National Academy of Management;Kiev: Natsional'na Akademiya Upravlinnya / National Academy of Management
摘要:
摘要： This study examines the effect of analysts' cash flow forecasts on accruals mispricing. We find that investors tend to overestimate the information in accruals but that accrual mispricing is significantly lower for the firms with analysts' cash flow forecasts. Our results suggest that these forecasts improve the efficiency of investors' reactions to earnings announcements by conveying information on accrual components of reported earnings. 出版者： Kiev: Natsional'na Akademiya Upravlinnya / National Academy of Management 出版日期： 2016-01-01 出處： Aktualʹni problemy ekonomiky, 2016-01 (184), p.361 資源來源： ABI/INFORM Collection 版權： Copyright Natsional'na Akademiya Upravlinnya / National Academy of Management 2016 識別號： ISSN: 1993-6788
