We theorize that accounting systems affect analysts' forecast accuracy through changes in earnings variability. We … forecast errors. We also argue that restricting the choice of accounting methods can result in larger forecast errors. We argue … that more informative disclosure environments should reduce forecast errors. We test whether variation in these factors …

-levels of forecast dispersion following the IR release and 2) a between-firm matching analysis to test whether an IR release is …-IR firms selected as control group. The results show that a single IR (type 3) decreases the post-level of forecast dispersion … of IR firms with a smaller pre-forecast dispersion in comparison with the control group. Moreover, IR completeness and …

component does not forecast future returns, and the hard component does forecast future returns, but in a perverse way …

Using analysts' multi-period earnings forecasts, this paper investigates whether analyst forecast errors are related to … higher information uncertainty, and (3) forecasts with longer forecast horizons (e.g., forecasts issued far before fiscal … year end). Adding forecast errors to a growth-return regression substantially reduces the coefficient on asset growth …

accuracy. In sum, we find that analysts react to information conveyed by all four parameters of a management range forecast and …

This study examines the effects of customer satisfaction on analysts' earnings forecast errors. Based on a sample of … reduces earnings forecast errors. However, analysts respond to changes in customer satisfaction but not to the ACSI metric per … of customer satisfaction on analysts' forecast errors differ across economic sectors. We discuss the implications of our …