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Author | : Ole-Kristian Hope |
Publisher | : |
Total Pages | : |
Release | : 2003 |
Genre | : |
ISBN | : |
Download Disclosure Practices, Enforcement of Accounting Standards and Analysts' Forecast Accuracy Book in PDF, ePub and Kindle
Using a sample from 22 countries, I investigate 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. I document that firm-level disclosures are positively related to forecast accuracy, suggesting that such disclosures provide useful information to analysts. I construct 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. I also find evidence consistent with disclosures being more important when analyst following is low and with enforcement being more important when more choice among accounting methods is allowed.
Author | : Ole-Kristian Hope |
Publisher | : |
Total Pages | : 0 |
Release | : 2003 |
Genre | : |
ISBN | : |
Download Accounting Policy Disclosures and Analysts' Forecasts Book in PDF, ePub and Kindle
Using an international sample, I investigate whether the extent of firms' disclosure of their accounting policies in the annual report is associated with properties of analysts' earnings forecasts. Controlling for firm- and country-level variables, I find that the level of accounting policy disclosure is significantly negatively related to forecast dispersion and forecast error. In particular, I find that accounting policy disclosures are incrementally useful to analysts over and above all other annual report disclosures. These findings suggest that accounting policy disclosures reduce uncertainty about forecasted earnings. I find univariate but not multivariate support for the hypothesis that accounting policy disclosures are especially helpful to analysts in environments where firms can choose among a larger set of accounting methods.
Author | : Ole-Kristian Hope |
Publisher | : |
Total Pages | : |
Release | : 2001 |
Genre | : |
ISBN | : |
Download A Study of International Variations in the Financial Reporting Environment, Disclosure Practices and Analysts' Forecasts Book in PDF, ePub and Kindle
Controlling for firm- and country-level factors, I document that firm-level annual report disclosures are positively (negatively) related to earnings forecast accuracy (dispersion), suggesting that such disclosures provide useful information to analysts.
Author | : MARK LANG |
Publisher | : |
Total Pages | : 52 |
Release | : 1993 |
Genre | : |
ISBN | : |
Download CORPORATE DISCLOSURE POLICY AND ANALYSIS Book in PDF, ePub and Kindle
Author | : Gerhard G. Mueller |
Publisher | : Irwin Professional Publishing |
Total Pages | : 200 |
Release | : 1994 |
Genre | : Accounting |
ISBN | : 9780786300075 |
Download Accounting Book in PDF, ePub and Kindle
Accounting gives busy accountants, attorneys, and business executives the general, nontechnical overview of international accounting they need to interpret information and make informed decisions. Covers these key issues: International accounting, including similarities and differences in accounting systems around the world; international financial statement analysis; managerial accounting.
Author | : Financial Analysts Federation |
Publisher | : |
Total Pages | : 216 |
Release | : 1973 |
Genre | : Business forecasting |
ISBN | : |
Download Disclosure of Corporate Forecasts to the Investor Book in PDF, ePub and Kindle
Author | : Olga Cucaro |
Publisher | : Olga Maria stefania Cucaro |
Total Pages | : 255 |
Release | : 2020-10-18 |
Genre | : Business & Economics |
ISBN | : |
Download The evaluation of financial risk profile of the companies and the mandatory disclosure on Liquidity and Credit Risk Book in PDF, ePub and Kindle
THE EVALUATION OF FINANCIAL RISK PROFILE OF THE COMPANIES AND THE MANDATORY DISCLOSURE ON LIQUIDITY AND CREDIT RISK is a work born from a careful study of the evolution of the Italian and European legislation on the subject of financial risk communication and in particular of IFRS 7, Finacial Instruments: Disclosure. Thanks to this international accounting standard, Italian listed companies have included a greater number of disclosures on financial risks in their financial statements, but while there is no doubt the quantitative increase in information, the qualitative value of this communication is doubtful. In this regard, the study analyzes the usefulness of the disclosure introduced by IFRS 7 for financial analysts. The choice of analysts is a natural choice due to the importance they hold as intermediaries in the communication channel between companies and the market.
Author | : Toseef Azid |
Publisher | : Emerald Group Publishing |
Total Pages | : 456 |
Release | : 2019-05-20 |
Genre | : Business & Economics |
ISBN | : 1789730074 |
Download Research in Corporate and Shari'ah Governance in the Muslim World Book in PDF, ePub and Kindle
Research in Corporate and Shari'ah Governance in the Muslim World: Theory and Practice aims to address a critical disciplinary gap between Islamic theory and the practice of the corporate sector in the Muslim World. Adopting a critical approach, the book sheds light on the impact of corporate governance on the economies of the Muslim world.
Author | : Mohammad Nurunnabi |
Publisher | : Routledge |
Total Pages | : 242 |
Release | : 2016-03-17 |
Genre | : Business & Economics |
ISBN | : 1317017145 |
Download The Role of the State and Accounting Transparency Book in PDF, ePub and Kindle
Dr Mohammad Nurunnabi examines the factors that affect the implementation of International Financial Reporting Standards (IFRS) in developing countries and answers these specific research questions: - What is the relative impact of accounting regulatory frameworks and politico-institutional factors on the implementation of IFRS in developing countries? - How do cultural factors affect said implementation? - How does a study of implementing IFRS help to build an understanding of a theory of the role of the state in accounting change in developing countries? This follows a mixed methodology approach, in which interviews are conducted, IFRS-related enforcement documents and annual reports are evaluated. More than 138 countries have adopted IFRS, yet the International Accounting Standards Board (IASB) does not provide an implementation index. Financial reporting varies by country, even within the area of the world that has apparently adopted IFRS and Nurunnabi offers an important viewpoint that considers the issues of IFRS implementation from various perspectives. This is an invaluable resource for Undergraduate, Masters and PhD students, policy makers (at local, regional and international level) namely the IASB, World Bank, IMF, practitioners and users, giving them the necessary insight into the financial reporting environment and the state’s attitude towards accounting transparency. Most importantly, this book contributes to military and democratic political regimes and the Max Weberian view of the theory of the role of the state’s attitude towards accounting transparency.
Author | : Chandra Kanodia |
Publisher | : Now Publishers Inc |
Total Pages | : 105 |
Release | : 2007 |
Genre | : Business & Economics |
ISBN | : 1601980620 |
Download Accounting Disclosure and Real Effects Book in PDF, ePub and Kindle
Kanodia presents a new approach to the study of accounting measurement that argues that how firms' economic transactions, earnings, and capital flows are measured and reported to the capital markets has substantial effects on the firms' real decisions and on the allocation of resources.