کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5093007 | 1376108 | 2006 | 18 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
The Association between Analysts' Earnings Forecast Dispersion and the Magnitude of Earnings Response Coefficient: “Noise” or “Uncertainty”?
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موضوعات مرتبط
علوم انسانی و اجتماعی
مدیریت، کسب و کار و حسابداری
کسب و کار، مدیریت و حسابداری (عمومی)
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چکیده انگلیسی
The nature of analysts' earnings forecast dispersion and what drives a negative association between the dispersion and the magnitude of the earnings response coefficient have been subjects of active debate among accounting researchers. In an attempt to shed some light on this debate, we test a private information search hypothesis which posits that investors' private information search activity will reduce uncertainty about future firm performance, but that the search is less likely to influence the level of noise in earnings. Our result suggests that the previously documented negative association between the two variables is driven more by earnings noise, rather than by fundamental uncertainty about future firm performance.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Contemporary Accounting & Economics - Volume 2, Issue 2, December 2006, Pages 190-207
Journal: Journal of Contemporary Accounting & Economics - Volume 2, Issue 2, December 2006, Pages 190-207
نویسندگان
Jong-Hag Choi, Tony Kang, Yong Keun Yoo,