Consensus analysts' earnings forecasts and security returns

Asia Pacific Journal of Management

Volumn 13, Issue 2, 1996, Pages 101-110

  Aitken, Michael ^a   Frino, Alex ^a   Winn, Roland ^a  

^a UNIVERSITY OF SYDNEY   (Australia)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 2342552257     PISSN: 02174561     EISSN: 15729958     Source Type: Journal    
DOI: 10.1007/BF01733819     Document Type: Article

References (13)

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2. Brown, L D, Earnings forecasting research: Its implications for capital markets research, May 1993, unpublished manuscript.
3. Brown, P, Foster, G & Noreen, E, Security analyst multi-year earnings forecasts and the capital market, Studies in Accounting Research, 21.
4. Butler, K C & Lang, LHP, 1991, The forecast accuracy of individual analysts: Evidence of systematic optimism and pessimism, Journal of Accounting Research, vol 29, Spring, 150-6.
5. Givoly D & Lakonishok, J, 1979, The information content of financial analysts' forecasts of earnings: Some evidence on semi-strong efficiency, Journal of Accounting and Economics 1, 165-85.
6. Imhoff, E A & Lobo, G J, 1984, Information content of analysts' composite forecast revisions, Journal of Accounting Research 22, Autumn, 541-54.
7. Lys, T & Sohn, S, 1990, The association between revisions of financial analysts' earnings forecasts and security price changes, Journal of Accounting Economics 13, 341-63.
8. O'Brien, P C, 1988, Analysts forecasts as earnings expectations, Journal of Accounting and Economics 10, 53-83.
9. Schipper, K, 1991, Commentary on analysts' forecasts, Accounting Horizons vol 5, December, 105-21.
10. Stickel, Scott E, 1991, Common stock returns surrounding earnings forecast revisions: More puzzling evidence, The Accounting Review, 66(2), April, 402-46.
11. Stickel, Scott E, 1985, The effect of value line survey rank changes on common stock prices, Journal of Financial Economics 14, March, 121-43.
12. Stickel, Scott E, The timing of and incentives for annual earnings forecasts near interim earnings announcements, Journal of Accounting and Economics 11, 275-292.
13. White, K J, 1980, Using least squares to approximate unknown regression functions, International Economic Review 21, 143-62.