The Market Interpretation of Management Earnings Forecasts as a Predictor of Subsequent Financial Analyst Forecast Revision

This study investigates the relation between financial analyst earnings forecast revisions and two independent variables: (1) a measure of management earnings forecast news issued prior to analyst revisions, and (2) measures derived from the security market price reaction to that news. Results indic...

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Bibliographic Details
Published in:	The Accounting review 1990-01, Vol.65 (1), p.175-190
Main Authors:	Baginski, Stephen P., Hassell, John M.
Format:	Article
Language:	English
Subjects:	Analysts Analytical forecasting Change agents Coefficients Disclosure Earnings Earnings forecasting Financial advisers Financial analysis Financial management Forecasting Forecasting standards Forecasts Investment strategies Management Mathematical models Price changes Prices Revisions Security Security prices Standard deviation Stock prices Theory
Online Access:	Get full text
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