haku: @journal_id 1343 / yhteensä: 429
viite: 424 / 429
| Tekijä: | Parkash, M. Dhaliwal, D. Salatka, W. |
| Otsikko: | How certain firm-specific characteristics affect the accuracy and dispersion of analysts' forecasts: a latent variables approach |
| Lehti: | Journal of Business Research
1995 : NOV, VOL. 34:3, p. 161-169 |
| Asiasana: | FORECASTING COMPANIES RESEARCH |
| Kieli: | eng |
| Tiivistelmä: | The authors suggest that analysts' uncertainty in predicting earnings is a function of: (1) the uncertainty due to production, investment, and financing (PIF) activities, and (2) the amount of information available about the firm. The authors use a latent variable approach to explore this framework. Observed indicator variables are used to represent the underlying unobserved attributes. The results show that analysts' uncertainty is a positive function of business risk, financial risk, and ownership concentration, and is negatively related to the amount of information. |
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