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The Interactive Role of Difficulty and Incentives in Explaining the Annual Earnings Forecast Walkdown
16 references·16 citing·42 second hopsampled
The Interactive Role of Difficulty and Incentives in Explaining the Annual Earnings Forecast Walkdown (2016)The Interactive Role of Difficulty and In…Investor Sentiment and the Cross‐Section of Stock Returns (2006)Investor Sentiment and the Cr…Another look at measures of forecast accuracy (2006)Another look at measures of f…Costs of Equity and Earnings Attributes (2004)Costs of Equity and Earnings …Are Selling, General, and Administrative Costs “Sticky”? (2003)Are Selling, General, and Adm…Analyzing the Analysts: Career Concerns and Biased Earnings Forecasts (2003)Analyzing the Analysts: Caree…The rewards to meeting or beating earnings expectations (2002)The rewards to meeting or bea…Management's Incentives to Avoid Negative Earnings Surprises (2002)Management's Incentives to Av…Conflict of Interest and the Credibility of Underwriter Analyst Recommendations (1999)Conflict of Interest and the …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…Industry costs of equity (1997)Industry costs of equityCorporate Disclosure Policy and Analyst Behavior. (1996)Corporate Disclosure Policy a…The Sharpe Ratio (1994)The Sharpe RatioCross-Sectional Determinants of Analyst Ratings of Corporate Disclosures (1993)Cross-Sectional Determinants …The case for motivated reasoning. (1990)The case for motivated reason…A Random Walk Down Wall Street (1973)A Random Walk Down Wall StreetNational culture and analysts’ forecasting (2023)National culture and analysts…Disagreement about fundamentals: measurement and consequences (2021)Disagreement about fundamenta…Macroeconomic Uncertainty and Quantitative versus Qualitative Inputs to Analyst Risk Forecasts (2020)Macroeconomic Uncertainty and…Measuring News in Management Range Forecasts (2019)Measuring News in Management …Key performance indicators as supplements to earnings: Incremental informativeness, demand factors, measurement issues, and properties of their forecasts (2019)Key performance indicators as…Facial Structure and Achievement Drive: Evidence from Financial Analysts (2019)Facial Structure and Achievem…Expectations Management and Stock Returns (2019)Expectations Management and S…The Revolving Door of Sell-Side Analysts (2018)The Revolving Door of Sell-Si…Strategic distortions in analyst forecasts in the presence of short-term institutional investors (2018)Strategic distortions in anal…Seemingly Inconsistent Analyst Revisions (2017)Seemingly Inconsistent Analys…Opportunity Knocks But Once: Delayed Disclosure of Financial Items in Earnings Announcements and Neglect of Earnings News (2017)Opportunity Knocks But Once: …Management Bias Across Multiple Accounting Estimates (2017)Management Bias Across Multip…International Diversification, SFAS 131 and Post‐Earnings‐Announcement Drift (2017)International Diversification…Do Investors Fully Unravel Persistent Pessimism in Analysts' Earnings Forecasts? (2017)Do Investors Fully Unravel Pe…Career concerns of banking analysts (2017)Career concerns of banking an…Do Opinions on Financial Misstatement Firms Affect Analysts’ Reputation with Investors? Evidence from Reputational Spillovers (2016)Do Opinions on Financial Miss…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Multifactor Explanations of Asset Pricing Anomalies (1996)Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks (1997)Conditional Skewness in Asset Pricing Tests (2000)Specification Tests in Econometrics (1978)Why Firms Voluntarily Disclose Bad News (1994)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)The economic implications of corporate financial reporting (2005)Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting (2010)INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)Corporate financing and investment decisions when firms have information that investors do not have (1984)Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC* (1996)Risk, Return, and Equilibrium: Empirical Tests (1973)On Persistence in Mutual Fund Performance (1997)The market pricing of accruals quality (2005)How does financial reporting quality relate to investment efficiency? (2009)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)The Handbook of Social Psychology (1969)Judgment under Uncertainty: Heuristics and Biases (1975)Confirmation Bias: A Ubiquitous Phenomenon in Many Guises (1998)Well-being : the foundations of hedonic psychology (1999)False-Positive Psychology (2011)A Theory of Cognitive Dissonance (2017)Modern Portfolio Theory and Investment Analysis. (1982)The Statistics of Sharpe Ratios (2002)An econometric model of serial correlation and illiquidity in hedge fund returns (2004)Deep Direct Reinforcement Learning for Financial Signal Representation and Trading (2016)An Empirical Evaluation of Accounting Income Numbers (1968)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)Norm theory: Comparing reality to its alternatives. (1986)Investor Sentiment and the Closed‐End Fund Puzzle (1991)An Engine, Not a Camera (2006)Automatic Time Series Forecasting: The forecast Package for R (2008)Statistical and Machine Learning forecasting methods: Concerns and ways forward (2018)Recurrent Neural Networks for Time Series Forecasting: Current status and future directions (2020)Illiquidity and stock returns: cross-section and time-series effects (2002)Giving Content to Investor Sentiment: The Role of Media in the Stock Market (2007)Integración de los mercados financieros Latinoamericanos por medio de MILA (2020)
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References

  • 1990The case for motivated reasoning.9,014 cited
  • 2006Investor Sentiment and the Cross‐Section of Stock Returns6,042 cited
  • 1997Industry costs of equity5,793 cited
  • 2006Another look at measures of forecast accuracy5,736 cited
  • 1996Corporate Disclosure Policy and Analyst Behavior.2,743 cited
  • 1993Cross-Sectional Determinants of Analyst Ratings of Corporate Disclosures2,643 cited
  • 1994The Sharpe Ratio2,542 cited
  • 2004Costs of Equity and Earnings Attributes2,387 cited
  • 1973A Random Walk Down Wall Street1,743 cited
  • 2002The rewards to meeting or beating earnings expectations1,706 cited
  • 2002Management's Incentives to Avoid Negative Earnings Surprises1,615 cited
  • 1999Conflict of Interest and the Credibility of Underwriter Analyst Recommendations1,549 cited
  • 2003Analyzing the Analysts: Career Concerns and Biased Earnings Forecasts1,471 cited
  • 1999Analyst forecast accuracy: Do ability, resources, and portfolio complexity matter?1,428 cited
  • 2003Are Selling, General, and Administrative Costs “Sticky”?1,361 cited
  • 1998Underwriting relationships, analysts' earnings forecasts and investment recommendations

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1,248 cited

Cited by

  • 2019Facial Structure and Achievement Drive: Evidence from Financial Analysts113 cited
  • 2018The Revolving Door of Sell-Side Analysts56 cited
  • 2017Career concerns of banking analysts49 cited
  • 2017Do Investors Fully Unravel Persistent Pessimism in Analysts' Earnings Forecasts?43 cited
  • 2019Expectations Management and Stock Returns42 cited
  • 2017Opportunity Knocks But Once: Delayed Disclosure of Financial Items in Earnings Announcements and Neglect of Earnings News33 cited
  • 2023National culture and analysts’ forecasting33 cited
  • 2019Key performance indicators as supplements to earnings: Incremental informativeness, demand factors, measurement issues, and properties of their forecasts31 cited
  • 2016Do Opinions on Financial Misstatement Firms Affect Analysts’ Reputation with Investors? Evidence from Reputational Spillovers30 cited
  • 2017International Diversification, SFAS 131 and Post‐Earnings‐Announcement Drift29 cited
  • 2021Disagreement about fundamentals: measurement and consequences29 cited
  • 2020Macroeconomic Uncertainty and Quantitative versus Qualitative Inputs to Analyst Risk Forecasts28 cited
  • 2017Seemingly Inconsistent Analyst Revisions26 cited
  • 2018Strategic distortions in analyst forecasts in the presence of short-term institutional investors26 cited
  • 2017Management Bias Across Multiple Accounting Estimates25 cited
  • 2019Measuring News in Management Range Forecasts25 cited