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Managerial learning from analyst feedback to voluntary capex guidance, investment efficiency, and firm performance

Bae, Jihun; Biddle, Gary C.; Park, Chul W. - In: Management science : journal of the Institute for … 68 (2022) 1, pp. 583-607

Persistent link: https://www.econbiz.de/10012821226

Analysts’ Earnings Forecasts and Technological Conditions in the Firm's Investment Environment

Lambert, David - 2015

forecast errors, and measures of technological conditions in the firm's industry investment environment. Our contention is …

Persistent link: https://www.econbiz.de/10013029731

Valuation of Partially-Controlled Investments

Deng, Zhen; Sinha, Nishi - 2008

This paper contrasts the valuation of accounting numbers related to two classes of assets - the internally managed, fully-controlled assets versus the "significant influence" investments, that is, investments where the investing firm exercises influence, but not control, over the assets. We find...

Persistent link: https://www.econbiz.de/10014027787

The influence of buy-side analysts on mutual fund trading

Frey, Stefan; Herbst, Patrick - 2010

We present evidence of the impact of buy-side analysts on the behavior and performance of fund managers. Using data …. Our results show that buy-side analysts have a significant influence on trading decisions: Fund managers almost certainly … recommendations ; mutual funds ; investment decisions ;investment performance …

Persistent link: https://www.econbiz.de/10008666522

Internal versus external earnings per share goals and CEO incentives

Armstrong, Christopher; Chau, Jacky; Ittner, Christopher D. - 2017

We examine differences in CEO achievement of EPS goals set separately through analyst forecasts and firm bonus plans. Having different goals for the same performance metric enables us to assess their relative importance in incentivizing CEOs. We find CEOs frequently achieve analyst forecasts,...

Persistent link: https://www.econbiz.de/10011800636

Do Analysts and Investors Efficiently Respond to Managerial Linguistic Complexity on Conference Calls?

Bushee, Brian J. - 2019

linguistic complexity (e.g. Fog) on conference calls into their forecasts and trading decisions. We predict that managers use …

Persistent link: https://www.econbiz.de/10012868363

Analysts’ Forecasts During Forced CEO Changes

Wright, Sue - 2011

Purpose: The purpose of this paper is to examine analysts' earnings forecasts during a period of heightened uncertainty and forecasting complexity, that of a forced change of CEO. How well do analysts utilise their information advantage to reduce information uncertainty between management and...

Persistent link: https://www.econbiz.de/10013132268

Do Managers Always Know Better? Relative Accuracy of Management and Analyst Forecasts

Hutton, Amy P. - 2012

commonly viewed as industry specialists, we fail to find evidence that analysts have an information advantage over managers at …

Persistent link: https://www.econbiz.de/10013107227

Relative Influence of the Managerial Power Dimension of Corporate Governance on Analysts’ Earnings Forecast Accuracy in Large and Small Firms

Asare, Kwadwo N. - 2014

This study examines the influence of managerial power on analysts' earnings forecast accuracy. CEO/Chairperson duality and voting power of management on the board are used as proxies for managerial power. After controlling for key variables that have been shown to affect analysts' forecast...

Persistent link: https://www.econbiz.de/10013061532

Analysts’ and Managers’ Use of Humor on Public Earnings Conference Calls

Call, Andrew C. - 2020

the use of humor in the context of corporate communications. We examine analysts' and managers' use of humor during public … longer responses from managers, and that analysts tend to use humor when the tone of their question is unusually negative …. When managers use humor, analysts' stock recommendation revisions following the call are more positive, and the tone of the …

Persistent link: https://www.econbiz.de/10012848491