Research on the Use of Financial Statement Information for Forecasting Profitability

19 Pages Posted: 6 Oct 2020

See all articles by Teri Lombardi Yohn

Teri Lombardi Yohn

Emory University Goizueta Business School

Date Written: September 2020

Abstract

Research on the use of financial statement information for forecasting profitability has two objectives: (i) to generate improved forecasts of profitability and accurate estimates of firm value; and (ii) to identify market inefficiencies with respect to financial statement information. For these areas of research, this article describes the evolution, provides examples and shares implications of the research. It also discusses opportunities for future research. The article highlights that financial statement analysis research has slowly evolved and has received limited attention from academics. The article argues that there are vast opportunities for impactful research on fundamental analysis and market inefficiencies.

Keywords: Financial statement analysis, Fundamental analysis, Market inefficiency

Suggested Citation

Yohn, Teri Lombardi, Research on the Use of Financial Statement Information for Forecasting Profitability (September 2020). Accounting & Finance, Vol. 60, Issue 3, pp. 3163-3181, 2020, Available at SSRN: https://ssrn.com/abstract=3704321 or http://dx.doi.org/10.1111/acfi.12394

Teri Lombardi Yohn (Contact Author)

Emory University Goizueta Business School ( email )

201 Dowman Drive
Atlanta, GA 30322
United States

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