A Comparison of Analysts' and Investors' Biases in Interpreting Accruals: A Valuation Approach

• المؤلفون الرئيسيون: Yoo, Yong Keun, Kang, Tony
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2007
• الموضوعات: Accounting; Finance and Financial Management; Portfolio and Security Analysis
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soa_research/194; http://dx.doi.org/10.1177/0148558X0702200303
• المؤسسة: Singapore Management University

Elgers, Lo, and Pfeiffer (2003) argue that analysts' earnings forecasts are less biased than the market's earnings expectation in interpreting accruals. Their argument implies that analysts' earnings forecasts could potentially mitigate the market's mispricing of accruals by guid...