Do Analysts and Investors Fully Understand the Persistence of the Items Excluded from Street Earnings?

• 主要作者: CHEN, Chih-Ying
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2010
• 主題: Accounting; Portfolio and Security Analysis
• 在線閱讀: https://ink.library.smu.edu.sg/soa_research/274; http://dx.doi.org/10.1007/s11142-008-9079-y

Previous research has found that the items that are included in GAAP earnings but excluded from Street earnings to allow the firm to meet or beat analyst earnings forecasts (“MBF exclusions”) are more persistent than the other excluded items. In this study, I find that the difference in the levels o...