This paper provides an adaptive model depicting the interaction between the disclosure of interim earnings and the accuracy of earnings forecasts that are made public by security analysts. Our results indicate that accuracy of annual earnings forecasts is highly correlated with the announcement...

Using two samples (one as an experimental and one as a control), the authors evaluated the joint effect of two factors on the behavior of common stock prices. These factors were (1) the decision to switch the method of costing inventory to LIFO, and (2) the sign of the expected growth in EPS...