Examining the phenomenon of rounding in analysts’ EPS forecasts: Evidence from Singapore

• Main Author: GOH, Clarence
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2021
• Subjects: Earnings per share (EPS); Analyst forecasts; Singapore; Accounting; Asian Studies; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/soa_research/1963; https://ink.library.smu.edu.sg/context/soa_research/article/2990/viewcontent/Examining_the_phenomenon__1_.pdf
• Institution: Singapore Management University

Prior studies have documented the phenomenon of rounding of analysts' earnings per share (EPS) forecasts in the USA. From the outset, it is unclear if analysts following Singapore firms also similarly engage in the rounding of their EPS forecasts. This study aims to investigate the extent to which analysts engage in rounding of EPS forecasts of firms listed on the Singapore Exchange.