Do Analysts' Earnings Forecasts Fully Reflect the Information in Accruals?

Autor:	Anwer S. Ahmed, Jian Zhou, S. M. Khalid Nainar
Rok vydání:	2009
Předmět:	Marketing Public Administration Earnings Accrual Management of Technology and Innovation Welfare economics Economics Business and International Management Inefficiency Complement (set theory)
Zdroj:	Canadian Journal of Administrative Sciences / Revue Canadienne des Sciences de l'Administration. 22:329-342
ISSN:	0825-0383
DOI:	10.1111/j.1936-4490.2005.tb00378.x
Popis:	This study investigates whether analysts correctly distinguish between discretionary and nondiscretionary accruals in forecasting earnings, and finds that they do not distinguish between the two types of accruals. The findings of this study complement and extend the findings of recent studies on analyst forecast inefficiency with respect to the information in accruals using alternative research designs. Resume Dans la presente etude, nous nous demandons si, dans leurs previsions des gains, les analystes font bien la distinction entre les accumulations discretionnaires et les accumulations non-discretionnaires. Notre etude revele que les analystes ne distinguent guere entre ces deux modes d'accumulations. Les resultats de notre etude se situent dans le prolongement des conclusions des etudes anterieures sur l'inefficacite des previsions des analystes par rapport a l'information dans les accumulations en utilisant les plans d'experience differents.
Databáze:	OpenAIRE
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