File Download
There are no files associated with this item.
Links for fulltext
(May Require Subscription)
- Publisher Website: 10.1023/A:1009668711298
- Scopus: eid_2-s2.0-0001082086
- Find via
Supplementary
-
Citations:
- Scopus: 0
- Appears in Collections:
Article: Analyst forecasting ability and the stock price reaction to forecast revisions
Title | Analyst forecasting ability and the stock price reaction to forecast revisions |
---|---|
Authors | |
Keywords | Earnings Forecasts Financial Analysts Reputation |
Issue Date | 2000 |
Publisher | Springer New York LLC. The Journal's web site is located at http://springerlink.metapress.com/openurl.asp?genre=journal&issn=1380-6653 |
Citation | Review Of Accounting Studies, 2000, v. 5 n. 3, p. 259-272 How to Cite? |
Abstract | We empirically identify superior analysts using their past forecasting track record for a specific firm's earnings and demonstrate that subsequent forecast announcements by these superior analysts have a greater impact on security prices than do the forecasts of other analysts. We find that, in our sample, the price effects of this firm-specific forecasting ability do not spill over to other firms followed by the same analyst. We also demonstrate that an analyst's forecasting ability with respect to the earnings of a certain firm is relatively more important in the period immediately preceding an earnings announcement by that firm. © 2000 Kluwer Academic Publishers. |
Persistent Identifier | http://hdl.handle.net/10722/177815 |
ISSN | 2023 Impact Factor: 4.8 2023 SCImago Journal Rankings: 5.481 |
References |
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Park, CW | en_US |
dc.contributor.author | Stice, EK | en_US |
dc.date.accessioned | 2012-12-19T09:40:26Z | - |
dc.date.available | 2012-12-19T09:40:26Z | - |
dc.date.issued | 2000 | en_US |
dc.identifier.citation | Review Of Accounting Studies, 2000, v. 5 n. 3, p. 259-272 | en_US |
dc.identifier.issn | 1380-6653 | en_US |
dc.identifier.uri | http://hdl.handle.net/10722/177815 | - |
dc.description.abstract | We empirically identify superior analysts using their past forecasting track record for a specific firm's earnings and demonstrate that subsequent forecast announcements by these superior analysts have a greater impact on security prices than do the forecasts of other analysts. We find that, in our sample, the price effects of this firm-specific forecasting ability do not spill over to other firms followed by the same analyst. We also demonstrate that an analyst's forecasting ability with respect to the earnings of a certain firm is relatively more important in the period immediately preceding an earnings announcement by that firm. © 2000 Kluwer Academic Publishers. | en_US |
dc.language | eng | en_US |
dc.publisher | Springer New York LLC. The Journal's web site is located at http://springerlink.metapress.com/openurl.asp?genre=journal&issn=1380-6653 | en_US |
dc.relation.ispartof | Review of Accounting Studies | en_US |
dc.subject | Earnings Forecasts | en_US |
dc.subject | Financial Analysts | en_US |
dc.subject | Reputation | en_US |
dc.title | Analyst forecasting ability and the stock price reaction to forecast revisions | en_US |
dc.type | Article | en_US |
dc.identifier.email | Park, CW: acparkc@hku.hk | en_US |
dc.identifier.authority | Park, CW=rp01090 | en_US |
dc.description.nature | link_to_subscribed_fulltext | en_US |
dc.identifier.doi | 10.1023/A:1009668711298 | - |
dc.identifier.scopus | eid_2-s2.0-0001082086 | en_US |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-0001082086&selection=ref&src=s&origin=recordpage | en_US |
dc.identifier.volume | 5 | en_US |
dc.identifier.issue | 3 | en_US |
dc.identifier.spage | 259 | en_US |
dc.identifier.epage | 272 | en_US |
dc.publisher.place | United States | en_US |
dc.identifier.scopusauthorid | Park, CW=37062708100 | en_US |
dc.identifier.scopusauthorid | Stice, EK=7005899020 | en_US |
dc.identifier.issnl | 1380-6653 | - |