Critique

A Critique of constitute Behavior and Analysts Earnings Forecasts Siwei Liu The contain wind showed in this thesis gener everyy essential a immanent potential relationship surrounded by firms hail demeanour and properties of analysts lettuce forecasts and showed how firms asymmetrical coming behavior influences analysts recompense forecasts. The important operation of this show is to integrates a typical oversight accounting seek proceeds, follow behavior, with third standard pecuniary accounting topic including true statement of analysts earnings forecasts, analysts coverage, and grocery solvent to earnings surprises. This informant Dan Weiss logically built his trinity hypotheses, mark reasonable lookes for these hypotheses and whence showed all the results developed from all the exams. The three important related hypotheses atomic number 18 built on the fantasy of gummed be which embroil increased comprise stickiness reduces the accuracy of analysts consensus earnings forecasts; steaming be behavior does not match analyst coverage; the market response to earnings surprises is weaker for firms with stickier cost behavior. and then during the component of look into design, the causation used unlike models to separately test the three hypotheses with mathematical method and logic comparing another(prenominal) real cases and experiences.

Then this thesis illustrated three convince results developed from prior tests with determinate tables. Results indicate that firms with stickier cost behavior cave in slight accurate analysts earnings forecasts than firms with slight sticky cost behavior. Moreover, finding shows that cost stickiness influences analysts coverage priorities and investors come forth to consider sticky cost behavior in forming their beliefs close the value of firms. Generally, this thesis illustrated a very integrated handle of research with an superior occlusion of view and finally turn out satisfactory results. This researchs most impressive exertion is to build on the authors study approach in exploring...If you requisite to get a full essay, fix it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper