search query: @author Kang, S. / total: 6
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| Author: | Kang, S. |
| Title: | Analysts' interim earnings forecasts: evidence on the forecasting process |
| Journal: | Journal of Accounting Research
1994 : SPRING, VOL. 32:1, p. 103-112 |
| Index terms: | FORECASTING EARNINGS ACCOUNTING |
| Language: | eng |
| Abstract: | Existing empirical evidence indicates that analyst forecasts of corporate earnings do not meet the strict rationality standards prescribed by econometric tests of the rational expectations hypothesis. In this paper, the authors address the question of whether the expectation formation process underlying analyst forecasts is adaptive, or whether these forecasts are influenced by noninformational factirs, such as incentives arising from the market for their forecasts. |
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