نتایج جستجو برای: management earnings forecast errors
تعداد نتایج: 1014653 فیلتر نتایج به سال:
Long historical averages of real earnings help forecast present values of future real dividends. With aggregate U.S. stock market data (1871-1986), a vector-autoregressive forecast of the present value of future dividends is, for each year, roughly a weighted average of moving-average arnings and current real price, with between two thirds and three fourths of the weight on the earnings measure...
This paper evaluates the information content of analysts’ one-quarter ahead earnings forecast revisions and recommendation revisions at various points in time relative to earnings announcement dates. We conduct three sets of tests to evaluate the information content of revisions. Across all tests, we find that the revisions are least informative in the week after earnings announcements and that...
Earnings management is an important part of current accounting studies. Many of those studies concentrate on accruals. This study critically evaluates frequently used accrual models. The Jones model was the first econometric approach to estimating discretionary accruals. Even though it is subject to several limitations, such as model misspecification, omitted-variables, and errors-in-variables ...
this study presents empirical evidence concerning the effect of different accounting standard on earnings management. prior studies have shown that accounting standards influence earnings management. tighter accounting standards regime restricts management’s descretion to manipulate accruals, and at the same time, induce more costly real earnings management activities. to investigate this iss...
بسیاری از موارد بحرانهای مالی مربوط به شرکتهای سهامی عام بوده که درحال افزایش است. بسیاری از سرمایه گذاران و اعتباردهندگان در مورد پیش بینی بحران مالی به خصوص زمانی که مدیریت سود رخ میدهد مشکلاتی دارند. تحقیقات اخیر به شناسایی عوامل و فاکتورهای مرتبط با مدیریت سود میپردازد. بنابراین از طریق آن قادر به تعیین ارتباط میان این عوامل و دستکاری سود هستند. به منظور کاهش ریسک بحرانهای مالی ناشی از...
Governments have always affected the economic environment as a policy maker. On the other hand, the presence of political connection as representatives of governments in companies affects their administrative and decision - making methods.Firms and managers manage them under environmental conditions by applying different approaches to earning management in order to achieve their goals.The gover...
This study analyzes trends in analyst forecast properties from 1987 through 1998 in the United States and seven Pacific Rim countries: Australia, New Zealand, Taiwan, Hong Kong, Japan, South Korea, and Thailand. Analyst forecast properties in the United States have become less dispersed, more accurate, and less optimistic during the sample period. Similar trends exist in Australia and New Zeala...
My dissertation examines the stock market’s assessment of corporate mandatory and voluntary disclosure. Specifically, the first part of the dissertation investigates the stock market reaction to the mandatory segment reporting changes and the second part studies how the stock market assesses credibility of voluntary management forecasts. The dissertation is composed of two essays. The first ess...
One of the many challenges facing financial economists is to distinguish the theories explaining momentum. Brav and Heaton (2002) show that it is very difficult to distinguish the “rational” models of structural uncertainty (SU) from “behavioral” models of conservatism (C). In this paper, I reexamine the SU model and the C model proposed by Brav & Heaton (2002) in explaining short run momentum....
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