메뉴 건너뛰기




Volumn 80, Issue 4, 2005, Pages 1193-1209

The role of biased earnings guidance in creating a healthy tension between managers and analysts

Author keywords

Analyst forecasts; Biases; Earnings guidance; Incentives

Indexed keywords


EID: 27844466704     PISSN: 00014826     EISSN: None     Source Type: Journal    
DOI: 10.2308/accr.2005.80.4.1193     Document Type: Review
Times cited : (23)

References (28)
  • 2
    • 0000526194 scopus 로고
    • Economically optimal performance and evaluation control systems
    • Baiman, S., and J. Demski. 1980. Economically optimal performance and evaluation control systems. Journal of Accounting Research 18 (Supplement): 184-220.
    • (1980) Journal of Accounting Research , vol.18 , Issue.SUPPL. , pp. 184-220
    • Baiman, S.1    Demski, J.2
  • 3
    • 0000044479 scopus 로고
    • Optimal contracts with a utility-maximizing auditor
    • -, J. H. Evans, and J. Noel. 1987. Optimal contracts with a utility-maximizing auditor. Journal of Accounting Research 25 (Autumn): 217-244.
    • (1987) Journal of Accounting Research , vol.25 , Issue.AUTUMN , pp. 217-244
    • Evans, J.H.1    Noel, J.2
  • 5
    • 12344267943 scopus 로고    scopus 로고
    • Loss function assumptions in rational expectations tests on financial analysts' earnings forecasts
    • Basu, S., and S. Markov. 2004. Loss function assumptions in rational expectations tests on financial analysts' earnings forecasts. Journal of Accounting and Economics 38 (December): 171-203.
    • (2004) Journal of Accounting and Economics , vol.38 , Issue.DECEMBER , pp. 171-203
    • Basu, S.1    Markov, S.2
  • 6
    • 27844572769 scopus 로고    scopus 로고
    • Asymmetric monitoring: Good versus bad news verification
    • Christensen, J., and J. Demski. 2004. Asymmetric monitoring: Good versus bad news verification. Schmalenbach Business Review 56 (July): 206-222.
    • (2004) Schmalenbach Business Review , vol.56 , Issue.JULY , pp. 206-222
    • Christensen, J.1    Demski, J.2
  • 7
    • 0000018537 scopus 로고    scopus 로고
    • Performance measure manipulation
    • Demski, J. 1998. Performance measure manipulation. Contemporary Accounting Research 15 (Fall): 261-285.
    • (1998) Contemporary Accounting Research , vol.15 , Issue.FALL , pp. 261-285
    • Demski, J.1
  • 8
    • 0001390826 scopus 로고
    • Communication and post-decision information
    • Dye, R. 1983. Communication and post-decision information. Journal of Accounting Research 21 (Autumn): 514-533.
    • (1983) Journal of Accounting Research , vol.21 , Issue.AUTUMN , pp. 514-533
    • Dye, R.1
  • 9
    • 1642309651 scopus 로고    scopus 로고
    • Reliability-relevance trade-offs and the efficiency of aggregation
    • -, and S. Sridhar. 2004. Reliability-relevance trade-offs and the efficiency of aggregation. Journal of Accounting Research 42 (March): 51-88.
    • (2004) Journal of Accounting Research , vol.42 , Issue.MARCH , pp. 51-88
    • Sridhar, S.1
  • 10
    • 0001936936 scopus 로고
    • Strategic considerations in auditing
    • Fellingham, J., and P. Newman. 1985. Strategic considerations in auditing. The Accounting Review 60 (October): 634-650.
    • (1985) The Accounting Review , vol.60 , Issue.OCTOBER , pp. 634-650
    • Fellingham, J.1    Newman, P.2
  • 11
    • 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 (Autumn): 216-230.
    • (1993) Journal of Accounting Research , vol.31 , Issue.AUTUMN , pp. 216-230
    • Francis, J.1    Philbrick, D.2
  • 12
    • 0035540338 scopus 로고    scopus 로고
    • Conservatism, optimal disclosure policy, and the timeliness of financial reports
    • Gigler, F., and T. Hemmer. 2001. Conservatism, optimal disclosure policy, and the timeliness of financial reports. The Accounting Review 76 (October): 471-493.
    • (2001) The Accounting Review , vol.76 , Issue.OCTOBER , pp. 471-493
    • Gigler, F.1    Hemmer, T.2
  • 13
    • 0001248404 scopus 로고
    • Accounting for stewardship
    • Gjesdal, F. 1981. Accounting for stewardship. Journal of Accounting Research 19 (Spring): 208-231.
    • (1981) Journal of Accounting Research , vol.19 , Issue.SPRING , pp. 208-231
    • Gjesdal, F.1
  • 14
    • 0037375980 scopus 로고    scopus 로고
    • Earnings skewness and analyst forecast bias
    • Gu, Z., and J. Wu. 2003. Earnings skewness and analyst forecast bias. Journal of Accounting and Economics 35 (April): 5-29.
    • (2003) Journal of Accounting and Economics , vol.35 , Issue.APRIL , pp. 5-29
    • Gu, Z.1    Wu, J.2
  • 15
    • 0032262129 scopus 로고    scopus 로고
    • The impact of trading commission incentives on analysts' stock coverage decisions and earnings forecasts
    • Hayes, R. 1998. The impact of trading commission incentives on analysts' stock coverage decisions and earnings forecasts. Journal of Accounting Research 36 (Fall): 299-320.
    • (1998) Journal of Accounting Research , vol.36 , Issue.FALL , pp. 299-320
    • Hayes, R.1
  • 16
    • 0034372684 scopus 로고    scopus 로고
    • Security analysts' career concerns and herding of earnings forecasts
    • Hong, H., J. Kubik, and A. Solomon. 2000. Security analysts' career concerns and herding of earnings forecasts. RAND Journal of Economics 31 (Spring): 121-144.
    • (2000) RAND Journal of Economics , vol.31 , Issue.SPRING , pp. 121-144
    • Hong, H.1    Kubik, J.2    Solomon, A.3
  • 19
    • 0000287595 scopus 로고    scopus 로고
    • Collusion under asymmetric information
    • Laffont, J., and D. Martimort. 1997. Collusion under asymmetric information. Econometrica 65 (July): 875-911.
    • (1997) Econometrica , vol.65 , Issue.JULY , pp. 875-911
    • Laffont, J.1    Martimort, D.2
  • 20
    • 0038845431 scopus 로고    scopus 로고
    • Rationality and analysts' forecast bias
    • Lim, T. 2001. Rationality and analysts' forecast bias. Journal of Finance 56: 369-385.
    • (2001) Journal of Finance , vol.56 , pp. 369-385
    • Lim, T.1
  • 21
    • 0035598330 scopus 로고    scopus 로고
    • The effect of missing a quarterly earnings benchmark on the CEO's annual bonus
    • Matsunaga, S., and C. Park. 2001. The effect of missing a quarterly earnings benchmark on the CEO's annual bonus. The Accounting Review 76 (July): 313-332.
    • (2001) The Accounting Review , vol.76 , Issue.JULY , pp. 313-332
    • Matsunaga, S.1    Park, C.2
  • 22
    • 0033240446 scopus 로고    scopus 로고
    • Does forecast accuracy matter to security analysts?
    • Mikhail, M., B. Walther, and R. Willis. 1999. Does forecast accuracy matter to security analysts? The Accounting Review 74 (April): 185-200.
    • (1999) The Accounting Review , vol.74 , Issue.APRIL , pp. 185-200
    • Mikhail, M.1    Walther, B.2    Willis, R.3
  • 23
    • 0001528028 scopus 로고
    • Cost allocation in multi-agent settings
    • Rajan, M. 1992. Cost allocation in multi-agent settings. The Accounting Review 67 (July): 527-545.
    • (1992) The Accounting Review , vol.67 , Issue.JULY , pp. 527-545
    • Rajan, M.1
  • 24
    • 11244287728 scopus 로고    scopus 로고
    • The walk-down to beatable analyst forecasts: The role of equity issuance and insider trading incentives
    • Richardson, S., S. Teoh, and P. Wysocki. 2004. The walk-down to beatable analyst forecasts: The role of equity issuance and insider trading incentives. Contemporary Accounting Research 21 (Winter): 885-925.
    • (2004) Contemporary Accounting Research , vol.21 , Issue.WINTER , pp. 885-925
    • Richardson, S.1    Teoh, S.2    Wysocki, P.3
  • 25
    • 21344488343 scopus 로고
    • Information acquisition in a tax compliance game
    • Sansing, R. 1993. Information acquisition in a tax compliance game. The Accounting Review 68 (October): 874-884.
    • (1993) The Accounting Review , vol.68 , Issue.OCTOBER , pp. 874-884
    • Sansing, R.1
  • 27
    • 0034367589 scopus 로고    scopus 로고
    • Herding among security analysts
    • Welch, I. 2000. Herding among security analysts. Journal of Financial Economics 58 (December): 369-396.
    • (2000) Journal of Financial Economics , vol.58 , Issue.DECEMBER , pp. 369-396
    • Welch, I.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.