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

• 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
• Institution: Nanyang Technological University

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...