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The Impact of Segment Definition on the Accuracy of Analysts' Earnings Forecasts
16 references·1 citing·46 second hop
The Impact of Segment Definition on the Accuracy of Analysts' Earnings Forecasts (1997)The Impact of Segment Definition on the A…Collection of Information about Publicly Traded Firms: Theory and Evidence (2011)Collection of Information abo…ACCOUNTING AND BUSINESS RESEARCH (2001)ACCOUNTING AND BUSINESS RESEA…Firm characteristics and analyst following (1989)Firm characteristics and anal…Collection of information about publicly traded firms (1989)Collection of information abo…Analysts' forecasts as earnings expectations (1988)Analysts' forecasts as earnin…The association between accounting earnings and security returns for large and small firms (1987)The association between accou…Firm size and the information content of prices with respect to earnings (1987)Firm size and the information…An Information Interpretation of Financial Analyst Superiority in Forecasting Earnings (1987)An Information Interpretation…An evaluation of alternative proxies for the market's assessment of unexpected earnings (1987)An evaluation of alternative …The Use of Annual Reports by UK Investment Analysts (1986)The Use of Annual Reports by …The Information Content of Annual Earnings Releases: A Trading Volume Approach (1986)The Information Content of An…Predisclosure Information, Firm Capitalization, and Security Price Behavior Around Earnings Announcements (1985)Predisclosure Information, Fi…A Survey of the Methods Used by UK Investment Analysts to Appraise Investments in Ordinary Shares (1984)A Survey of the Methods Used …Financial analysts' forecasts of earnings (1982)Financial analysts' forecasts…A Multivariate Analysis of Annual Earnings Forecasts Generated from Quarterly Forecasts of Financial Analysts and Univariate Time-Series Models (1980)A Multivariate Analysis of An…Predicting Earnings: Entity versus Subentity Data (1971)Predicting Earnings: Entity v…COMPLIANCE WITH IFRS REQUIRED DISCLOSURE AND ANALYSTS’ FORECAST ERRORS: EVIDENCE FROM BRAZIL (2018)COMPLIANCE WITH IFRS REQUIRED…An Empirical Evaluation of Accounting Income Numbers (1968)Risk and return: The case of merging firms (1974)Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test (1976)TESTING A CAUSAL MODEL OF CORPORATE RISK TAKING AND PERFORMANCE. (1991)Capital markets research in accounting (2001)The impact of corporate social responsibility on investment recommendations: Analysts' perceptions and shifting institutional logics (2014)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (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)Differential information and the small firm effect (1984)Earnings news and small traders (1992)Dividend Policy under Asymmetric Information (1985)Positive Accounting Theory (1985)Security analyst superiority relative to univariate time-series models in forecasting quarterly earnings (1987)Information in prices about future earnings (1992)Information Uncertainty and Analyst Forecast Behavior* (2006)Financial statement analysis (2007)The Combination of Forecasts (1969)Norm theory: Comparing reality to its alternatives. (1986)Herd Behavior and Investment (1988)Forecasting Economic Time Series (2000)A Theory of Cognitive Dissonance (1957)Time Series Analysis Forecasting and Control. (1971)Judgment under Uncertainty: Heuristics and Biases (1974)Trading volume reactions to annual accounting earnings announcements (1994)Trading Volume Around Earnings Announcements and Other Financial Reports: Theory, Research Design, Empirical Evidence, and Directions for Future Research* (2011)Why Do Individual Investors Disregard Accounting Information? The Roles of Information Awareness and Acquisition Costs (2017)Specification Tests in Econometrics (1978)The Categorical Imperative: Securities Analysts and the Illegitimacy Discount (1999)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)On the Impossibility of Informationally Efficient Markets (1980)The relationship between return and market value of common stocks (1981)Institutional Ownership and the Extent to which Stock Prices Reflect Future Earnings (2002)Information Markets and the Comovement of Asset Prices (2006)The theory and practice of econometrics (1986)A Note on the Association between Audit Firm Size and Audit Quality* (1993)Analyst Following and Market Liquidity* (2003)ESG Controversies, ESG Disclosure and Analyst Forecast Accuracy (2022)Financial Reporting: An Accounting Revolution. (1982)The role of dividends in valuation models used by analysts and fund managers (1999)The Use of Valuation Models by UK Investment Analysts (2008)A Survey of the Factors Influencing Investment Decisions: The Case of Individual Investors at the NSE (2014)Earnings Innovations, Earnings Persistence, and Stock Returns (1987)Reputation and Performance Among Security Analysts (1992)The Geography of Equity Analysis (2005)
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References

  • 1989Firm characteristics and analyst following1,535 cited
  • 1985Predisclosure Information, Firm Capitalization, and Security Price Behavior Around Earnings Announcements1,005 cited
  • 1988Analysts' forecasts as earnings expectations985 cited
  • 1982Financial analysts' forecasts of earnings577 cited
  • 1987The association between accounting earnings and security returns for large and small firms528 cited
  • 1987Firm size and the information content of prices with respect to earnings453 cited
  • 1987An evaluation of alternative proxies for the market's assessment of unexpected earnings401 cited
  • 1986The Information Content of Annual Earnings Releases: A Trading Volume Approach346 cited
  • 1987An Information Interpretation of Financial Analyst Superiority in Forecasting Earnings317 cited
  • 1984A Survey of the Methods Used by UK Investment Analysts to Appraise Investments in Ordinary Shares220 cited
  • 1980A Multivariate Analysis of Annual Earnings Forecasts Generated from Quarterly Forecasts of Financial Analysts and Univariate Time-Series Models150 cited
  • 2011Collection of Information about Publicly Traded Firms: Theory and Evidence148 cited
  • 2001ACCOUNTING AND BUSINESS RESEARCH134 cited
  • 1971Predicting Earnings: Entity versus Subentity Data127 cited

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  • 1989Collection of information about publicly traded firms123 cited
  • 1986The Use of Annual Reports by UK Investment Analysts119 cited
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    • 2018COMPLIANCE WITH IFRS REQUIRED DISCLOSURE AND ANALYSTS’ FORECAST ERRORS: EVIDENCE FROM BRAZIL24 cited