Determinants of Earnings Forecast Error, Earnings Forecast Revision and Earnings Forecast Accuracy / Nejlevnější knihy
Determinants of Earnings Forecast Error, Earnings Forecast Revision and Earnings Forecast Accuracy

Kód: 01784289

Determinants of Earnings Forecast Error, Earnings Forecast Revision and Earnings Forecast Accuracy

Autor Sebastian Gell

Earnings forecasts are ubiquitous in today s financial markets. They are essential indicators of future firm performance and a starting point for firm valuation. Extremely inaccurate and overoptimistic forecasts during the most re ... celý popis

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Earnings forecasts are ubiquitous in today s financial markets. They are essential indicators of future firm performance and a starting point for firm valuation. Extremely inaccurate and overoptimistic forecasts during the most recent financial crisis have raised serious doubts regarding the reliability of such forecasts. This thesis therefore investigates new determinants of forecast errors and accuracy. In addition, new determinants of forecast revisions are examined. Sebastian Gell gives answer to the following questions: How do analyst incentives lead to forecast errors? How do changes in analyst incentives lead to forecast revisions? And what factors drive differences in forecast accuracy?

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