The Role of Analysts’ Forecasts in Accounting-based Valuation: A Critical Evaluation
This paper critically evaluates the use of analysts forecasts in accounting-based valuation. Specifically, I assess the usefulness and the limitation of analysts forecasts in predicting future earnings and in explaining the market-to-book ratio, in light of a comprehensive set of 22 explicit informa...
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| Main Author: | |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2005
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| Online Access: | https://ink.library.smu.edu.sg/soa_research/830 https://ink.library.smu.edu.sg/context/soa_research/article/1829/viewcontent/SSRN_id556548.pdf |
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| Institution: | Singapore Management University |
| Language: | English |