The Effect of Estimated Accuracy of Management Earning Forecasts on Post-earning Announcement Drift

This research examines the effects of estimated accuracy of forecast of ex-ante bundled management earnings on post-earning announcement drift. The model used in the study, first, takes earning forecast properties, including forecast ability, difficulty and environment, to provide estimation of earn...

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Autores principales:	Ali Rahmani, Nahaleh Hayati
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2016
Materias:	management earning forecast forecast properties under-reaction post-earning announcement drift Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/bf90dcb9ee664900a6fa0f4958c486f5
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spelling	oai:doaj.org-article:bf90dcb9ee664900a6fa0f4958c486f52021-11-04T19:50:47ZThe Effect of Estimated Accuracy of Management Earning Forecasts on Post-earning Announcement Drift2008-89142476-292X10.22103/jak.2016.1432https://doaj.org/article/bf90dcb9ee664900a6fa0f4958c486f52016-05-01T00:00:00Zhttps://jak.uk.ac.ir/article_1432_3d28bd9991973ad7e94aa880f5ecfa79.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XThis research examines the effects of estimated accuracy of forecast of ex-ante bundled management earnings on post-earning announcement drift. The model used in the study, first, takes earning forecast properties, including forecast ability, difficulty and environment, to provide estimation of earnings forecast accuracy. In the second stage, the model examines the effects of estimated forecast accuracy on post-earnings announcement drift. Study period is 2006 to 2012, and unbalanced panel data method is used for estimation of the models. The study results from the first stage showed that earnings forecast properties could significantly explain the management earnings forecast accuracy. The study results in second stage showed that adjusted abnormal returns cannot be explained by unexpected earnings. The findings are valid for bundled forecasts with no respect to forecasts accuracy, and will be held valid along with increasing accuracy of bundled forecasts.Ali RahmaniNahaleh HayatiShahid Bahonar University of Kermanarticlemanagement earning forecastforecast propertiesunder-reactionpost-earning announcement driftAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 7, Iss 24, Pp 7-40 (2016)
institution	DOAJ
collection	DOAJ
language	FA
topic	management earning forecast forecast properties under-reaction post-earning announcement drift Accounting. Bookkeeping HF5601-5689
spellingShingle	management earning forecast forecast properties under-reaction post-earning announcement drift Accounting. Bookkeeping HF5601-5689 Ali Rahmani Nahaleh Hayati The Effect of Estimated Accuracy of Management Earning Forecasts on Post-earning Announcement Drift
description	This research examines the effects of estimated accuracy of forecast of ex-ante bundled management earnings on post-earning announcement drift. The model used in the study, first, takes earning forecast properties, including forecast ability, difficulty and environment, to provide estimation of earnings forecast accuracy. In the second stage, the model examines the effects of estimated forecast accuracy on post-earnings announcement drift. Study period is 2006 to 2012, and unbalanced panel data method is used for estimation of the models. The study results from the first stage showed that earnings forecast properties could significantly explain the management earnings forecast accuracy. The study results in second stage showed that adjusted abnormal returns cannot be explained by unexpected earnings. The findings are valid for bundled forecasts with no respect to forecasts accuracy, and will be held valid along with increasing accuracy of bundled forecasts.
format	article
author	Ali Rahmani Nahaleh Hayati
author_facet	Ali Rahmani Nahaleh Hayati
author_sort	Ali Rahmani
title	The Effect of Estimated Accuracy of Management Earning Forecasts on Post-earning Announcement Drift
title_short	The Effect of Estimated Accuracy of Management Earning Forecasts on Post-earning Announcement Drift
title_full	The Effect of Estimated Accuracy of Management Earning Forecasts on Post-earning Announcement Drift
title_fullStr	The Effect of Estimated Accuracy of Management Earning Forecasts on Post-earning Announcement Drift
title_full_unstemmed	The Effect of Estimated Accuracy of Management Earning Forecasts on Post-earning Announcement Drift
title_sort	effect of estimated accuracy of management earning forecasts on post-earning announcement drift
publisher	Shahid Bahonar University of Kerman
publishDate	2016
url	https://doaj.org/article/bf90dcb9ee664900a6fa0f4958c486f5
work_keys_str_mv	AT alirahmani theeffectofestimatedaccuracyofmanagementearningforecastsonpostearningannouncementdrift AT nahalehhayati theeffectofestimatedaccuracyofmanagementearningforecastsonpostearningannouncementdrift AT alirahmani effectofestimatedaccuracyofmanagementearningforecastsonpostearningannouncementdrift AT nahalehhayati effectofestimatedaccuracyofmanagementearningforecastsonpostearningannouncementdrift
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The Effect of Estimated Accuracy of Management Earning Forecasts on Post-earning Announcement Drift

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