Does analyst forecast informativeness affect managers' financial reporting incentives?

被引：0

作者：

Krieg, Kimberly S. ^{[1
]}

Siagian, Ferdinand ^{[2
]}

Wu, Juan ^{[3
]}

机构：

[1] Univ San Diego, San Diego, CA USA

[2] Minnesota State Univ Mankato, Mankato, MN USA

[3] Univ Washington Tacoma, Tacoma, WA USA

来源：

ECONOMICS LETTERS | 2024年 / 244卷

关键词：

Analyst forecasts; Informativeness; Earnings management; Abnormal return; EARNINGS MANAGEMENT; PERFORMANCE-MEASURES; TAX EXPENSE; REVISIONS; PRICE;

D O I：

10.1016/j.econlet.2024.111995

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study investigates how the informativeness of analyst forecasts affects managers' financial reporting incentives. Using a novel Match Index to estimate the earnings management induced by analyst forecasts, we find that when analyst forecasts are less informative, managers place less value on using them as a benchmark and thus, engage in less earnings management to meet that benchmark.

引用

页数：4

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