Does Religiosity Improve Analyst Forecast Accuracy?

2021 ◽  
Author(s):  
Zuobao Wei ◽  
Yicheng Zhu
Keyword(s):  
Forecast Accuracy ◽  
Analyst Forecast

Information Technology Capability, Management Forecast Accuracy, and Analyst Forecast Revisions

2018 ◽  
Vol 32 (3) ◽  
pp. 49-70 ◽  
Author(s):  
Feiqi Huang ◽  
He Li ◽  
Tawei Wang
Keyword(s):  
Forecast Accuracy ◽  
Analyst Forecast ◽  
Management Forecasts ◽  
Forecast Revisions ◽  
It Capability ◽  
Management Forecast ◽  
Prior Literature ◽  
Technology Capability ◽  
Information Technology Capability ◽  
The Relationship

SYNOPSISPrior literature has firmly established the relationship between IT capability and firm performance. In this paper, we extend the research in this field and investigate (1) whether IT capability contributes to management forecast accuracy, and (2) whether IT capability improves the informativeness of management forecasts and enhances the extent to which analysts incorporate management forecasts in their revisions. Using firms listed on InformationWeek 500 as our high IT capability group, we empirically demonstrate that firms with high IT capability are able to increase management forecast accuracy, and that analysts incorporate more information from management forecasts in their revisions if the firm has high IT capability.

SEC FRR No. 48 and analyst forecast accuracy

2016 ◽  
Vol 24 (6) ◽  
pp. 427-432
Author(s):  
Bing-Xuan Lin ◽  
Chen-Miao Lin
Keyword(s):  
Forecast Accuracy ◽  
Analyst Forecast

Do risk disclosures in annual reports improve analyst forecast accuracy?

2017 ◽  
Vol 5 (4) ◽  
pp. 527-546 ◽  
Author(s):  
Xiongyuan Wang ◽  
Yanqiong Li ◽  
Min Xiao
Keyword(s):  
Forecast Accuracy ◽  
Annual Reports ◽  
Analyst Forecast ◽  
Risk Disclosures

Analyst Forecast Accuracy and Earnings Management

2018 ◽  
Vol 10 ◽  
pp. 97-108 ◽  
Author(s):  
Zaini Embong ◽  
Leila Hosseini
Keyword(s):  
Earnings Management ◽  
Forecast Accuracy ◽  
Analyst Forecast

scholarly journals Corporate Social Responsibility Report Narratives and Analyst Forecast Accuracy

2017 ◽  
Vol 154 (4) ◽  
pp. 1119-1142 ◽  
Author(s):  
Volkan Muslu ◽  
Sunay Mutlu ◽  
Suresh Radhakrishnan ◽  
Albert Tsang
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Forecast Accuracy ◽  
Analyst Forecast ◽  
Corporate Social Responsibility Report ◽  
Corporate Social

When did analyst forecast accuracy benefit from increased cross-border comparability following IFRS adoption in the EU?

2015 ◽  
Vol 42 ◽  
pp. 278-291 ◽  
Author(s):  
Jirada Petaibanlue ◽  
Martin Walker ◽  
Edward Lee
Keyword(s):  
Forecast Accuracy ◽  
Analyst Forecast ◽  
Ifrs Adoption ◽  
Cross Border ◽  
The Eu

Human behavior analysis under financial information science

2018 ◽  
Vol 36 (4) ◽  
pp. 685-704
Author(s):  
Feng Jui Hsu ◽  
Yu-Cheng Chen
Keyword(s):  
Earnings Management ◽  
Information Science ◽  
Forecast Error ◽  
Forecast Accuracy ◽  
Financial Information ◽  
Real Earnings Management ◽  
Analyst Forecast ◽  
Management Behavior ◽  
Content Type ◽  
Financial Characteristics

PurposeThe purpose of this paper is to investigate the relationships among corporate social responsibility (CSR), analyst forecast accuracy and firms’ earnings management behavior using US-based firms.Design/methodology/approachThe authors use the Kinder, Lydenberg, Domini (KLD) database to construct CSR performance scores and divide all firms into ten groups from high to low as a proxy for CSR performance. The authors obtained an initial sample of 33,364 firm-year observations from 1991 to 2012. Filtering for records which exist in the KLD, Compustat, and Center for Research in Security Prices databases lefts a total of 16,807 firm-year observations and CSR evaluation reports for 5,896 firms.FindingsThe authors find that high CSR-score firms have lower rates of analyst forecast error than their low CSR-score counterparts, suggesting that CSR performance is a useful means of forecasting earnings. Furthermore, firms with better CSR performance have significantly lower accrual-based earnings management behavior. However, the level of the manipulation behavior of real earnings management (REM) activities increased significantly in better CSR firms, suggesting that high CSR-score firms substituted REM methods for accrual-based methods. REM methods are consistent with the stipulations of the Sarbanes-Oxley Act and allow high CSR-score firms to better manipulate earnings behavior. These results hold after the authors control for various factors related to firm financial characteristics.Originality/valueOverall, the findings have important implications for investors and regulators to more easily assess firms’ earnings manipulation behavior and earnings stability under CSR performance and financial information in financial markets.

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