Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/310464 
Autor:innen: 
Erscheinungsjahr: 
2011
Quellenangabe: 
[Journal:] Journal of Accounting and Management Information Systems (JAMIS) [ISSN:] 2559-6004 [Volume:] 10 [Issue:] 3 [Year:] 2011 [Pages:] 318-325
Verlag: 
Bucharest University of Economic Studies, Bucharest
Zusammenfassung: 
This paper seeks to explore the properties of analysts' forecast accuracy for companies listed on Bucharest Stock Exchange (BSE). Based on a sample of 266 firm-month observations (predictions made in 2008 for 2009 and 2010), the paper investigates several firm-specific factors documented by the literature to have a significant impact on forecast accuracy, and shows that for Romanian listed companies, forecast errors for earnings per share reported under local GAAP are negatively correlated with the size of the firm and the corporate governance policies. The results are convergent with those documented in international contexts, showing that larger firms as well as those which are better governed are more likely to provide additional disclosures, and thus increase forecast accuracy.
Schlagwörter: 
Properties of analysts' forecast
corporate governance
information environment
JEL: 
M41
G17
G10
Creative-Commons-Lizenz: 
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