Earnings Smoothing, Analyst Following, and Firm Value
نویسندگان
چکیده
منابع مشابه
Management Earnings Forecasts and Value of Analyst Forecast Revisions
Prior studies evaluate the relative importance of the sources of value that financial analysts bring to the market based on the price impact of forecast revisions over the event time. We find that management earnings forecasts influence the timing and precision of analyst forecasts. More importantly, evidence suggests that prior studies’ finding of weaker (stronger) stock-price responses to for...
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Vol. XLVII (December 2010), 1041 –1058 *Xueming Luo is Eunice & James L. West Distinguished Professor and Professor of Marketing, College of Business Administration, University of Texas at Arlington (e-mail: [email protected]). Christian Homburg is Professor of Marketing and Chair of the Marketing Department, University of Mannheim (e-mail: [email protected]). Jan Wieseke is Professor of ...
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The main objective of this study was to investigate the effect of income smoothing on investors reaction to Earnings Persistence of companies listed on the Stock Exchange in Tehran. The population of the study was companies listed on the Stock Exchange in Tehran, the sample size due to screening method and after removing outliers is equal to 118 companies. In this study, earnings persistence an...
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Do analysts serve as external monitors to managers, or do they put excessive pressure on managers? This study examines the role analysts play in corporate governance by focusing on the effect that their scrutiny has on earnings management. Controlling for other firm characteristics, including institutional ownership, I find that firms followed by more analysts manage their earnings less. To add...
متن کامل“ Analyst Coverage and Earnings Management ” on
This study investigates the effect of analyst coverage on both accrual-based and real earnings management. Regarding accrual-based earnings management, I find that firms followed by more analysts engage in less accruals management and that more experienced analysts seem to be more effective in constraining accruals management, consistent with the role of analysts as external monitors to manager...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1361228