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Meeting or Beating Analysts Forecasts: Empirical Evidence of Firms Characteristics, and Persistence Patterns
DC Field | Value | Language |
---|---|---|
dc.contributor.author | CHOI, TAE H. | - |
dc.date.accessioned | 2012-03-21T07:31:42Z | - |
dc.date.available | 2012-03-21T07:31:42Z | - |
dc.date.issued | 2010-12 | - |
dc.identifier.citation | Seoul Journal of Business, Vol.16 No.2, pp. 3-38 | - |
dc.identifier.issn | 1226-9816 | - |
dc.identifier.uri | https://hdl.handle.net/10371/75576 | - |
dc.description.abstract | Focusing on the MBE (meeting or beating analysts forecast) phenomenon,
this study primarily investigates the way market responds to a firms repeated MBE and to its first failure to meet analysts forecast after a long string of MBE. The paper also asks whether the markets reaction to the MBE patterns has changed after the regulatory reform including the Sarbanes-Oxley Act and investigates the properties of habitual MBE firms. The results show the market rewards persistent MBE firms and that it seems to efficiently interpret a systematic portion of earnings surprise for habitual beaters. They also document that the post-SOX stock market premium to MBE has not completely diminished and that MBE patterns are strongly associated with firm characteristics. | - |
dc.language.iso | en | - |
dc.publisher | College of Business Administration (경영대학) | - |
dc.subject | Analysts’ forecasts | - |
dc.subject | earnings management | - |
dc.subject | forecast management | - |
dc.subject | Sarbanes-Oxley Act | - |
dc.subject | firm characteristics | - |
dc.title | Meeting or Beating Analysts Forecasts: Empirical Evidence of Firms Characteristics, and Persistence Patterns | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | 최태희 | - |
dc.citation.journaltitle | Seoul Journal of Business | - |
dc.citation.endpage | 38 | - |
dc.citation.number | 2 | - |
dc.citation.pages | 3-38 | - |
dc.citation.startpage | 3 | - |
dc.citation.volume | 16 | - |
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