A Study of Meeting Or Beating Analysts' Forecasts of Earning and Timeliness of Write-offs PDF Download
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Author: Tae Hee Choi
Publisher:
ISBN:
Category :
Languages : en
Pages : 334
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Book Description
Abstract: Empirical evidence supports the notion that both reported earnings and analysts' forecasts of earnings are managed in response to a variety of incentives of managers. One of the important incentives to manage earnings and/or analysts' forecasts is to exceed the market's expectation. The purpose of this study is to explore issues associated with earnings management and/or forecast management. In this thesis, I will present two essays to investigate issues pertaining to earnings management and/or forecast management.
Author: Tae Hee Choi
Publisher:
ISBN:
Category :
Languages : en
Pages : 334
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Book Description
Abstract: Empirical evidence supports the notion that both reported earnings and analysts' forecasts of earnings are managed in response to a variety of incentives of managers. One of the important incentives to manage earnings and/or analysts' forecasts is to exceed the market's expectation. The purpose of this study is to explore issues associated with earnings management and/or forecast management. In this thesis, I will present two essays to investigate issues pertaining to earnings management and/or forecast management.
Author: Lynn L. Rees
Publisher:
ISBN:
Category :
Languages : en
Pages : 34
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Book Description
Recent studies in the accounting literature provide evidence of a market premium whenever firms meet or exceed analysts' earnings forecasts. Financial analysts typically issue revenue forecasts in addition to earnings forecasts. In this study, we draw our motivation from the cue consistency theory to examine whether meeting or exceeding revenue forecasts serves as an additional cue to the market in pricing earnings performance. Consistent with this theory, we show that the market premium (penalty) to meeting or beating (not meeting) earnings forecasts is accentuated when revenue forecasts are also met (not met). Meeting earnings forecasts but not meeting revenue forecasts generally results in a significantly negative market penalty, and the magnitude of the earnings response coefficient jointly depends on whether the earnings and revenue forecasts are met or not. Finally, consistent with previous research, we document a significant association between revenue forecast errors and quarterly abnormal returns. However, we show that after allowing for differential market reactions depending on whether earnings and revenue forecasts are met, this association becomes insignificant. This result suggests that the value of meeting revenue forecasts is arguably of greater importance to market participants than the magnitude of the revenue forecast error.
Author: Entesar Abdullah
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 262
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Book Description
Author:
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 732
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Book Description
Author: Gerald I. White
Publisher: John Wiley & Sons
ISBN: 0471375942
Category : Business & Economics
Languages : en
Pages : 786
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Book Description
Accounting Standards (US and International) have been updated to reflect the latest pronouncements. * An increased international focus with more coverage of IASC and non-US GAAPs and more non-US examples.
Author: Mark J. P. Anson
Publisher: John Wiley & Sons
ISBN: 1118008693
Category : Business & Economics
Languages : en
Pages : 497
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Book Description
A comprehensive volume that covers a complete array of traditional and alternative investment vehicles This practical guide provides a comprehensive overview of traditional and alternative investment vehicles for professional and individual investors hoping to gain a deeper understanding of the benefits and pitfalls of using these products. In it, expert authors Mark Anson, Frank Fabozzi, and Frank Jones clearly present the major principles and methods of investing and their risks and rewards. Along the way, they focus on providing you with the information needed to successfully invest using a host of different methods depending upon your needs and goals. Topics include equities, all types of fixed income securities, investment-oriented insurance products, mutual funds, closed-end funds, investment companies, exchange-traded funds, futures, options, hedge funds, private equity, and real estate Written by the expert author team of Mark Anson, Frank Fabozzi, and Frank Jones Includes valuable insights for everyone from finance professionals to individual investors Many finance books offer collections of expertise on one or two areas of finance, but The Handbook of Traditional and Alternative Investment Vehicles brings all of these topics together in one comprehensive volume.
Author:
Publisher:
ISBN:
Category : Dissertation abstracts
Languages : en
Pages : 776
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Book Description
Author: Joshua Ronen
Publisher: Springer Science & Business Media
ISBN: 0387257713
Category : Business & Economics
Languages : en
Pages : 587
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Book Description
This book is a study of earnings management, aimed at scholars and professionals in accounting, finance, economics, and law. The authors address research questions including: Why are earnings so important that firms feel compelled to manipulate them? What set of circumstances will induce earnings management? How will the interaction among management, boards of directors, investors, employees, suppliers, customers and regulators affect earnings management? How to design empirical research addressing earnings management? What are the limitations and strengths of current empirical models?
Author: Amy Yunzhi Zang
Publisher: ProQuest
ISBN: 9780549163251
Category :
Languages : en
Pages : 120
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Book Description
Author: Patricia M. Dechow
Publisher: Research Foundation of the Institute of Chartered Financial Analysts
ISBN: 9780943205687
Category : Corporate profits
Languages : en
Pages : 152
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Book Description
