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

共 50 条

[31] Analyst Incentives and the Financial Characteristics of Wall Street Darlings and Dogs
Stickel, Scott E.
[J]. JOURNAL OF INVESTING, 2007, 16 (03): : 23 - 32
[32] How do CEO incentives affect corporate tax planning and financial reporting of income taxes?
Powers, Kathleen
Robinson, John R.
Stomberg, Bridget
[J]. REVIEW OF ACCOUNTING STUDIES, 2016, 21 (02) : 672 - 710
[33] Analysts' forecast optimism: The effects of managers? incentives on analysts' forecasts
Brown, Anna Bergman
Lin, Guoyu
Zhou, Aner
[J]. JOURNAL OF BEHAVIORAL AND EXPERIMENTAL FINANCE, 2022, 35
[34] Influences on financial analyst forecast errors:: A meta-analysis
García-Meca, E
Sánchez-Ballesta, JP
[J]. INTERNATIONAL BUSINESS REVIEW, 2006, 15 (01) : 29 - 52
[35] An examination of the effects of management earnings forecast form and explanations on financial analyst forecast revisions
Baginski, Stephen P.
Hassell, John M.
Wieland, Matthew M.
[J]. ADVANCES IN ACCOUNTING, 2011, 27 (01) : 17 - 25
[36] MARKET INSTITUTIONS, FAIR VALUE, AND FINANCIAL ANALYST FORECAST ACCURACY
Ye, Rui
Heravi, Saeed
Xiao, Jason
[J]. ABACUS-A JOURNAL OF ACCOUNTING FINANCE AND BUSINESS STUDIES, 2024, 60 (01): : 130 - 171
[37] Do product market threats affect analyst forecast precision?
Mattei, Marco Maria
Platikanova, Petya
[J]. REVIEW OF ACCOUNTING STUDIES, 2017, 22 (04) : 1628 - 1665
[38] Do product market threats affect analyst forecast precision?
Marco Maria Mattei
Petya Platikanova
[J]. Review of Accounting Studies, 2017, 22 : 1628 - 1665
[39] The real effects of financial reporting on pay and incentives
Core, John E.
[J]. ACCOUNTING AND BUSINESS RESEARCH, 2020, 50 (05) : 448 - 469
[40] DOES CORPORATE GOVERNANCE AFFECT FINANCIAL REPORTING QUALITY OF POLITICALLY CONNECTED FIRMS?
Wati, Lela Nurlaela
Ramdany
Momon
[J]. ENTREPRENEURSHIP AND SUSTAINABILITY ISSUES, 2020, 7 (03): : 2126 - 2143

← 1 2 3 4 5 →