The Effect of Meeting Analyst Forecasts and Systematic Positive Forecast Errors on the Information Content of Unexpected Earnings. Working Paper (2001)
by
Thomas J. Lopez
,
Lynn Rees
,
Sanjay Gupta
,
K. Sivaramakrishnan
| Citations: | 5 - 0 self |
BibTeX
@MISC{Lopez01theeffect,
author = {Thomas J. Lopez and Lynn Rees and Sanjay Gupta and K. Sivaramakrishnan},
title = {The Effect of Meeting Analyst Forecasts and Systematic Positive Forecast Errors on the Information Content of Unexpected Earnings. Working Paper},
year = {2001}
}
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Abstract
Recent articles in the popular press suggest that managers are placing greater emphasis on meeting or exceeding analysts ’ expectations. 1 Consistent with this, empirical research provides evidence that firms manage both earnings and earnings forecasts in order to report earnings that meet or exceed analysts ’ expectations (Burgstahler and Dichev, 1997; Brown, 1998; Burgstahler and Eames 1998;
