Advanced Search
MyIDEAS: Login to save this article or follow this journal

Properties of Analysts’ Forecasts for Romanian Listed Companies: How Much Do Firm-Specific Factors Matter?

Contents:

Author Info

  • Mihaela IONASCU

    ()
    (The Bucharest Academy of Economic Studies, Romania)

Registered author(s):

    Abstract

    This paper seeks to explore the properties of analysts’ forecast accuracy for companies listed on Bucharest Stock Exchange (BSE). Based on a sample of 266 firm-month observations (predictions made in 2008 for 2009 and 2010), the paper investigates several firm-specific factors documented by the literature to have a significant impact on forecast accuracy, and shows that for Romanian listed companies, forecast errors for earnings per share reported under local GAAP are negatively correlated with the size of the firm and the corporate governance policies. The results are convergent with those documented in international contexts, showing that larger firms as well as those which are better governed are more likely to provide additional disclosures, and thus increase forecast accuracy.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.cig.ase.ro/articles/10_3_2.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies in its journal Journal of Accounting and Management Information Systems.

    Volume (Year): 10 (2011)
    Issue (Month): 3 (September)
    Pages: 318-325

    as in new window
    Handle: RePEc:ami:journl:v:10:y:2011:i:3:p:318-325

    Contact details of provider:

    Related research

    Keywords: Properties of analysts’ forecast; corporate governance; information environment;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ami:journl:v:10:y:2011:i:3:p:318-325. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Cristina Geambasu) The email address of this maintainer does not seem to be valid anymore. Please ask Cristina Geambasu to update the entry or send us the correct address.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.