Financial analysts’ earnings forecasts are a key determinant of stock prices and understanding how these forecasts evolve over time is important. This paper studies the asymmetric behavior of negative and positive values of analysts’ earnings revisions and links it to the conservatism principle of accounting. Using a new three-state mixture of log-normals model that accounts for differences in ...

This study aims to determine the operating cash flow and sales volatility variables on earnings persistence. The purpose of this is how much influence have persistence in Property Real Estate companies listed Indonesia Stock Exchange 2016-2020. type research quantitative. data analysis technique used panel regression with a time series 6 (six) years, namely 2016-2020 period 20 (twenty) accordin...

This research aims to analyze the effect of accruals, leverage, and operating cash on earnings persistence by using book tax difference as moderation in manufacturing companies listed Indonesia Stock Exchange during 2018-2020. The sample was selected purposive sampling method many 40 with a total 120 data for three years. technique uses multiple regression analysis is processed Eviews 12.0 Micr...

In this paper, we present the results from a field experiment in the Netherlands in which single mothers on welfare were stimulated to find a job. Two policy instruments were introduced: an earnings disregard and job creation. The experiment was performed at the level of municipalities. In our analysis we make a distinction between native and immigrant welfare recipients. For immigrant single m...

5 Self-insurance vs. self-financing: A welfare analysis of the persistence of shocks Pages 845-862 Francisco J. Buera, Yongseok Shin 6 Financial integration, entrepreneurial risk and global dynamics Pages 863-896 George-Marios Angeletos, Vasia Panousi 7 Human capital values and returns: Bounds implied by earnings and asset returns data Pages 897-919

In this paper, we document whether and how much the equalizing force of earnings mobility has changed in France in the 1990’s. For this purpose, we use a representative three-year panel, the French Labour Force Survey. We develop a model of earnings dynamics that combines a flexible specification of marginal earnings distributions (to fit the large cross-sectional dimension of the data) with a ...