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A Reexamination of Bias in Management Earnings Forecasts
16 references·3 citing·35 second hop
A Reexamination of Bias in Management Earnings Forecasts (2000)A Reexamination of Bias in Management Ear…Capital markets research in accounting (2001)Capital markets research in a…The Relation between Analysts' Forecasts of Long‐Term Earnings Growth and Stock Price Performance Following Equity Offerings* (2000)The Relation between Analysts…Use of R2 in accounting research: measuring changes in value relevance over the last four decades (1999)Use of R2 in accounting resea…Earnings Management to Exceed Thresholds (1999)Earnings Management to Exceed…Analyst forecast accuracy: Do ability, resources, and portfolio complexity matter? (1999)Analyst forecast accuracy: Do…Earnings predictability and bias in analysts' earnings forecasts. (1998)Earnings predictability and b…Discretionary Management Earnings Forecast Disclosures: Antecedents and Outcomes Associated with Forecast Venue and Forecast Specificity Choices (1998)Discretionary Management Earn…Earnings management to avoid earnings decreases and losses (1997)Earnings management to avoid …Do Security Analysts Improve Their Performance with Experience? (1997)Do Security Analysts Improve …Earnings forecasting research: its implications for capital markets research (1993)Earnings forecasting research…Analysts' Decisions As Products of a Multi-Task Environment (1993)Analysts' Decisions As Produc…An analysis of intertemporal and cross-sectional determinants of earnings response coefficients (1989)An analysis of intertemporal …Analysts' forecasts as earnings expectations (1988)Analysts' forecasts as earnin…Financial analysts' forecasts of earnings (1982)Financial analysts' forecasts…An Empirical Investigation of the Voluntary Disclosure of Corporate Earnings Forecasts (1980)An Empirical Investigation of…Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …Retracted: When Do Analysts Adjust for Biases in Management Guidance? Effects of Guidance Track Record and Analysts’ Incentives* (2010)Retracted: When Do Analysts A…Non‐audit Services and Bias and Accuracy of Voluntary Earnings Forecasts Reviewed by Incumbent CPAs (2007)Non‐audit Services and Bias a…The Governance Role of Institutional Investors and Outsider Directors on the Properties of Management Earnings Forecasts (2004)The Governance Role of Instit…An Empirical Evaluation of Accounting Income Numbers (1968)Prospect theory: An analysis of decision under risk (1988)Earnings management and investor protection: an international comparison (2003)Earnings Management through Real Activities Manipulation (2003)The economic implications of corporate financial reporting (2005)Underwriting relationships, analysts' earnings forecasts and investment recommendations (1998)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)The Combination of Forecasts (1969)Norm theory: Comparing reality to its alternatives. (1986)Herd Behavior and Investment (1988)Forecasting Economic Time Series (2000)Detecting Earnings Management. (1995)Dividend Policy, Growth, and the Valuation of Shares (1961)An Intertemporal Capital Asset Pricing Model (1973)Earnings Asan Explanatory Variable for Returns (1991)Forecasting Profitability and Earnings (2000)Does Greater Firm‐Specific Return Variation Mean More or Less Informed Stock Pricing? (2003)On the Usefulness of Earnings and Earnings Research: Lessons and Directions from Two Decades of Empirical Research (1989)Changes in the value-relevance of earnings and book values over the past forty years (1997)Have Financial Statements Lost Their Relevance? (1999)Characteristics of a firm's information environment and the information asymmetry between insiders and outsiders (2003)Earnings management and cross listing: Are reconciled earnings comparable to US earnings?Π (2005)Judgment under Uncertainty: Heuristics and Biases (1974)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)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)The Framing of Decisions and the Psychology of Choice (1981)Advances in prospect theory: Cumulative representation of uncertainty (1992)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)
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References

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
  • 1997Earnings management to avoid earnings decreases and losses3,839 cited
  • 1999Earnings Management to Exceed Thresholds2,764 cited
  • 2001Capital markets research in accounting2,575 cited
  • 1989An analysis of intertemporal and cross-sectional determinants of earnings response coefficients1,685 cited
  • 1999Analyst forecast accuracy: Do ability, resources, and portfolio complexity matter?1,428 cited
  • 1988Analysts' forecasts as earnings expectations985 cited
  • 1997Do Security Analysts Improve Their Performance with Experience?737 cited
  • 1999Use of R2 in accounting research: measuring changes in value relevance over the last four decades734 cited
  • 1993Analysts' Decisions As Products of a Multi-Task Environment721 cited
  • 1998Earnings predictability and bias in analysts' earnings forecasts.578 cited
  • 1982Financial analysts' forecasts of earnings577 cited
  • 2000The Relation between Analysts' Forecasts of Long‐Term Earnings Growth and Stock Price Performance Following Equity Offerings*574 cited
  • 1998Discretionary Management Earnings Forecast Disclosures: Antecedents and Outcomes Associated with Forecast Venue and Forecast Specificity Choices565 cited

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1993
Earnings forecasting research: its implications for capital markets research
522 cited
  • 1980An Empirical Investigation of the Voluntary Disclosure of Corporate Earnings Forecasts490 cited
  • Cited by

    • 2010Retracted: When Do Analysts Adjust for Biases in Management Guidance? Effects of Guidance Track Record and Analysts’ Incentives*19 cited
    • 2007Non‐audit Services and Bias and Accuracy of Voluntary Earnings Forecasts Reviewed by Incumbent CPAs17 cited
    • 2004The Governance Role of Institutional Investors and Outsider Directors on the Properties of Management Earnings Forecasts17 cited