An analysis of Japanese earnings forecast revisions with application to seasoned equity offerings
Using the bootstrap method, we explore the characteristics of revisions in Japanese earnings forecast data. We find that forecast revisions exhibit a downward trend over time as the actual earnings announcement date approaches, and are serially correlated with three significant lags. Using these cha...
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Main Authors: | , , , |
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Format: | text |
Language: | English |
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Institutional Knowledge at Singapore Management University
2011
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Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/6684 https://ink.library.smu.edu.sg/context/lkcsb_research/article/7683/viewcontent/Japanese_Earnings_Forecast_2011_av.pdf |
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Institution: | Singapore Management University |
Language: | English |