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Author: Andrew W. Alford Publisher: ISBN: Category : Languages : en Pages :
Book Description
We use a simultaneous equations model to study forecast accuracy, analyst following, and trading volume. Forecast accuracy and analyst following are determined simultaneously, with greater accuracy associated with higher following. This result supports the idea that an analyst?s private information complements, rather than substitutes for, factors that increase certainty about the firm?s prospects. Stocks generating more trading volume (and thus greater brokerage commissions) have higher analyst following. Given the simultaneity we document between accuracy and following, stocks that generate greater brokerage commissions not only directly induce higher analyst following but also indirectly enhance the accuracy of earnings forecasts about their firms. Finally, special items and a broad accounting-based signal of change impair analysts? ability to predict future earnings. The negative effect of special items on accuracy is consistent with concerns raised by standard setters that unusual events impair investors? ability to interpret future earnings.
Author: Andrew W. Alford Publisher: ISBN: Category : Languages : en Pages :
Book Description
We use a simultaneous equations model to study forecast accuracy, analyst following, and trading volume. Forecast accuracy and analyst following are determined simultaneously, with greater accuracy associated with higher following. This result supports the idea that an analyst?s private information complements, rather than substitutes for, factors that increase certainty about the firm?s prospects. Stocks generating more trading volume (and thus greater brokerage commissions) have higher analyst following. Given the simultaneity we document between accuracy and following, stocks that generate greater brokerage commissions not only directly induce higher analyst following but also indirectly enhance the accuracy of earnings forecasts about their firms. Finally, special items and a broad accounting-based signal of change impair analysts? ability to predict future earnings. The negative effect of special items on accuracy is consistent with concerns raised by standard setters that unusual events impair investors? ability to interpret future earnings.
Author: Cheng F. Lee Publisher: Center for PBBEFR & Airiti Press ISBN: 986628669X Category : Business & Economics Languages : en Pages :
Book Description
Advances in Quantitative Analysis of Finance and Accounting (New Series) is an annual publication designed to disseminate developments in the quantitative analysis of finance and accounting. The publication is a forum for statistical and quantitative analyses of issues in finance and accounting as well as applications of quantitative methods to problems in financial management, financial accounting, and business management. The objective is to promote interaction between academic research in finance and accounting and applied research in the financial community and the accounting profession.
Author: Cheng F. Lee Publisher: Center for PBBEFR & Ainosco Press ISBN: 9866286738 Category : Business & Economics Languages : en Pages :
Book Description
Advances in Quantitative Analysis of Finance and Accounting (New Series) is an annual publication designed to disseminate developments in the quantitative analysis of finance and accounting. The publication is a forum for statistical and quantitative analyses of issues in finance and accounting as well as applications of quantitative methods to problems in financial management, financial accounting, and business management. The objective is to promote interaction between academic research in finance and accounting and applied research in the financial community and the accounting profession.
Author: David Lee Kuo Chuen Publisher: Academic Press ISBN: 0128010630 Category : Business & Economics Languages : en Pages : 531
Book Description
Participants in Asian financial markets have witnessed the unprecedented growth and sophistication of their investments since the 1997 crisis. Handbook of Asian Finance: REITs, Trading, and Fund Performance analyzes the forces behind these growth rates. Insights into banking, fund performance, and the effects of trading technologies for practitioners to tax evasion, market manipulation, and corporate governance issues are all here, presented by expert scholars. Offering broader and deeper coverage than other handbooks, the Handbook of Asian Finance: REITs, Trading, and Fund Performance explains what is going on in Asia today. Presents the only micro- and market-related analysis of pan-Asian finance available today Explores the implications implicit in the expansion of sovereign funds and the growth of the hedge fund and real estate fund management industries Investigates the innovations in technology that have ushered in faster capital flow and larger trading volumes
Author: Kenneth D. Lawrence Publisher: Emerald Group Publishing ISBN: 0857249606 Category : Business & Economics Languages : en Pages : 219
Book Description
Intends to present advanced studies in the application of forecasting methodologies to such areas as sales, marketing, and strategic decision making. This title includes topics such as: sales and marketing, forecasting, new product forecasting, judgmentally-based forecasting, the application of surveys to forecasting, and sales response models.
Author: G. Gregoriou Publisher: Springer ISBN: 0230589685 Category : Business & Economics Languages : en Pages : 292
Book Description
This collection of exclusive articles presents the latest research in the area of mergers and acquisitions. It presents what drives corporate performance under different economic conditions, both in the US and across the globe, and examines the role of mergers and acquisitions in maintaining the efficiency of world markets.
Author: J. Jay Choi Publisher: Emerald Group Publishing ISBN: 1780527640 Category : Business & Economics Languages : en Pages : 388
Book Description
For this volume we have collected 12 original research papers dealing with various issues relating to transparency. This topic spans many disciplines beyond accounting and finance, intersecting economics, law and management, embracing sociology and political science, and offering opportunities for creative interdisciplinary research. We hope this v
Author: Fotini Economou Publisher: Academic Press ISBN: 0128112530 Category : Business & Economics Languages : en Pages : 516
Book Description
The Handbook of Investors' Behavior during Financial Crises provides fundamental information about investor behavior during turbulent periods, such the 2000 dot com crash and the 2008 global financial crisis. Contributors share the same behavioral finance tools and techniques while analyzing behaviors across a variety of market structures and asset classes. The volume provides novel insights about the influence and effects of regional differences in market design. Its distinctive approach to studies of financial crises is of key importance in our contemporary financial landscape, even more so since the accelerated process of globalization has rendered the outbreak of financial crises internationally more commonplace compared to previous decades. Encompasses empirical, quantitative and regulation-motivated studies Includes information about retail and institutional investor behavior Analyzes optimal financial structures for the development and growth of specific regional economies
Author: Andrew W. Alford
Author: Andrew W. Alford
Author: Lucy F. Ackert
Author: Cheng F. Lee
Author: Cheng F. Lee
Author: David Lee Kuo Chuen
Author: Kenneth D. Lawrence
Author: G. Gregoriou
Author: J. Jay Choi
Author: Fotini Economou
Author: