2014 | OriginalPaper | Buchkapitel
Analysts’ issuance of supplementary forecasts as determinant of earnings forecast accuracy
verfasst von : Tanja Klettke
Erschienen in: New Determinants of Analysts’ Earnings Forecast Accuracy
Verlag: Springer Fachmedien Wiesbaden
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In this chapter, I investigate analysts’ issuance of so-called supplementary forecasts (e.g. cash flow or sales forecasts). I argue that issuing supplementary forecasts has an impact on the accuracy of the analyst’s respective earnings forecast and introduce a new variable to measure this effect. This new variable is based on the number of different kinds of supplementary forecasts an analyst issues besides her earnings forecast. From empirical analyses I find that the measure can explain differences in analysts’ earnings forecast accuracy.