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Earnings Skewness and Analyst Forecast Bias
16 references·16 citing·39 second hopsampled
Earnings Skewness and Analyst Forecast Bias (2000)Earnings Skewness and Analyst Forecast Bi…The effects of bonus schemes on accounting decisions (2011)The effects of bonus schemes …Financial statement analysis (2007)Financial statement analysisRationality and Analysts' Forecast Bias (2001)Rationality and Analysts' For…Capital markets research in accounting (2001)Capital markets research in a…The changing time-series properties of earnings, cash flows and accruals: Has financial reporting become more conservative? (2000)The changing time-series prop…Expertise in forecasting performance of security analysts (1999)Expertise in forecasting perf…Analyst forecast accuracy: Do ability, resources, and portfolio complexity matter? (1999)Analyst forecast accuracy: Do…Underwriting relationships, analysts' earnings forecasts and investment recommendations (1998)Underwriting relationships, a…Self-Selection and Analyst Coverage (1997)Self-Selection and Analyst Co…Earnings disclosures and stockholder lawsuits (1997)Earnings disclosures and stoc…Do Security Analysts Improve Their Performance with Experience? (1997)Do Security Analysts Improve …Analysts' Decisions As Products of a Multi-Task Environment (1993)Analysts' Decisions As Produc…Tests of Analysts' Overreaction/Underreaction to Earnings Information as an Explanation for Anomalous Stock Price Behavior (1992)Tests of Analysts' Overreacti…Firm characteristics and analyst following (1989)Firm characteristics and anal…The effect of bonus schemes on accounting decisions (1985)The effect of bonus schemes o…An Empirical Evaluation of Accounting Income Numbers (1968)An Empirical Evaluation of Ac…Career concerns of banking analysts (2017)Career concerns of banking an…Implications of Cost Behavior for Analysts' Earnings Forecasts (2015)Implications of Cost Behavior…Audit Committee Incentives and the Resolution of Detected Misstatements (2015)Audit Committee Incentives an…Managers Segment Financial Reporting Choice: An Analysis Of Firms Segment Reconciliations (2012)Managers Segment Financial Re…Extracting Sustainable Earnings from Profit Margins (2012)Extracting Sustainable Earnin…Do Analysts Matter for Governance? Evidence from Natural Experiments (2012)Do Analysts Matter for Govern…Association Between Accounting Conservatism and Analysts’ Forecast Inefficiency* (2010)Association Between Accountin…What Wall Street Wants – Exploring the Role of Security Analysts in the Evolution and Spread of Management Concepts (2009)What Wall Street Wants – Expl…Time Variation in Analyst Optimism: An Investor Sentiment Explanation (2009)Time Variation in Analyst Opt…Analysts' Cash Flow Forecasts and the Predictive Ability and Pricing of Operating Cash Flows (2009)Analysts' Cash Flow Forecasts…The Variability of IPO Initial Returns (2006)The Variability of IPO Initia…Conservative Accounting and Linear Information Valuation Models* (2006)Conservative Accounting and L…Information Uncertainty and Analyst Forecast Behavior (2005)Information Uncertainty and A…A Review of Research Related to Financial Analysts' Forecasts and Stock Recommendations (2005)A Review of Research Related …Local Analyst Earnings Forecast Advantages in Europe (2004)Local Analyst Earnings Foreca…Discussion of Disclosure Practices, Enforcement of Accounting Standards, and Analysts' Forecast Accuracy: An International Study (2003)Discussion of Disclosure Prac…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)Positive Accounting Theory (1985)Why Firms Voluntarily Disclose Bad News (1994)The conservatism principle and the asymmetric timeliness of earnings1 (1997)The Role of Accruals in Asymmetrically Timely Gain and Loss Recognition (2006)Estimation and empirical properties of a firm-year measure of accounting conservatism (2009)Accounting Conservatism and Stock Price Crash Risk: Firm‐level Evidence (2014)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Using daily stock returns (1985)Efficient Capital Markets: II (1991)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)Signalling by underpricing in the IPO market (1989)Cross-Sectional Determinants of Analyst Ratings of Corporate Disclosures (1993)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)Judgment under Uncertainty: Heuristics and Biases (1974)Common risk factors in the returns on stocks and bonds (1993)Econometrics of Event Studies**We thank Espen Eckbo, Jon Lewellen, Adam Kolasinski, and Jay Ritter for insightful comments, and Irfan Safdar and Alan Wancier for research assistance. (2007)Driven to Distraction: Extraneous Events and Underreaction to Earnings News (2009)Investor Inattention and Friday Earnings Announcements (2009)The Influence of Analysts, Institutional Investors, and Insiders on the Incorporation of Market, Industry, and Firm-Specific Information into Stock Prices (2004)Inside the 'Black Box' of Sell-Side Financial Analysts (2013)A Study of the Environmental Disclosure Practices of Australian Corporations (1996)The public disclosure of environmental performance information—a dual test of media agenda setting theory and legitimacy theory (1998)Are Selling, General, and Administrative Costs “Sticky”? (2003)Conflict of Interest and the Credibility of Underwriter Analyst Recommendations (1999)Corporate Governance and Firm Value: The Impact of Corporate Social Responsibility (2011)A Review of the Earnings Management Literature and Its Implications for Standard Setting (1999)Earnings Management through Real Activities Manipulation (2003)The economic implications of corporate financial reporting (2005)
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References

  • 1968An Empirical Evaluation of Accounting Income Numbers6,384 cited
  • 1985The effect of bonus schemes on accounting decisions3,311 cited
  • 2011The effects of bonus schemes on accounting decisions2,579 cited
  • 2001Capital markets research in accounting2,575 cited
  • 1989Firm characteristics and analyst following1,535 cited
  • 1999Analyst forecast accuracy: Do ability, resources, and portfolio complexity matter?1,428 cited
  • 2000The changing time-series properties of earnings, cash flows and accruals: Has financial reporting become more conservative?1,374 cited
  • 1998Underwriting relationships, analysts' earnings forecasts and investment recommendations1,248 cited
  • 2007Financial statement analysis1,022 cited
  • 2001Rationality and Analysts' Forecast Bias1,012 cited
  • 1992Tests of Analysts' Overreaction/Underreaction to Earnings Information as an Explanation for Anomalous Stock Price Behavior1,003 cited
  • 1997Self-Selection and Analyst Coverage968 cited
  • 1997Earnings disclosures and stockholder lawsuits927 cited
  • 1997Do Security Analysts Improve Their Performance with Experience?737 cited
  • 1999Expertise in forecasting performance of security analysts

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726 cited
  • 1993Analysts' Decisions As Products of a Multi-Task Environment721 cited
  • Cited by

    • 2015Implications of Cost Behavior for Analysts' Earnings Forecasts76 cited
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    • 2009What Wall Street Wants – Exploring the Role of Security Analysts in the Evolution and Spread of Management Concepts60 cited
    • 2009Time Variation in Analyst Optimism: An Investor Sentiment Explanation52 cited
    • 2017Career concerns of banking analysts49 cited
    • 2003Discussion of Disclosure Practices, Enforcement of Accounting Standards, and Analysts' Forecast Accuracy: An International Study45 cited
    • 2005Information Uncertainty and Analyst Forecast Behavior45 cited
    • 2005A Review of Research Related to Financial Analysts' Forecasts and Stock Recommendations43 cited
    • 2006The Variability of IPO Initial Returns43 cited
    • 2009Analysts' Cash Flow Forecasts and the Predictive Ability and Pricing of Operating Cash Flows42 cited
    • 2015Audit Committee Incentives and the Resolution of Detected Misstatements40 cited
    • 2004Local Analyst Earnings Forecast Advantages in Europe33 cited
    • 2010Association Between Accounting Conservatism and Analysts’ Forecast Inefficiency*30 cited
    • 2012Do Analysts Matter for Governance? Evidence from Natural Experiments30 cited
    • 2012Managers Segment Financial Reporting Choice: An Analysis Of Firms Segment Reconciliations28 cited
    • 2012Extracting Sustainable Earnings from Profit Margins24 cited