search query: @journal_id 56 / total: 1032
reference: 241 / 1032
| Author: | Mensah, M. Nguyen, H. Ryan, H. |
| Title: | An empirical analysis of qualitative management earnings forecasts |
| Journal: | Journal of Business Finance and Accounting
1996 : DEC, VOL. 23:9/10, p. 1245-1266 |
| Index terms: | ACCOUNTING FORECASTING MANAGEMENT |
| Language: | eng |
| Abstract: | Despite efforts by the Securities and Exchange Commission (SEC) to encourage corporate disclosure of quantitative management earnings projections, only a small fraction of firms voluntarily do so. Instead of quantitative estimates, a large number of firms choose to disclose qualitative (verbal) assessments of their earnings prospects. This paper is a study of the information characteristics and the usefulness of this alternative form or forecast disclosures to investors. The study examines a sample of qualitative forecast statements from the 1979-1985 period and finds associations between these forecasts and percentage changes in realised earnings per share. |
SCIMA