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Hyun Min Oh, Sam Bock Park and Jong Hyun Kim
We examine whether analysts? cash flow forecasts improve firm value. First, we analyze whether the joint issuance of financial analysts? earnings and cash flow forecasts improve firm value. Second, we analyze whether the quality of analysts? cash flow fo...
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Wessel M. Badenhorst
AbstractAnalysts? earnings and book value forecasts play an important role in price discovery in equity markets. As the role of fair value measurements in accounting increases, the impact on analysts? ability to accurately forecast earnings and book valu...
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Ahmed Bouteska,Boutheina Regaieg
Pág. 208 - 214
This paper aims to investigate the effect of financial analysts? recommendations on the overconfidence and over or under-reaction to previous years? earnings, as well as their impact on investment decisions in the Tunisian stock market. Literature mostly...
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Liping Zou,Ruishan Chen
Pág. 133 - 143
This study documents that contrarian investment strategies offer superior returns because these strategies exploit investors? expectation errors. There are two sources of expectation errors, naïve extrapolation of past performance and biased analysts? ea...
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Pág. 35 - 85
This study investigates whether corporate governance can mitigate real earnings management. In recent years, firms have been switching from accrual-based to real earnings management, and the incidence of real earnings management has increased. The role o...
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David Salerno, Nathan Jeppson
This study examines whether financial analysts are more optimistic in their earnings forecasts for non-U.S. firms than they are for U.S. firms. Several areas of research motivate this examination. First, research shows that global economic influences, su...
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T. I?Ons,M. Ward
AbstractThe effectiveness of the Price Earnings Growth ratio as a valuation tool has been a topical debate amongst analysts ever since being popularised by Lynch (1989). This study examines the appropriateness of the fair value criteria of a PEG of 1,0, ...
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Sharpe, S. A.
Pág. 632 - 648
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