Rounding of Analyst Forecasts

We find that analyst forecasts of earnings per share occur in nickel intervals at a much greater frequency than do actual earnings per share. Analysts who round their earnings per share forecasts to nickel intervals exhibit characteristics of analysts who are less informed, exert less effort, and ha...

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Veröffentlicht in:	The Accounting review 2005-07, Vol.80 (3), p.805-823
Hauptverfasser:	Herrmann, Don, Thomas, Wayne B.
Format:	Artikel
Sprache:	eng
Schlagworte:	Accuracy Analytical forecasting Brokerage industry Brokerages Business studies Earnings Earnings forecasting Earnings per share Economic expectations Economic forecasts Empirical research Financial analysis Forecasting models Forecasting standards Range errors Regression analysis Statistical analysis Statistical forecasts Stock exchange Stock prices Studies
Online-Zugang:	Volltext
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