Does Similarity of Local GAAP to U.S. GAAP Explain Analysts' Forecast Accuracy?

• Main Authors: Guan, Yuyan, Hope, Ole-Kristian, Kang, Tony
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2006
• Subjects: Accounting; Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/soa_research/158; http://www.af.polyu.edu.hk/jcae_af/abstractsfiles/vol02no2.html#02
• Institution: Singapore Management University

This paper examines the relation between analysts’ earnings forecast accuracy and the closeness of local GAAP to US GAAP. We adopt the convergence scores developed in Bradshaw et al. (2004) to measure the closeness between local GAAP and US GAAP. Controlling for other factors that may affect forecas...