Abstract
Based on the financial data of firms listed in Taiwan Stock Exchange and EPS forecasts from security companies for the listed firms, we explore the effects of analyst characteristics on the accuracy of earnings forecasts, and then discuss if these effects would generate different outcomes under different market environment, nationality of analysts, and industry attributes. The empirical results show that analyst characteristics proposed are important factors to explain the variations of EPS forecast accuracy. Also, the empirical results can make investors in the market clearer about under which circumstances and factors analysts' earnings forecasts would be more accurate so as to avoid making undesirable investment decisions due to incorrect data of earnings forecasts.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callSimilar Papers
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
