The relation between a prior earnings forecast by management and analyst response to a current management forecast

被引：16
|
作者：
Williams, PA
机构：
来源：
ACCOUNTING REVIEW | 1996年 / 71卷 / 01期
关键词：
prior forecast usefulness; analyst forecast revisions; management forecast of earnings; forecasting reputation;
D O I：
暂无
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
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.
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页码：103 / 115
页数：13
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