메뉴 건너뛰기




Volumn 19, Issue 1, 2002, Pages 65-91

Financial analysts' forecast accuracy and dispersion: High-tech versus low-tech stocks

Author keywords

Accuracy; Analysts; Dispersion; High tech; Low tech

Indexed keywords


EID: 33646383019     PISSN: 0924865X     EISSN: 15737179     Source Type: Journal    
DOI: 10.1023/A:1015730325706     Document Type: Article
Times cited : (43)

References (36)
  • 1
    • 0003373103 scopus 로고
    • Analysts' Use of Information about Permanent and Transitory Earnings Components in Forecasting Annual EPS
    • Ali, A., A. Klein and J. Rosenfeld, "Analysts' Use of Information about Permanent and Transitory Earnings Components in Forecasting Annual EPS." The Accounting Review 67, 183-198, (1992).
    • (1992) The Accounting Review , vol.67 , pp. 183-198
    • Ali, A.1    Klein, A.2    Rosenfeld, J.3
  • 2
    • 0030213196 scopus 로고    scopus 로고
    • Value-Relevance of Non-Financial Information: The Wireless Communications Industry
    • Amir, E. and B. Lev, "Value-Relevance of Non-Financial Information: The Wireless Communications Industry." Journal of Accounting and Economics 22, 3-30, (1996).
    • (1996) Journal of Accounting and Economics , vol.22 , pp. 3-30
    • Amir, E.1    Lev, B.2
  • 3
    • 0022190340 scopus 로고
    • Aggregating Subjective Forecasts: Some Empirical Results
    • Ashton, A. H. and R. H. Ashton, "Aggregating Subjective Forecasts: Some Empirical Results." Management Science 31(12), 1499-1508, (1985).
    • (1985) Management Science , vol.31 , Issue.12 , pp. 1499-1508
    • Ashton, A.H.1    Ashton, R.H.2
  • 4
    • 0000952293 scopus 로고
    • Segment Earnings Disclosure and the Ability of Security Analysts to Forecast Earnings-Per-Share
    • Baldwin, B., "Segment Earnings Disclosure and the Ability of Security Analysts to Forecast Earnings-Per-Share." The Accounting Review 59(3), 376-389, (1984).
    • (1984) The Accounting Review , vol.59 , Issue.3 , pp. 376-389
    • Baldwin, B.1
  • 5
    • 45949121023 scopus 로고
    • Security Analysts Superiority Relative to Univariate Time-Series Models in Forecasting Quarterly Earnings
    • Brown, L. D., R. L. Hagerman, P. A. Griffin and M. E. Zmijewski, "Security Analysts Superiority Relative to Univariate Time-Series Models in Forecasting Quarterly Earnings." Journal of Accounting and Economics 9, 61-88, (1987a).
    • (1987) Journal of Accounting and Economics , vol.9 , pp. 61-88
    • Brown, L.D.1    Hagerman, R.L.2    Griffin, P.A.3    Zmijewski, M.E.4
  • 6
    • 0002003872 scopus 로고
    • An Information Interpretation of Financial Analyst Superiority in Forecasting Earnings
    • Brown, L. D., G. D. Richardson and S. J. Schwager, "An Information Interpretation of Financial Analyst Superiority in Forecasting Earnings." Journal of Accounting Research 22, 49-67, (1987b).
    • (1987) Journal of Accounting Research , vol.22 , pp. 49-67
    • Brown, L.D.1    Richardson, G.D.2    Schwager, S.J.3
  • 7
    • 84977386241 scopus 로고
    • The Superiority of Analyst Forecasts as Measures of Expectations: Evidence from Earnings
    • Brown, L. D. and M. S. Rozeff, "The Superiority of Analyst Forecasts as Measures of Expectations: Evidence from Earnings." Journal of Finance 33, 1-16, (1978).
    • (1978) Journal of Finance , vol.33 , pp. 1-16
    • Brown, L.D.1    Rozeff, M.S.2
  • 8
    • 0033163892 scopus 로고    scopus 로고
    • The Effect of Reporting Restructuring Charges on Analysts' Forecast Revisions and Errors
    • June
    • Chaney, P. K., C. E. Hogan and D. C. Jeter, "The Effect of Reporting Restructuring Charges on Analysts' Forecast Revisions and Errors." Journal of Accounting and Economics 27(3), June, 261-284, (1999).
    • (1999) Journal of Accounting and Economics , vol.27 , Issue.3 , pp. 261-284
    • Chaney, P.K.1    Hogan, C.E.2    Jeter, D.C.3
  • 10
    • 0001750756 scopus 로고
    • Predicting Earnings with Sub-Entry Data: Some Further Evidence
    • Collins, D. W., "Predicting Earnings with Sub-Entry Data: Some Further Evidence." Journal of Accounting Research, 163-177, (1976).
    • (1976) Journal of Accounting Research , pp. 163-177
    • Collins, D.W.1
  • 11
    • 0001567301 scopus 로고
    • A Multivariate Analysis of Annual Earnings Generated from Quarterly Forecasts of Financial Analysts and Univariate Time-Series models
    • Collins, W. A. and W. S. Hopwood, "A Multivariate Analysis of Annual Earnings Generated from Quarterly Forecasts of Financial Analysts and Univariate Time-Series models." Journal of Accounting Research 18, 390-406, (1980).
    • (1980) Journal of Accounting Research , vol.18 , pp. 390-406
    • Collins, W.A.1    Hopwood, W.S.2
  • 13
    • 0000450850 scopus 로고
    • Accounting Changes and Earnings Predictability
    • January
    • Elliott, J. A. and D. A. Philbrick, "Accounting Changes and Earnings Predictability." The Accounting Review, January, 157-174, (1990).
    • (1990) The Accounting Review , pp. 157-174
    • Elliott, J.A.1    Philbrick, D.A.2
  • 14
    • 84977342566 scopus 로고
    • Capital Asset Prices and the Temporal Resolution of Uncertainty
    • Epstein, L. G. and S. M. Turnbull, "Capital Asset Prices and the Temporal Resolution of Uncertainty." Journal of Finance 35, 627-643, (1980).
    • (1980) Journal of Finance , vol.35 , pp. 627-643
    • Epstein, L.G.1    Turnbull, S.M.2
  • 15
    • 84984207803 scopus 로고
    • Valuation and Clean Surplus Accounting for Operating and Financial Activities
    • Feltham, G. and J. Ohlson, "Valuation and Clean Surplus Accounting for Operating and Financial Activities." Contemporary Accounting Research, 661-688, (1995).
    • (1995) Contemporary Accounting Research , pp. 661-688
    • Feltham, G.1    Ohlson, J.2
  • 16
    • 0033235098 scopus 로고    scopus 로고
    • Have Financial Statements Lost Their Relevance?
    • Francis, J. and K. Schipper, "Have Financial Statements Lost Their Relevance?" Journal of Accounting Research 37(2), 319-352, (1999).
    • (1999) Journal of Accounting Research , vol.37 , Issue.2 , pp. 319-352
    • Francis, J.1    Schipper, K.2
  • 17
    • 0000531068 scopus 로고
    • The Formation of Earnings Expectations
    • Givoly, D., "The Formation of Earnings Expectations." The Accounting Review 60, 372-386, (1985).
    • (1985) The Accounting Review , vol.60 , pp. 372-386
    • Givoly, D.1
  • 18
    • 21344483498 scopus 로고
    • The Impact of the SEC's Segment Disclosure Requirement on Bid-Ask Spreads
    • Greenstein, M. and H. Sami, "The Impact of the SEC's Segment Disclosure Requirement on Bid-Ask Spreads." The Accounting Review 69(1), 179-199, (1994).
    • (1994) The Accounting Review , vol.69 , Issue.1 , pp. 179-199
    • Greenstein, M.1    Sami, H.2
  • 20
    • 0002623640 scopus 로고
    • The Effect of Sequential Information Releases on the Variance of Price Changes in an Intertemporal Multi-Asset Market
    • Holthausen, R. W. and R. E. Verrecchia, "The Effect of Sequential Information Releases on the Variance of Price Changes in an Intertemporal Multi-Asset Market." Journal of Accounting Research 26, 82-106, (1988).
    • (1988) Journal of Accounting Research , vol.26 , pp. 82-106
    • Holthausen, R.W.1    Verrecchia, R.E.2
  • 21
    • 0001402873 scopus 로고
    • The Effect of Ex Ante Earnings Uncertainty on Earnings Response Coefficients
    • Imhoff, E. A. and G. J. Lobo, "The Effect of Ex Ante Earnings Uncertainty on Earnings Response Coefficients." The Accounting Review, 427-439, (1992).
    • (1992) The Accounting Review , pp. 427-439
    • Imhoff, E.A.1    Lobo, G.J.2
  • 23
    • 0013467363 scopus 로고
    • Analysts' Use of Managerial Bonus Incentives in Forecasting Earnings
    • Kim, K. and D. Schroeder, "Analysts' Use of Managerial Bonus Incentives in Forecasting Earnings." Journal of Accounting and Economics, 3-23, (1990).
    • (1990) Journal of Accounting and Economics , pp. 3-23
    • Kim, K.1    Schroeder, D.2
  • 25
    • 0001359951 scopus 로고
    • Earnings Expectations: The Analysts' Information Advantage
    • Kross, W, B. Ro and D. Schroeder, "Earnings Expectations: The Analysts' Information Advantage." The Accounting Review 65(2), 461-476, (1990).
    • (1990) The Accounting Review , vol.65 , Issue.2 , pp. 461-476
    • Kross, W.1    Ro, B.2    Schroeder, D.3
  • 27
    • 84984251870 scopus 로고
    • Informativeness of Annual Reports for Firms in Financial Distress
    • Fall
    • Kwon, S. S. and J. J. Wild, "Informativeness of Annual Reports for Firms in Financial Distress." Contemporary Accounting Research 11(1-II), Fall, 331-351, (1994).
    • (1994) Contemporary Accounting Research , vol.11 , Issue.1-2 , pp. 331-351
    • Kwon, S.S.1    Wild, J.J.2
  • 28
    • 0038405445 scopus 로고    scopus 로고
    • The Impact of SFAS No. 14 Segment Information on Price Variability and Earnings Forecast Accuracy
    • Lobo, G. J., S. S. Kwon and G. A. Ndubizu, "The Impact of SFAS No. 14 Segment Information on Price Variability and Earnings Forecast Accuracy." Journal of Business Finance & Accounting 25(7, 8), 969-985, (1998).
    • (1998) Journal of Business Finance & Accounting , vol.25 , Issue.7-8 , pp. 969-985
    • Lobo, G.J.1    Kwon, S.S.2    Ndubizu, G.A.3
  • 29
    • 33846365735 scopus 로고
    • Evidence of Possible Underweighting Earnings-Related Information
    • Spring
    • Mendenhall, R., "Evidence of Possible Underweighting Earnings-Related Information." Journal of Accounting Research 29, Spring, 170-179, (1991).
    • (1991) Journal of Accounting Research , vol.29 , pp. 170-179
    • Mendenhall, R.1
  • 30
    • 0000167182 scopus 로고
    • Earnings, Book Values, and Dividends in Security Valuation
    • Ohlson, J., "Earnings, Book Values, and Dividends in Security Valuation." Contemporary Accounting Research, 689-732, (1995).
    • (1995) Contemporary Accounting Research , pp. 689-732
    • Ohlson, J.1
  • 31
    • 0001472943 scopus 로고
    • Valuation of the Firm: Effects of Uncertainty in a Market Context
    • Robichek, A. A. and S. C. Myers, "Valuation of the Firm: Effects of Uncertainty in a Market Context." Journal of Finance 21, 215-227, (1966).
    • (1966) Journal of Finance , vol.21 , pp. 215-227
    • Robichek, A.A.1    Myers, S.C.2
  • 32
    • 84944831991 scopus 로고
    • A Mean-Variance Synthesis of Corporate Financial Theory
    • Rubinstein, M. E., "A Mean-Variance Synthesis of Corporate Financial Theory." Journal of Finance 28, 167-181, (1973).
    • (1973) Journal of Finance , vol.28 , pp. 167-181
    • Rubinstein, M.E.1
  • 33
    • 0002453726 scopus 로고
    • The Impact of SEC Mandated Segment Data on Price Variability and Divergence of Beliefs
    • Swaminathan, S., "The Impact of SEC Mandated Segment Data on Price Variability and Divergence of Beliefs." The Accounting Review, 23-41, (1991).
    • (1991) The Accounting Review , pp. 23-41
    • Swaminathan, S.1
  • 34
    • 0008058903 scopus 로고
    • The Rapidity of Price Adjustments to Information
    • Verrecchia, R. E., "The Rapidity of Price Adjustments to Information." Journal of Accounting and Economics 2, 63-92, (1980).
    • (1980) Journal of Accounting and Economics , vol.2 , pp. 63-92
    • Verrecchia, R.E.1
  • 35
    • 0000095552 scopus 로고
    • Heteroskedasticity Consistent Covariance Matrix Estimator and a Direct Test of Heteroskedasticity
    • White, H., "Heteroskedasticity Consistent Covariance Matrix Estimator and a Direct Test of Heteroskedasticity." Econometrica 48, 817-838, (1980).
    • (1980) Econometrica , vol.48 , pp. 817-838
    • White, H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.