Determinants of earnings forecast error, earnings forecast revision and earnings forecast accuracy:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Abschlussarbeit Buch |
| Sprache: | English |
| Veröffentlicht: |
Wiesbaden
Springer Gabler
2012
|
| Schriftenreihe: | Quantitatives Controlling
Research |
| Schlagworte: | |
| Online-Zugang: | Inhaltstext Inhaltsverzeichnis |
| Beschreibung: | XXIV, 125 S. graph. Darst. 21 cm |
| ISBN: | 9783834939364 |
Internformat
MARC
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| 245 | 1 | 0 | |a Determinants of earnings forecast error, earnings forecast revision and earnings forecast accuracy |c Sebastian Gell |
| 264 | 1 | |a Wiesbaden |b Springer Gabler |c 2012 | |
| 300 | |a XXIV, 125 S. |b graph. Darst. |c 21 cm | ||
| 336 | |b txt |2 rdacontent | ||
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| 650 | 0 | 7 | |a Änderung |0 (DE-588)4128256-5 |2 gnd |9 rswk-swf |
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Datensatz im Suchindex
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IMAGE 1
TABLE OF CONTENT
LIST O F ABBREVIATIONS XIII
LIST O F SYMBOLS X V
LIST O F FIGURES X X I
LIST O F TABLES XXIII
1 INTRODUCTION 1
1.1 MOTIVATION 1
1.2 RESEARCH OBJECTIVES AND STRUCTURE O F THESIS 3
2 DETERMINANTS O F EARNINGS FORECAST ERRORS 9
2.1 THE FORECAST ENVIRONMENT 9
2.1.1 FINANCIAL ANALYSTS AND USERS O F RESEARCH REPORTS 9
2.2 EMPIRICAL EVIDENCE ON DETERMINANTS O F FORECAST ERRORS 13
2.2.1 FORECAST BIAS EXPLANATIONS 13
2.2.2 DETERMINANTS O F THE INITIAL FORECAST ERROR 15
2.2.3 DETERMINANTS O F THE FINAL FORECAST ERROR 18
3 USING FORECAST ERRORS TO EXPLAIN REVISIONS 21
3.1 INTRODUCTION 21
3.2 RELATION TO PRIOR RESEARCH 2 3
3.3 RESEARCH DESIGN AND DATA 25
3.3.1 THE RELATION BETWEEN FORECAST ERROR AND REVISION 25
3.3.2 REGRESSION MODEL AND HYPOTHESES DEVELOPMENT 26
3.3.3 SAMPLE SELECTION 3 6
3.3.4 DESCRIPTIVE STATISTICS 39
3.4 EMPIRICAL RESULTS 4 3
3.4.1 TEST O F HYPOTHESIS 3.1 4 3
3.4.2 TEST O F HYPOTHESIS 3.2A AND HYPOTHESIS 3.2B 4 5
3.5 MARKET REACTION TO FORECAST REVISIONS 4 6
3.5.1 RESEARCH DESIGN 4 6
3.5.2 RESULTS 4 7
3.6 PREDICTING REVISIONS AND PRICE CHANGES 4 9
3.6.1 RESEARCH DESIGN 4 9
3.6.2 RESULTS 50
3.7 CONSERVATISM IN ANALYST FORECAST REVISIONS 52
XI
HTTP://D-NB.INFO/1019303190
IMAGE 2
3.7.1 INTRODUCTION 52
3.7.2 CONSERVATISM IN EARNINGS 52
3.7.3 HYPOTHESES DEVELOPMENT 62
3.7.4 RESEARCH DESIGN 64
3.7.5 RESULTS 65
3.8 CONCLUSION 70
4 IMPACT O F FORECAST EFFORT AND INVESTMENT ADVICE ON ACCURACY 71
4.1 INTRODUCTION 71
4.2 * RELATION TO PRIOR RESEARCH AND HYPOTHESES DEVELOPMENT 75
4.2.1 RESEARCH O N THE DETERMINANTS O F ACCURACY 76
4.2.2 RESEARCH O N THE RELATION BETWEEN EARNINGS FORECASTS AND
INVESTMENT ADVICE . 80
4.3 RESEARCH DESIGN AND DATA SAMPLE 83
4.3.1 MEASUREMENT O F GENERAL FORECAST EFFORT AND PROVISION O F
INVESTMENT ADVICE . 83
4.3.2 MEASUREMENT O F FORECAST ACCURACY 84
4.3.3 MEASUREMENT O F FORECAST TIMELINESS 86
4.3.4 MEASUREMENT O F FORECAST BOLDNESS 87
4.3.5 SAMPLE SELECTION 88
4.4 RESULTS 9 0
4.4.1 UNIVARIATE ANALYSES 90
4.4.2 MULTIVARIATE ANALYSES 93
4.4.3 DIFFERENTIATION FROM THE FIRM-SPECIFIC EFFORT AND FORECAST AGE 95
4.4.4 CONTROLLING FOR THE INVESTMENT BANKING EFFECT 103
4.4.5 ANALYSES O N CONSENSUS LEVEL 103
4.4.6 CONTROLLING FOR THE TAIL ASYMMETRY IN FORECAST ERROR DISTRIBUTION
105
4.4.7 CONCLUSION 106
5 CONCLUDING REMARKS 109
5.1 SUMMARY O F FINDINGS 109
5.2 SUGGESTIONS FOR FUTURE RESEARCH 110
6 APPENDIX 113
A1: DERIVATION O F THE FORECAST REVISION MODEL FROM EQUATION 3.4 113
REFERENCES 115
X I I |
| any_adam_object | 1 |
| author | Gell, Sebastian |
| author_GND | (DE-588)1022161504 |
| author_facet | Gell, Sebastian |
| author_role | aut |
| author_sort | Gell, Sebastian |
| author_variant | s g sg |
| building | Verbundindex |
| bvnumber | BV040423238 |
| classification_rvk | QP 730 |
| ctrlnum | (OCoLC)795586661 (DE-599)DNB1019303190 |
| dewey-full | 658.40355 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
| dewey-raw | 658.40355 |
| dewey-search | 658.40355 |
| dewey-sort | 3658.40355 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| format | Thesis Book |
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| indexdate | 2024-09-06T00:24:16Z |
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| isbn | 9783834939364 |
| language | English |
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| series2 | Quantitatives Controlling Research |
| spelling | Gell, Sebastian Verfasser (DE-588)1022161504 aut Determinants of earnings forecast error, earnings forecast revision and earnings forecast accuracy Sebastian Gell Wiesbaden Springer Gabler 2012 XXIV, 125 S. graph. Darst. 21 cm txt rdacontent n rdamedia nc rdacarrier Quantitatives Controlling Research Zugl.: Köln, Univ., Diss., 2011 Fehler (DE-588)4016606-5 gnd rswk-swf Finanzanalyse (DE-588)4133000-6 gnd rswk-swf Unternehmen (DE-588)4061963-1 gnd rswk-swf Genauigkeit (DE-588)4234398-7 gnd rswk-swf Änderung (DE-588)4128256-5 gnd rswk-swf Prognoseverfahren (DE-588)4358095-6 gnd rswk-swf Gewinn (DE-588)4020903-9 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Unternehmen (DE-588)4061963-1 s Finanzanalyse (DE-588)4133000-6 s Gewinn (DE-588)4020903-9 s Prognoseverfahren (DE-588)4358095-6 s Fehler (DE-588)4016606-5 s Änderung (DE-588)4128256-5 s Genauigkeit (DE-588)4234398-7 s b DE-604 Erscheint auch als Online-Ausgabe Determinants of Earnings Forecast Error, Earnings Forecast Revision and Earnings Forecast Accuracy X:MVB text/html http://deposit.dnb.de/cgi-bin/dokserv?id=3968611&prov=M&dok_var=1&dok_ext=htm Inhaltstext DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025275895&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Gell, Sebastian Determinants of earnings forecast error, earnings forecast revision and earnings forecast accuracy Fehler (DE-588)4016606-5 gnd Finanzanalyse (DE-588)4133000-6 gnd Unternehmen (DE-588)4061963-1 gnd Genauigkeit (DE-588)4234398-7 gnd Änderung (DE-588)4128256-5 gnd Prognoseverfahren (DE-588)4358095-6 gnd Gewinn (DE-588)4020903-9 gnd |
| subject_GND | (DE-588)4016606-5 (DE-588)4133000-6 (DE-588)4061963-1 (DE-588)4234398-7 (DE-588)4128256-5 (DE-588)4358095-6 (DE-588)4020903-9 (DE-588)4113937-9 |
| title | Determinants of earnings forecast error, earnings forecast revision and earnings forecast accuracy |
| title_auth | Determinants of earnings forecast error, earnings forecast revision and earnings forecast accuracy |
| title_exact_search | Determinants of earnings forecast error, earnings forecast revision and earnings forecast accuracy |
| title_full | Determinants of earnings forecast error, earnings forecast revision and earnings forecast accuracy Sebastian Gell |
| title_fullStr | Determinants of earnings forecast error, earnings forecast revision and earnings forecast accuracy Sebastian Gell |
| title_full_unstemmed | Determinants of earnings forecast error, earnings forecast revision and earnings forecast accuracy Sebastian Gell |
| title_short | Determinants of earnings forecast error, earnings forecast revision and earnings forecast accuracy |
| title_sort | determinants of earnings forecast error earnings forecast revision and earnings forecast accuracy |
| topic | Fehler (DE-588)4016606-5 gnd Finanzanalyse (DE-588)4133000-6 gnd Unternehmen (DE-588)4061963-1 gnd Genauigkeit (DE-588)4234398-7 gnd Änderung (DE-588)4128256-5 gnd Prognoseverfahren (DE-588)4358095-6 gnd Gewinn (DE-588)4020903-9 gnd |
| topic_facet | Fehler Finanzanalyse Unternehmen Genauigkeit Änderung Prognoseverfahren Gewinn Hochschulschrift |
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