International diversification and analysts' forecast accuracy and bias

Accounting Review

Volumn 77, Issue 2, 2002, Pages 415-433

  Duru, Augustine ^a   Reeb, David M ^a  

^a AMERICAN UNIVERSITY   (United States)

Author keywords

Analysts' earnings forecasts; Corporate diversification; Forecast accuracy; Forecast bias; Internationalization

Indexed keywords

EID: 0036013274     PISSN: 00014826     EISSN: None     Source Type: Journal    
DOI: 10.2308/accr.2002.77.2.415     Document Type: Article

References (58)

1. Domestic accounting standards, international accounting standards, and the predictability of earnings
2. The predictive ability of geographic segment disclosures
3. Segment earnings disclosure and ability of security analysts to forecast earnings per share
4. Trading volume and different aspects of disagreement coincident with earnings announcements
5. International variation in accounting measurement rules and analysts' earnings forecast errors
6. Firm characteristics and analyst following
7. The valuation of the foreign income of U.S. multinational firms: A growth opportunities perspective
8. Security analyst superiority relative to univariate time-series models in forecasting quarterly earnings
9. An information interpretation of financial analyst superiority in forecasting earnings
10. Earnings forecasting research: Its implications for capital market research
11. Analyst forecasting errors: Additional evidence
12. A temporal analysis of earnings surprises: Profits versus losses
13. Analyst forecast accuracy: Do ability, resources, and portfolio complexity matter?
14. Predicting earnings with subentity data: Some further evidence
15. Earnings predictability and bias in analysts' earnings forecasts
16. Accuracy, bias, and dispersion in analysts' earnings forecasts: The case of cross-listed foreign firms
17. The relation between analysts' long-term earnings forecasts and stock price performance following equity offerings
18. Earnings manipulation to exceed thresholds
19. Analyst reaction to negative earnings for large well-known firms
20. The effect of investment banking relationships on financial analysts' earnings forecasts and investment recommendations
21. Inefficiency in analysts' earnings forecasts: Systematic misreaction or systematic optimism?
22. Financial reporting for segments of a business enterprise
23. Disclosures about segments of an enterprise and related information
24. Quarterly accounting data: Time-series properties and predictive-ability results
25. The underinvestment problem and corporate derivative use
26. The association between the level of international diversification and risk
27. The accuracy of financial analysts forecasts after mergers
28. The impact of trading commission incentives on stock coverage and earnings forecast decisions by security analysts
29. An analysis of segment disclosures under SFAS No. 131 and SFAS No. 14
30. Loss firms and analysts' earnings forecast errors
31. Analysts' interim earnings forecasts: Evidence on the forecasting process
32. Predicting earnings: Entity vs. sub-entity data
33. Foreign direct investment as a sequential process
34. Earnings expectations: The analysts' information advantage
35. Corporate disclosure policy and analyst behavior
36. Rationality and analysts' bias
37. Underwriting relationships, analysts' earnings forecasts and investment recommendations
38. Analysts' forecast precision as a response to competition
39. Management's incentive to avoid negative earnings surprises
40. Self selection and analyst coverage
41. Earnings forecast accuracy and geographic segment disclosures
42. Analyst following and institutional ownership
43. Systematic risk in the multinational corporation
44. Forecasting earnings using geographic segment data: Some U.K. evidence
45. Analysts' forecasts
46. Financial structure and the cost of capital in the multinational corporation
47. Measuring the degree of internationalization of a firm
48. A test of the market's mispricing of domestic and foreign earnings
49. A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity
50. The relevance of characteristics of information environment in the selection of a proxy for the market's expectations for earnings: An extension of Brown, Richardson, and Schwager [1987]