search query: @journal_id 51 / total: 716
reference: 31 / 716
| Author: | Hope, O.-K. |
| Title: | Disclosure Practices, Enforcement of Accounting Standards, and Analysts' Forecast Accuracy: An International Study |
| Journal: | Journal of Accounting Research
2003 : MAY, VOL. 41:2, p. 235-284 |
| Index terms: | ACCOUNTING STANDARDS FORECASTING ANALYTICAL REVIEW REPORTS |
| Language: | eng |
| Abstract: | Using a sample from 22 countries, the author investigates the relations between the accuracy of analysts' earnings forecasts and the level of annual report disclosure, and between forecast accuracy and the degree of enforcement of accounting standards. The author documents that firm- level disclosures are positively related to forecast accuracy, suggesting that such disclosures provide useful information to analysts. The author constructs a comprehensive measure of enforcement and find that strong enforcement is associated with higher forecast accuracy. This finding is consistent with the hypothesis that enforcement encourages managers to follow prescribed accounting rules, which, in turn, reduces analysts' uncertainty about future earnings. |
SCIMA