search query: @author Bartley, J. W. / total: 6
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Author: | Bartley, J. W. Cameron, A. B. |
Title: | Long-run earnings forecasts by managers and financial analysts |
Journal: | Journal of Business Finance and Accounting
1991 : JAN, VOL. 18:1, p.21-41 |
Index terms: | EARNINGS MANAGERS FORECASTING FINANCIAL ANALYSIS MOTIVATION THEORIES |
Language: | eng |
Abstract: | The accuracy of long-run earnings forecasts disclosed by managers (forecasts disclosed at lead eight months prior to year-end) to that of contemporaneous forecast by financial analysts is compared. The sample data are examined in the context of several theories regarding the motivation of managers to disclose long-run earnings forecasts. It is suggested that fundamentally differing motives are present within the population of managers' long-run forecasts, and that for at least a portion of the population, managers' forecasts are likely to be more accurate than those of financial analysts. |
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