forecast levels. A country's proximity to the US, importance to the firm, and visibility, as well as availability of more … precise information about foreign country exposures, contribute to consensus forecast efficiency. We identify a dimension of … — and show that it contributes to forecast efficiency, accuracy, and informativeness and that it helps the analyst achieve …

We consider forecast guidance as a mechanism that managers use to avoid negative earnings surprises. Modeling forecast … forecast guidance to avoid negative earnings surprises than managers in weak-investor-protection countries. We also show that … US managers are more prone to use forecast guidance to avoid negative earnings surprises than managers in other countries …

This study examines whether the improvement in analyst forecast accuracy around mandatory IFRS adoption is associated … in financial statement-based forecast accuracy around mandatory IFRS adoption and significant improvement in analyst … forecast accuracy only in countries that made concurrent improvements to financial reporting enforcement. We show that the …

I/B/E/S is a common source of analyst earnings forecast data, and the reliability of these data is important for … the effects of analyst experience and brokerage size on earnings forecast accuracy change by over 30 percent when we use … provide guidance to researchers using I/B/E/S for analyst earnings forecast data …