|
Based on your IP address, your paper is being delivered by:
|
 |
 |
 |
 |
 |
New York, USA
Processing request.
|
Illinois, USA
Processing request.
|
Brussels, Belgium
Processing request.
|
Seoul, Korea
Processing request.
|
California, USA
Processing request.
|
If you have any problems downloading this paper,
please click on another Download Location above, or
File name: SSRN-id2088119. ; Size: 302K
|
|
Bundled Forecasts in Empirical Accounting Research
Jonathan L. Rogers
University of Chicago - Booth School of Business
Andrew Van Buskirk
Ohio State University (OSU) - Department of Accounting & Management Information Systems
June 13, 2011
Journal of Accounting & Economics (JAE), Forthcoming
Chicago Booth Research Paper No. 09-37
Abstract:
This paper examines “bundled” forecasts, or management earnings forecasts issued concurrently with earnings announcements, which have evolved to become the most common type of management forecast. We describe the econometric problems associated with measuring bundled forecast news and, in particular, provide evidence that the measurement error in the traditional calculation of forecast news is material and is systematically associated with variables frequently studied in forecast-related research. We illustrate an application of conditional expectations to overcome these problems. Finally, we offer guidance and caveats to researchers considering the use of this method in the future.
Number of Pages in PDF File: 69
Keywords: Management Forecasts, conference calls, Regulation FD, earnings announcements
JEL Classification: M41, M45, D82, G14
Accepted Paper Series
Download This Paper
Date posted: May 17, 2006
; Last revised: June 20, 2012
Suggested CitationRogers, Jonathan L. and Van Buskirk, Andrew, Bundled Forecasts in Empirical Accounting Research (June 13, 2011). Journal of Accounting & Economics (JAE), Forthcoming; Chicago Booth Research Paper No. 09-37. Available at SSRN: http://ssrn.com/abstract=901837 or http://dx.doi.org/10.2139/ssrn.901837
|
| Feedback to SSRN (Beta) |
|
|
People who downloaded this paper also downloaded:
1.
Management Forecast Credibility and Underreaction to News
By
Jeffrey Ng,
A. Tuna, ...
2.
Disclosure Tone and Shareholder Litigation
By
Jonathan Rogers,
Andrew Van Buskirk, ...
3.
Evidence on the Trade-Off between Real Activities Manipulation and Accrual-Based Earnings Management
By
Amy Zang
4.
Non-Earnings Corporate Guidance
By
Hung-yuan (richard) Lu
and
Jenny Tucker
5.
Does Fair Value Accounting for Non-Financial Assets Pass the Market Test?
By
Hans Christensen
and
Valeri Nikolaev
6.
Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism
By
Ray Ball,
S.p. Kothari, ...
7.
Financial Statement Comparability and Credit Risk
By
Seil Kim,
Pepa Kraft, ...
8.
Implications for GAAP from an Analysis of Positive Research in Accounting
By
S.p. Kothari,
Karthik Ramanna, ...
9.
Information Asymmetry, Information Precision, and the Cost of Capital
By
Richard Lambert,
Christian Leuz, ...
10.
Investor Sophistication and Disclosure Clienteles
By
Alon Kalay
|
|
|
|
