Advanced Search
MyIDEAS: Login

Earnings forecasting research: an overview and critique

Contents:

Author Info

  • Peek, Erik

    (Vrije Universiteit Amsterdam, Faculteit der Economische Wetenschappen en Econometrie (Free University Amsterdam, Faculty of Economics Sciences, Business Administration and Economitrics)

Registered author(s):

    Abstract

    Past research has extensively addressed the influence of accounting information on stock prices. However, results of this branch of capital market based research have been inconclusive, partly due to methodological deficiencies. Focusing on differential groups of market participants, such as financial analysts forecasting earnings, might contribute to our understanding of the functioning of capital markets and the role of accounting information. In this paper an overview and critique of the earnings forecasting literature is presented. For the purpose of offering some insight into the present state of the earnings forecasting research and detecting the remaining deficiencies in our understanding of financial analysts a classification is made, Studies are divided into process-oriented studies and results-oriented studies. Studying individual forecasting processes is necessary, since earnings forecasts at the aggregate level are found to be distorted by inefficient individual information processing. However, process-oriented studies do not cover all aspects of the earnings forecasting process. For that reason, judgmental forecasting and decision making literature is drawn into the discussion to provide some directions for future research.

    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: ftp://zappa.ubvu.vu.nl/19970044.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics in its series Serie Research Memoranda with number 0044.

    as in new window
    Length:
    Date of creation: 1997
    Date of revision:
    Handle: RePEc:dgr:vuarem:1997-44

    Contact details of provider:
    Web page: http://www.feweb.vu.nl

    Related research

    Keywords:

    Find related papers by JEL classification:

    This paper has been announced in the following NEP Reports:

    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:dgr:vuarem:1997-44. 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: (R. Dam).

    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.