Determinants of Earnings Forecast Error, Earnings Forecast Revision and Earnings Forecast Accuracy

1. Auflage 2012
ISBN: 978-3-8349-3936-4
Verlag: Gabler Verlag

Buch, Englisch, 125 Seiten, Format (B × H): 148 mm x 210 mm, Gewicht: 207 g

Reihe: Quantitatives Controlling

Earnings forecasts are ubiquitous in today’s financial markets. They are essential indicators of future firm performance and a starting point for firm valuation. Extremely inaccurate and overoptimistic forecasts during the most recent financial crisis have raised serious doubts regarding the reliability of such forecasts. This thesis therefore investigates new determinants of forecast errors and accuracy. In addition, new determinants of forecast revisions are examined. Sebastian Gell gives answer to the following questions: How do analyst incentives lead to forecast errors? How do changes in analyst incentives lead to forecast revisions?  And what factors drive differences in forecast accuracy?

Zielgruppe

Research

Autoren/Hrsg.

Gell, Sebastian

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Betriebliches Rechnungswesen
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Controlling, Wirtschaftsprüfung, Revision

Inhaltsverzeichnis

Financial analysts.- Earnings forecast error.- Earnings forecast accuracy.- Earnings forecast revision.- Conservatism.- Forecast effort.

Über Autor(innen)

Dr. Sebastian Gell received his doctoral degree from the University of Cologne under the supervision of Prof. Dr. Carsten Homburg (Department of Business Administration and Management Accounting).