The Relation Between a Prior Earnings Forecast by Management and Analyst Response to a Current Management Forecast.
The Accounting Review
1996
Abstract This paper investigates whether the accuracy of a prior earnings forecast by management serves as an indicator to analysts of the believability of a current management forecast. Regression analysis is used to examine the relationship between the usefulness of a prior forecast by management and analyst response to a current forecast, after controlling for other determinants of believability. The results suggest that management establishes a forecasting "reputation" based on prior earnings forecasts.
- DOI
- 10.2308/tar-9602190351
- Volume
- 71 (1)
- Pages
- 103-115
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref