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How Does Banking Market Power Affect Bank Opacity? Evidence From Analysts’ Forecasts

Fosu, Samuel - 2020

in less competitive banking markets have lower analysts' forecast errors and dispersions and may thus be less opaque …

Persistent link: https://www.econbiz.de/10012841979

Information in the Tails of the Distribution of Analysts’ Quarterly Earnings Forecasts

Shane, Philip B. - 2016

forecast when actual earnings exceed the consensus and the most pessimistic forecast when the consensus exceeds actual earnings …

Persistent link: https://www.econbiz.de/10012992160

An Empirical Study of Financial Analysts Earnings Forecast Accuracy

Stotz, Andrew - 2017

forecasts by 25.3%. This study may be the first of its kind to assess analyst earnings forecast accuracy at all listed companies …

Persistent link: https://www.econbiz.de/10012959862

Return predictability and valuation ratios : sector-level evidence on the Johannesburg Stock Exchange

Chipunza, Kudakwashe Joshua; Muguto, Hilary Tinotenda; … - In: Cogent economics & finance 8 (2020) 1, pp. 1-27

The efficient market hypothesis describes an efficient market as one in which investors cannot consistently predict stock returns because prices instantly reflect all the information flowing into the market. However, return predictability has been documented in many markets. This study tests the...

Persistent link: https://www.econbiz.de/10013179575

The Role of 'Other Information' in Analysts’ Forecasts in Understanding Stock Return Volatility

Shan, Yaowen - 2013

This study proposes and validates “other information” in analysts' forecasts as a legitimate proxy for future cash flows, and examines its incremental role in explaining stock return volatility. We suggest that “other information” contains information about fundamentals beyond that...

Persistent link: https://www.econbiz.de/10013075116

Shorting Activity and Stock Return Predictability : Evidence From a Mandatory Disclosure Shock

Griffin, Paul A.; Hong, Hyun A.; Kalcheva, Ivalina; … - 2021

We study the effect of a mandatory improvement in public disclosure due to the adoption of International Financial Reporting Standards (IFRS) on the stock return predictability of shorting activity. To assess the impact of the disclosure shock, we measure monthly changes in the demand for and...

Persistent link: https://www.econbiz.de/10013224726

The effects of operating cash flow disclosure on earnings comparability, analysts' forecasts, and firms’ investment decisions during the Pre-IFRS era

Caban-Garcia, Maria T.; Choi, Heeick; Kim, Myung-sun - In: The British accounting review : the journal of the … 52 (2020) 4, pp. 1-20

Persistent link: https://www.econbiz.de/10012286077

Information or noise? : examining the effect of discretionary disclosure of accounting estimates on financial analyst forecasts

Boone, Jeffery P.; Sun, Xueyun; Yin, Jennifer - 2024

Persistent link: https://www.econbiz.de/10015397410

Climate Change Exposure and Stock Return Predictability

Xu, Jiangmin; Sun, Cheng; You, Yihui - 2021

This paper finds evidence that stock returns vary with the physical climate change exposure of firms in a predictable manner. We construct measures of exposures to physical climate changes at the firm level, and find that firms with high climate change exposures experience lower future...

Persistent link: https://www.econbiz.de/10013248340

Management Earnings Forecasts during Price Pressure : Evidence from Mutual Fund Trades

Kadach, Igor - 2017

Does a company's stock mispricing influence its decision to issue an earnings forecast? Does executive compensation … affect the nature of the forecast? How does the market react to these forecasts? I address these questions using cross … forecast incentives, the company's resulting disclosure policy, and the market reaction to it …

Persistent link: https://www.econbiz.de/10012968996