Three essays on financial analysis
160 p.
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2011
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| Online Access: | https://hdl.handle.net/10356/47359 |
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sg-ntu-dr.10356-473592024-01-12T10:20:43Z Three essays on financial analysis Li, Yuan Hwang Chuan Yang Nanyang Business School DRNTU::Business::Accounting::Financial statements and analysis 160 p. This thesis includes three essays on financial analysts. We propose an ex ante measure of an analyst's ability to produce private information (PPI), based on how little the analyst's forecast revisions are correlated with prior stock price changes. We find that earnings forecasts issued by analysts with higher PPI are more accurate, timelier, bolder, and have greater stock price impacts. We also find evidence that, compared to other ex ante measures of analyst ability, PPI is incrementally useful and has the greatest power in identifying superior analysts. In addition, using PPI, we find that Regulation Fair Disclosure not only equalizes the access of analysts to managerial information, but also encourages their private information production. DOCTOR OF PHILOSOPHY (NBS) 2011-12-27T07:17:58Z 2011-12-27T07:17:58Z 2010 2010 Thesis Li, Y. (2010). Three essays on financial analysis. Doctoral thesis, Nanyang Technological University, Singapore. https://hdl.handle.net/10356/47359 10.32657/10356/47359 Nanyang Technological University application/pdf |
| institution |
Nanyang Technological University |
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NTU Library |
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Asia |
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Singapore Singapore |
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NTU Library |
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DR-NTU |
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DRNTU::Business::Accounting::Financial statements and analysis |
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DRNTU::Business::Accounting::Financial statements and analysis Li, Yuan Three essays on financial analysis |
| description |
160 p. |
| author2 |
Hwang Chuan Yang |
| author_facet |
Hwang Chuan Yang Li, Yuan |
| format |
Theses and Dissertations |
| author |
Li, Yuan |
| author_sort |
Li, Yuan |
| title |
Three essays on financial analysis |
| title_short |
Three essays on financial analysis |
| title_full |
Three essays on financial analysis |
| title_fullStr |
Three essays on financial analysis |
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Three essays on financial analysis |
| title_sort |
three essays on financial analysis |
| publishDate |
2011 |
| url |
https://hdl.handle.net/10356/47359 |
| _version_ |
1789483060057604096 |