Abstract

http://ssrn.com/abstract=257687
 
 

Citations



 


 



Earnings Management: The Effect of Ex Ante Earnings Expectations


Jeff L. Payne


University of Kentucky - Von Allmen School of Accountancy

Sean W.G. Robb


University of Toronto - Rotman School of Management


Journal of Accounting, Auditing and Finance, Vol. 15, Fall 2000

Abstract:     
SEC Chairman Arthur Levitt has recently expressed concerns about the use of earnings management to meet Wall Street earnings expectations set by analysts' forecasts. We investigate whether managers aim to "meet or beat" analysts' forecasts and examine the influence of analysts' forecast dispersion on this aim. Our results are consistent with managers aligning earnings with market expectations established by analysts' forecasts. Additionally, our evidence is consistent with managers behaving as though they have greater incentives to increase income in settings where the dispersion in analysts' forecasts is low.

Keywords: Earnings management; Analysts; Forecasts; Discretionary accruals

JEL Classification: M41, M43, G29

Accepted Paper Series





Not Available For Download

Date posted: April 24, 2001  

Suggested Citation

Payne, Jeff L. and Robb, Sean W.G., Earnings Management: The Effect of Ex Ante Earnings Expectations. Journal of Accounting, Auditing and Finance, Vol. 15, Fall 2000. Available at SSRN: http://ssrn.com/abstract=257687

Contact Information

Jeff L. Payne (Contact Author)
University of Kentucky - Von Allmen School of Accountancy ( email )
Lexington, KY 40506
United States
Sean W.G. Robb
University of Toronto - Rotman School of Management ( email )
105 St. George Street
Toronto, Ontario M5S 3E6
Canada
416-946-5650 (Phone)
416-971-3048 (Fax)
Feedback to SSRN


Paper statistics
Abstract Views: 1,824

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo8 in 0.234 seconds