Influences on Financial Analyst Forecast Errors: A Meta-Analysis

International Business Review, 15, No. 1, pp. 29-541, 2006

Posted: 14 Nov 2009

See all articles by Emma García‐Meca

Emma García‐Meca

Universidad Politécnica de Cartagena

Juan P. Sánchez-Ballesta

University of Murcia

Date Written: 2006

Abstract

There is a considerable volume of research on what influences the accuracy of financial analysts' predictions. Although the findings suggest a variety of explanations related to firm size, analyst experience, and forecasting task complexity, the evidence is inconclusive. The meta-analysis method allows an integration of some results on the association between analyst errors and their principal influences. The findings show that country, measurement of the variables, and time period of forecast moderate the effect of some characteristics on analysts' accuracy.

Keywords: meta-analysis, financial analysts, earnings forecasts, accuracy

JEL Classification: M1, M4

Suggested Citation

García-Meca, Emma and Sánchez-Ballesta, Juan P., Influences on Financial Analyst Forecast Errors: A Meta-Analysis (2006). International Business Review, 15, No. 1, pp. 29-541, 2006, Available at SSRN: https://ssrn.com/abstract=931678

Emma García-Meca (Contact Author)

Universidad Politécnica de Cartagena ( email )

Departamento Economia Financiera y Contabilidad
Cartagena, Murcia 30201
Spain

Juan P. Sánchez-Ballesta

University of Murcia ( email )

Avda Teniente Flomesta, 5
Murcia, Murcia 30100
Spain

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