Moody’s analysts and sell-side equity analysts adjust GAAP earnings as part of their research. We show that adjusted earnings definitions of Moody’s analysts are significantly lower than those of equity analysts when companies exhibit higher downside risk, as measured by volatility in idiosyncratic stock returns, volatility in negative market returns, poor earnings, and loss status. Relative to...

Abstrak: Good Corporate Governance dan Social Responsibility di Indonesia: Pentingkah Earnings Response Coefficient? Penelitian ini bertujuan untuk menguji menganalisis pengaruh (GCG) pengungkapan (CSR) terhadap Coefficient (ERC) pada perusahaan subsektor perbankan yang terdaftar BEI periode 2017—2019Data dianalisis dengan metode uji regresi linear berganda data panel. Hasil menunjukkan berpeng...

Abstract: Purpose: The purpose of this study is to find out whether Islamic Social Reporting has an effect on the Earning Response Coefficient, Leverage and Liquidity Coefficient. Method: This uses quantitative research methods with secondary data types from 2015-2020 obtained IDX official website Yahoo Finance. Data collection techniques used are documentation library studies. sampling techniq...

Burgstahler and Eames (2003) present evidence that analysts commonly anticipate earnings management to avoid small losses, but often incorrectly predict its occurrence. Here we consider whether the market’s behavior mimics that of analysts. Our results suggest that analysts exhibit more forecast optimism in their zero earnings forecasts than in their other small earnings forecast levels, and ma...