... by Mark T. Bradshaw, under the Senior Editorship of Mary E. Barth. 25 10 2021 10 03 2023 15 03 2023 2023 financial statement benchmarking peer benchmarking analyst forecasts CEO compensation peer-based valuation XBRL This study proposes a new measure...

... of Mark L. DeFond. September 2016 April 2019 2020 limited attention analyst forecasts earnings announcements clustering Our study contributes to the capital market research on limited attention. Prior research examines how clustered information events (e.g., earnings...

... evidence of a reversal in pessimism in the spring. Additional analyses show that analyst forecasts exhibit less seasonality than equity returns, and that the presence of analyst forecasts in the fall is associated with attenuation in the seasonal pattern in stock returns. Overall, the evidence suggests...

... cross-sectional consistency is also associated with greater analyst coverage, more accurate analyst forecasts, decreased dispersion in analyst forecasts, and stronger stock return synchronicity. Data Availability: The accounting consistency measures developed in this study are available upon request...

... analyst forecasts as additional benchmarks in evaluating reported earnings because the consensus forecast underutilizes private information contained in individual analyst forecasts. We predict that measures reflecting such private information have incremental explanatory power over the consensus forecast...

... firms. Analysts do not generally incorporate tax-motivated loss shifting into their earnings forecasts, resulting in more negative analyst forecast errors for firms with tax-based incentives than for firms without. Holding earnings surprises constant, however, investors react less negatively to losses...