The Role of Analysts’ Forecasts in Accounting-based Valuation: A Critical Evaluation

• المؤلف الرئيسي: CHENG, Qiang
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2005
• الموضوعات: accounting-based valuation; earnings; analysts forecasts; market-to-book ratios; Accounting; Corporate Finance
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soa_research/830; https://ink.library.smu.edu.sg/context/soa_research/article/1829/viewcontent/SSRN_id556548.pdf
• المؤسسة: Singapore Management University

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...