search query: @author Ryan, H. / total: 2
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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. |
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