Are analysts' cash flow forecasts naïve extensions of their own earnings forecasts?

We examine the sophistication of analysts' cash flow forecasts to better understand what accrual adjustments, if any, analysts make when forecasting cash flows. As a preliminary step, we first demonstrate that prior empirical tests used to evaluate the sophistication of analysts' cash flow...

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Bibliographic Details
Main Authors: Call, Andrew C., Chen, Shuping, Tong, Yen Hee
Other Authors: Nanyang Business School
Format: Article
Language:English
Published: 2013
Online Access:https://hdl.handle.net/10356/99791
http://hdl.handle.net/10220/17595
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Institution: Nanyang Technological University
Language: English