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Author: Financial Analysts Federation
Publisher:
ISBN:
Category : Business forecasting
Languages : en
Pages : 216
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Book Description
Author: Financial Analysts Federation
Publisher:
ISBN:
Category : Business forecasting
Languages : en
Pages : 216
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Book Description
Author: William S. Gray (III.)
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Francis A. Lees
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 56
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Book Description
Author: Samuel S. Stewart
Publisher:
ISBN:
Category :
Languages : en
Pages : 204
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Book Description
Author: A.T. Kearney, Inc
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 132
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Book Description
Author: Financial Analysts Federation
Publisher:
ISBN:
Category : Business forecasting
Languages : en
Pages : 49
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Book Description
Author: Phyllis S. McGrath
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 36
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Author: United States. Securities and Exchange Commission. Advisory Committee on Corporate Disclosure
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 540
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Book Description
Author: Saskia Jarick
Publisher: GRIN Verlag
ISBN: 3640956222
Category : Business & Economics
Languages : en
Pages : 42
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Book Description
Seminar paper from the year 2011 in the subject Business economics - Accounting and Taxes, grade: 1.3, University of Mannheim, language: English, abstract: Each year, firms disclose information that is analyzed and eventually reflected in the market price. Sources of information are for example annual reports, earnings announcements and press releases. In the past, financial accounting research focused primarily on the numerical financial information disclosed (cf. Hales et al. 2011, 224).1 Interestingly, research showed that asset price movements could only partly be explained by this quantitative information and thus must have additional influencing factors (cf. Demers/Vega 2010, 2). Since corporate disclosure generally consists only to a small fraction of qualitative data and dominantly of textual information (cf. Li 2011, 1)2, and since language is the natural medium through which people communicate, financial accounting research started to focus on the analysis of textual disclosure (cf. Hales et al. 2011, 224). Results of these studies show that different aspects of textual disclosure, like the tone (how information is written/expressed) or the readability can influence for example market prices or analyst behavior (e.g. Li 2010 or Tetlock/Saar-Tsechansky/Macskassy 2008). This paper focuses on research in the field of tone as important characteristic of corporate textual disclosure. Its aim is to provide an overview about the most recent approaches and about challenges that researchers face. The remainder of this paper proceeds as follows. In section 2 the importance of textual analysis and the information content of textual information are discussed. Furthermore this section provides an overview about different approaches to characterize textual disclosure and a tabular classification of the recent literature. Since this paper focuses on the tone of textual disclosure, different approaches to measure tone are discussed as well. In section 3 two recent studies are discussed and section 4 concludes with a summary of the main results of this paper and gives suggestions for future research.
Author: Sundaresh Ramnath
Publisher: Now Publishers Inc
ISBN: 1601981627
Category : Business & Economics
Languages : en
Pages : 125
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Book Description
Financial Analysts' Forecasts and Stock Recommendations reviews research related to the role of financial analysts in the allocation of resources in capital markets. The authors provide an organized look at the literature, with particular attention to important questions that remain open for further research. They focus research related to analysts' decision processes and the usefulness of their forecasts and stock recommendations. Some of the major surveys were published in the early 1990's and since then no less than 250 papers related to financial analysts have appeared in the nine major research journals that we used to launch our review of the literature. The research has evolved from descriptions of the statistical properties of analysts' forecasts to investigations of the incentives and decision processes that give rise to those properties. However, in spite of this broader focus, much of analysts' decision processes and the market's mechanism of drawing a useful consensus from the combination of individual analysts' decisions remain hidden in a black box. What do we know about the relevant valuation metrics and the mechanism by which analysts and investors translate forecasts into present equity values? What do we know about the heuristics relied upon by analysts and the market and the appropriateness of their use? Financial Analysts' Forecasts and Stock Recommendations examines these and other questions and concludes by highlighting area for future research.
