Evaluating the information content of earnings forecasts
نویسندگان
چکیده
منابع مشابه
Analyzing the Incremental Information Content of Earnings Downside Risk in Explaining the Cost of Capital
The purpose of this study is to investigate the effect of a new measure of risk, the earnings downside risk on capital costs, and comparing the incremental information content of this measure to other risk metrics. accordingly, two hypotheses were defined and the effect of the earnings downside risk on the cost of capital as well as the information content of this measure in relation to the...
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Theory suggests that managers issue earnings forecasts to reduce information asymmetry. An earnings forecast is more effective in reducing information asymmetry if it contains earnings news that is relatively more informative about the firm’s value. We hypothesize that a manager is more likely to issue an earnings forecast if investors perceive that earnings are more informative. We measure ear...
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This paper evaluates the type of exchange rate equations that are part of the multicountry economtric model in Fair (1994). Two equations are analyzed— one estimated for the dollar/yen rate and one for the dollar/mark rate. The forecasts from the equations dominate forecasts from the random walk model, from a fairly general version of the monetary model, and from the use of the forward rate. Th...
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We examine the relation between analysts’ earnings forecasts and firms’ intangible assets, including technology-based intangibles, brand names, and recognized intangibles. We predict that high information complexity of intangible assets increases the difficulty for analysts to assimilate information and increases analysts’ forecast error of intangibles-intensive firms. We find a positive associ...
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ژورنال
عنوان ژورنال: Accounting and Business Research
سال: 2018
ISSN: 0001-4788,2159-4260
DOI: 10.1080/00014788.2017.1415800