Accuracy of management and security analysts' forecasts: Additional evidence
This paper provides further support for findings in studies by Basi, Carey, and Twark [2] and Ruland [5] which indicated no statistically significant superiority of management over analysts in forecasting earnings per share. These somewhat surprising findings are seen to flow from several possible s...
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Veröffentlicht in: | Journal of business research 1979, Vol.7 (2), p.109-115 |
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container_title | Journal of business research |
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creator | Barefield, Russell M. Comiskey, Eugene E. McDonald, Charles L. |
description | This paper provides further support for findings in studies by Basi, Carey, and Twark [2] and Ruland [5] which indicated no statistically significant superiority of management over analysts in forecasting earnings per share. These somewhat surprising findings are seen to flow from several possible sources. Lack of superior management forecasting performance may reflect (1) a considerable sharing of the forecast or forecast-related information by management with analysts, or (2) firm-specific data (to which management is more privy) may be less important in forecasting performance than data on economy-wide movements. |
doi_str_mv | 10.1016/0148-2963(79)90001-8 |
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These somewhat surprising findings are seen to flow from several possible sources. Lack of superior management forecasting performance may reflect (1) a considerable sharing of the forecast or forecast-related information by management with analysts, or (2) firm-specific data (to which management is more privy) may be less important in forecasting performance than data on economy-wide movements.</description><subject>Accuracy</subject><subject>Analysts</subject><subject>Earnings per share</subject><subject>Economics</subject><subject>Forecasting</subject><subject>Forecasts</subject><subject>Management</subject><subject>Statistical analysis</subject><subject>Studies</subject><issn>0148-2963</issn><issn>1873-7978</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1979</creationdate><recordtype>article</recordtype><sourceid>X2L</sourceid><recordid>eNp9kMtOwzAQRS0EEqXwBywiNsAiYMeNHyyQqopHpUpsurccewyumqTYaaX8PQ5BXbK4ssdz72h8ELom-IFgwh4xmYm8kIzecXkvMcYkFydoQgSnOZdcnKLJ0XKOLmLcJE-BsZig1dyYfdCmz1qX1brRn1BD02W6sVmE1PJdnwq97WMXbzPXBjA6XZ-yubW-821qZXDwFhoDl-jM6W2Eq79zitavL-vFe776eFsu5qvcUMm7HCrNSmexdBgzqCxjxIHWJZe0Yq4oS2MrqytaGCGws5Jaig3hjNFZJQ3QKboZx-5C-72H2KlNuw9pkahI-iGRgotkmo0mE9oYAzi1C77WoVcEq4GaGpCoAYniUv1SU0NsOcYC7MAcMwCwqQJEUAdFNU_qk4hMSap9UpG0G56wVISU6qur06zncRYkFgcPQUXjB07WJ4qdsq3_f5kfHuKNfQ</recordid><startdate>1979</startdate><enddate>1979</enddate><creator>Barefield, Russell M.</creator><creator>Comiskey, Eugene E.</creator><creator>McDonald, Charles L.</creator><general>Elsevier Inc</general><general>Elsevier</general><general>Elsevier Sequoia S.A</general><scope>DKI</scope><scope>X2L</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>1979</creationdate><title>Accuracy of management and security analysts' forecasts: Additional evidence</title><author>Barefield, Russell M. ; Comiskey, Eugene E. ; McDonald, Charles L.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c397t-eba65fd09f006ebd661feaa5793b6f255cdbdab32c880fd93d30c176634b9ce3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1979</creationdate><topic>Accuracy</topic><topic>Analysts</topic><topic>Earnings per share</topic><topic>Economics</topic><topic>Forecasting</topic><topic>Forecasts</topic><topic>Management</topic><topic>Statistical analysis</topic><topic>Studies</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Barefield, Russell M.</creatorcontrib><creatorcontrib>Comiskey, Eugene E.</creatorcontrib><creatorcontrib>McDonald, Charles L.</creatorcontrib><collection>RePEc IDEAS</collection><collection>RePEc</collection><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Journal of business research</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Barefield, Russell M.</au><au>Comiskey, Eugene E.</au><au>McDonald, Charles L.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Accuracy of management and security analysts' forecasts: Additional evidence</atitle><jtitle>Journal of business research</jtitle><date>1979</date><risdate>1979</risdate><volume>7</volume><issue>2</issue><spage>109</spage><epage>115</epage><pages>109-115</pages><issn>0148-2963</issn><eissn>1873-7978</eissn><abstract>This paper provides further support for findings in studies by Basi, Carey, and Twark [2] and Ruland [5] which indicated no statistically significant superiority of management over analysts in forecasting earnings per share. 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language | eng |
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source | RePEc; Elsevier ScienceDirect Journals |
subjects | Accuracy Analysts Earnings per share Economics Forecasting Forecasts Management Statistical analysis Studies |
title | Accuracy of management and security analysts' forecasts: Additional evidence |
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