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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Bibliographic Details
Main Authors: CATON, Gary L., CHAN, Justin S. P., GOH, Jeremy C., YANG, Sheng Yung
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2011
Subjects:
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