Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/310505 
Year of Publication: 
2012
Citation: 
[Journal:] Journal of Accounting and Management Information Systems (JAMIS) [ISSN:] 2559-6004 [Volume:] 11 [Issue:] 4 [Year:] 2012 [Pages:] 532-544
Publisher: 
Bucharest University of Economic Studies, Bucharest
Abstract: 
The purpose of this paper is to explore the effect of the use of fair value on analysts' forecasts accuracy for companies listed on Bucharest Stock Exchange (BSE). As the ongoing debates in the international accounting literature tend to favor fare value against the historical cost and conservatism model, we focus on the impact of the measures of these competing accounting behaviors. Based on a sample of 266 firm-month observations (predictions made in 2008 for 2009 and 2010), the paper shows that, for Romanian listed companies, forecast errors for earnings per share reported under local GAAP are positively correlated with a conservative approach and negatively associated with fair value based accounting policies.
Subjects: 
analysts' forecast accuracy
accounting policies
conservatism
fair value
JEL: 
M41
G17
Creative Commons License: 
cc-by Logo
Document Type: 
Article

Files in This Item:
File
Size
131.66 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.