuracy. In addition, new determinants of forecast revisions are examined. More specifically, the thesis answers the following questions: 1) How do analyst incentives lead to forecast errors? 2) How do changes in analyst incentives lead to forecast revisions?, and 3) What factors drive differences in forecast accuracy?
New Determinants of Analysts’ Earnings Forecast Accuracy
Title | New Determinants of Analysts’ Earnings Forecast Accuracy PDF eBook |
Author | Tanja Klettke |
Publisher | Springer Science & Business |
Pages | 120 |
Release | 2014-04-28 |
Genre | Business & Economics |
ISBN | 3658056347 |
Financial analysts provide information in their research reports and thereby help forming expectations of a firm’s future business performance. Thus, it is essential to recognize analysts who provide the most precise forecasts and the accounting literature identifies characteristics that help finding the most accurate analysts. Tanja Klettke detects new relationships and identifies two new determinants of earnings forecast accuracy. These new determinants are an analyst’s “general forecast effort” and the “number of supplementary forecasts”. Within two comprehensive empirical investigations she proves these measures’ power to explain accuracy differences. Tanja Klettke’s research helps investors and researchers to identify more accurate earnings forecasts.
Analysts' Forecasts as Earnings Expectations (Classic Reprint)
Title | Analysts' Forecasts as Earnings Expectations (Classic Reprint) PDF eBook |
Author | Patricia C. O'Brien |
Publisher | Forgotten Books |
Pages | 74 |
Release | 2018-02-26 |
Genre | Mathematics |
ISBN | 9780666405524 |
Excerpt from Analysts' Forecasts as Earnings Expectations Analysts' forecasts of earnings are increasingly used in accounting and finance research as expectations data, to proxy for the unobservable market expectation of a future 'realization. 'since a diverse set of forecasts is available at any time for a given firm's earnings. Composites are used to distill the information from the diverse set into a single expectation. This paper considers the relative merits of several composite forecasts as expectations data. One of the primary results is that the most current forecast available outperforms more commonly used aggregations such as the mean or the median. Mthis result is consistent-with forecasters incorporating information from others' previous predictions into their own. It also suggests that the forecast date, which previous research has largely ignored, is a characteristic relevant for distinguishing better forecasts. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Analyst's Forecasts As Earnings Expectations
Title | Analyst's Forecasts As Earnings Expectations PDF eBook |
Author | Patricia C. O'Brien |
Publisher | |
Pages | 136 |
Release | 2015-09-11 |
Genre | |
ISBN | 9781342369888 |
Earnings Expectations
Title | Earnings Expectations PDF eBook |
Author | William Kross |
Publisher | |
Pages | 64 |
Release | 1987 |
Genre | |
ISBN |
Analyst's Forecasts as Earnings Expectations
Title | Analyst's Forecasts as Earnings Expectations PDF eBook |
Author | Patricia C O'Brien |
Publisher | Palala Press |
Pages | 74 |
Release | 2018-03-04 |
Genre | |
ISBN | 9781379241669 |
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Lifetime Earnings Estimates for Men and Women in the United States, 1979
Title | Lifetime Earnings Estimates for Men and Women in the United States, 1979 PDF eBook |
Author | Dan L. Burkhead |
Publisher | |
Pages | 48 |
Release | 1983 |
Genre | Income forecasting |
ISBN |