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Auditor Conservatism and Analysts' Fourth Quarter Earnings Forecasts
16 references·0 citing·37 second hop
Auditor Conservatism and Analysts' Fourth Quarter Earnings Forecasts (2005)Auditor Conservatism and Analysts' Fourth…The effects of bonus schemes on accounting decisions (2011)The effects of bonus schemes …Expectations Management and Beatable Targets: How Do Analysts React to Explicit Earnings Guidance?* (2006)Expectations Management and B…A Temporal Analysis of Quarterly Earnings Thresholds: Propensities and Valuation Consequences (2005)A Temporal Analysis of Quarte…The rewards to meeting or beating earnings expectations (2002)The rewards to meeting or bea…A Temporal Analysis of Earnings Surprises: Profits versus Losses (2001)A Temporal Analysis of Earnin…The Relevance of the Value Relevance Literature for Financial Accounting Standard Setting (2000)The Relevance of the Value Re…Earnings Management to Exceed Thresholds (1999)Earnings Management to Exceed…Earnings predictability and bias in analysts' earnings forecasts. (1998)Earnings predictability and b…Self-Selection and Analyst Coverage (1997)Self-Selection and Analyst Co…Repeated Accounting Write-Offs and the Information Content of Earnings (1996)Repeated Accounting Write-Off…The information content of losses (1995)The information content of lo…Why Firms Voluntarily Disclose Bad News (1994)Why Firms Voluntarily Disclos…Analysts' Decisions As Products of a Multi-Task Environment (1993)Analysts' Decisions As Produc…Firm characteristics and analyst following (1989)Firm characteristics and anal…Timeliness of Reporting and the Stock Price Reaction to Earnings Announcements (1984)Timeliness of Reporting and t…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…An Empirical Evaluation of Accounting Income Numbers (1968)Prospect theory: An analysis of decision under risk (1988)Earnings management to avoid earnings decreases and losses (1997)Earnings management and investor protection: an international comparison (2003)Earnings Management through Real Activities Manipulation (2003)The economic implications of corporate financial reporting (2005)Specification Tests in Econometrics (1978)Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies (2000)Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting (2010)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Towards a Positive Theory of the Determination of Accounting Standards. (1978)Agency Problems and the Theory of the Firm (1980)The Provision of Incentives in Firms (1999)Contracting theory and accounting (2001)Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test (1976)Disclosure of Nonproprietary Information (1985)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Earnings Management During Import Relief Investigations (1991)Detecting Earnings Management. (1995)Real and Accrual-Based Earnings Management in the Pre- and Post-Sarbanes-Oxley Periods (2008)Individual differences in reasoning: Implications for the rationality debate? (2000)Representativeness Revisited: Attribute Substitution in Intuitive Judgment (2002)Heuristics and Biases: The Psychology of Intuitive Judgment (2004)Management Earnings Forecasts: A Review and Framework (2008)The financial analyst forecasting literature: A taxonomy with suggestions for further research (2008)Internal Audit Quality and Earnings Management (2009)The Categorical Imperative: Securities Analysts and the Illegitimacy Discount (1999)Capital markets research in accounting (2001)Differences of Opinion and the Cross Section of Stock Returns (2002)The conservatism principle and the asymmetric timeliness of earnings1 (1997)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)
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References

  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1999Earnings Management to Exceed Thresholds2,764 cited
  • 2011The effects of bonus schemes on accounting decisions2,579 cited
  • 1994Why Firms Voluntarily Disclose Bad News2,435 cited
  • 1995The information content of losses2,315 cited
  • 2002The rewards to meeting or beating earnings expectations1,706 cited
  • 1989Firm characteristics and analyst following1,535 cited
  • 1997Self-Selection and Analyst Coverage968 cited
  • 1993Analysts' Decisions As Products of a Multi-Task Environment721 cited
  • 2005A Temporal Analysis of Quarterly Earnings Thresholds: Propensities and Valuation Consequences698 cited
  • 1984Timeliness of Reporting and the Stock Price Reaction to Earnings Announcements698 cited
  • 2001A Temporal Analysis of Earnings Surprises: Profits versus Losses649 cited
  • 1998Earnings predictability and bias in analysts' earnings forecasts.578 cited
  • 2000The Relevance of the Value Relevance Literature for Financial Accounting Standard Setting533 cited
  • 2006Expectations Management and Beatable Targets: How Do Analysts React to Explicit Earnings Guidance?*508 cited

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  • 1996Repeated Accounting Write-Offs and the Information Content of Earnings474 cited
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