메뉴 건너뛰기




Volumn 16, Issue 1, 2002, Pages 27-41

The use of target prices to justify sell-side analysts' stock recommendations

Author keywords

Earnings forecasts; Long term growth; PEG; Price to earnings ratios; Sellside financial analysts; Stock recommendations; Target prices; Valuation

Indexed keywords


EID: 0142220646     PISSN: 08887993     EISSN: 15587975     Source Type: Journal    
DOI: 10.2308/acch.2002.16.1.27     Document Type: Article
Times cited : (149)

References (23)
  • 1
    • 0030213196 scopus 로고    scopus 로고
    • Value-relevance of non-financial information: The wireless communications industry
    • Amir, E., and B. Lev. 1996. Value-relevance of non-financial information: The wireless communications industry. Journal of Accounting and Economics 22 (1-3): 3-30.
    • (1996) Journal of Accounting and Economics , vol.22 , Issue.1-3 , pp. 3-30
    • Amir, E.1    Lev, B.2
  • 2
    • 0005643592 scopus 로고
    • Analysts' use of earnings forecasts in predicting stock returns: Forecast horizon effects
    • Bandyopadhyay, S. P., L. D. Brown, and G. D. Richardson. 1995. Analysts' use of earnings forecasts in predicting stock returns: Forecast horizon effects. International Journal of Forecasting 11: 429-445.
    • (1995) International Journal of Forecasting , vol.11 , pp. 429-445
    • Bandyopadhyay, S.P.1    Brown, L.D.2    Richardson, G.D.3
  • 3
    • 0346723421 scopus 로고    scopus 로고
    • The role of dividends in valuation models used by analysts and fund managers
    • Barker, R. G. 1999. The role of dividends in valuation models used by analysts and fund managers. The European Accounting Review 8: 195-218.
    • (1999) The European Accounting Review , vol.8 , pp. 195-218
    • Barker, R.G.1
  • 4
    • 0001063076 scopus 로고
    • Financial analysts' information search in the assessment of corporate earnings power
    • Biggs, S. F. 1984. Financial analysts' information search in the assessment of corporate earnings power. Accounting, Organizations and Society 9 (3/4): 313-323.
    • (1984) Accounting, Organizations and Society , vol.9 , Issue.3-4 , pp. 313-323
    • Biggs, S.F.1
  • 6
    • 0001822953 scopus 로고
    • How do financial analysts make decisions? A process model of the investment screening decision
    • Bouwman, M. J., P. A. Frishkoff, and P. Frishkoff. 1987. How do financial analysts make decisions? A process model of the investment screening decision. Accounting, Organizations and Society 12 (1): 1-29.
    • (1987) Accounting, Organizations and Society , vol.12 , Issue.1 , pp. 1-29
    • Bouwman, M.J.1    Frishkoff, P.A.2    Frishkoff, P.3
  • 8
    • 0001860341 scopus 로고
    • Nail your stock picks down with PEGs
    • (October 11)
    • Dorfman, J. R. 1991. Nail your stock picks down with PEGs. Wall Street Journal (October 11): C1.
    • (1991) Wall Street Journal
    • Dorfman, J.R.1
  • 9
    • 21344493717 scopus 로고
    • Analysts' decisions as products of a multi-task environment
    • Francis, J., and D. Philbrick. 1993. Analysts' decisions as products of a multi-task environment. Journal of Accounting Research 31: 216-230.
    • (1993) Journal of Accounting Research , vol.31 , pp. 216-230
    • Francis, J.1    Philbrick, D.2
  • 10
    • 0001386234 scopus 로고    scopus 로고
    • Accounting valuation, market expectation, and cross-sec- tional stock returns
    • Frankel, R., and C. M. C. Lee. 1998. Accounting valuation, market expectation, and cross-sec- tional stock returns. Journal of Accounting and Economics 25: 283-320.
    • (1998) Journal of Accounting and Economics , vol.25 , pp. 283-320
    • Frankel, R.1    Lee, C.M.C.2
  • 11
    • 0010772016 scopus 로고
    • The objectives of financial statements: An empirical study of the use of cash flow and earnings by security analysts
    • Govindarajan, V. 1980. The objectives of financial statements: An empirical study of the use of cash flow and earnings by security analysts. Accounting, Organizations and Society 5 (4): 383-392.
    • (1980) Accounting, Organizations and Society , vol.5 , Issue.4 , pp. 383-392
    • Govindarajan, V.1
  • 12
    • 0032262129 scopus 로고    scopus 로고
    • The impact of trading commission incentives on analysts' stock coverage decisions and earnings forecasts
    • Hayes, R. M. 1998. The impact of trading commission incentives on analysts' stock coverage decisions and earnings forecasts. Journal of Accounting Research 36: 299-320.
    • (1998) Journal of Accounting Research , vol.36 , pp. 299-320
    • Hayes, R.M.1
  • 13
    • 77249162486 scopus 로고    scopus 로고
    • Heard in the Northwest: Visio may have promise, despite slowdown as it builds sales force
    • Jones, S. D. 1999. Heard in the Northwest: Visio may have promise, despite slowdown as it builds sales force. Wall Street Journal (March 10): 2.
    • (1999) Wall Street Journal (march , vol.10 , pp. 2
    • Jones, S.D.1
  • 14
    • 0001250001 scopus 로고    scopus 로고
    • Underwriting relationships, analysts' earnings forecasts and investment recommendations
    • Lin, H., and M. F. McNichols. 1998. Underwriting relationships, analysts' earnings forecasts and investment recommendations. Journal of Accounting and Economics 25: 101-127.
    • (1998) Journal of Accounting and Economics , vol.25 , pp. 101-127
    • Lin, H.1    McNichols, M.F.2
  • 15
  • 17
  • 19
    • 34948909900 scopus 로고    scopus 로고
    • The guidance game
    • (December 21)
    • Schonfeld, E. 1998. The guidance game. Fortune (December 21): 256-257.
    • (1998) Fortune , pp. 256-257
    • Schonfeld, E.1
  • 20
    • 77249120417 scopus 로고    scopus 로고
    • It's the end of the world as we know it, and I feel fine
    • Serwer, A. 1998. "It's the end of the world as we know it, and I feel fine." Fortune September 28: 317.
    • (1998) Fortune September , vol.28 , pp. 317
    • Serwer, A.1
  • 21
    • 77249148652 scopus 로고
    • Making the most of PEG as an investment measure
    • (December 23)
    • Slater, J. 1993. Making the most of PEG as an investment measure. The Independent-London (December 23): 3.
    • (1993) The Independent-london , pp. 3
    • Slater, J.1
  • 23
    • 0011183261 scopus 로고    scopus 로고
    • Do brokerage analysts' recommendations have investment value?
    • Womack, K. L. 1996. Do brokerage analysts' recommendations have investment value? The Journal of Finance (March): 137-167.
    • (1996) The Journal of Finance (march) , pp. 137-167
    • Womack, K.L.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.