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The Persistence and Forecast Accuracy of Earnings Components in the USA and Japan

✍ Scribed by Don Herrmann; Tatsuo Inoue; Wayne B. Thomas


Book ID
108516428
Publisher
John Wiley and Sons
Year
2000
Tongue
English
Weight
121 KB
Volume
11
Category
Article
ISSN
0954-1314

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## Abstract This paper identifies and analyses previously published studies on annual earnings forecasts. Comparisons of forecasts produced by management, analysts, and extrapolative techniques indicated that: (1) management forecasts were superior to professional analyst forecasts (the mean absolu