scholarly journals Evaluation of Management Earnings Forecast Error and Information Content of Accruals: Listed Companies in Tehran Stock Exchange

2012 ◽  
Author(s):  
Mehdi Moradzadehfard ◽  
Hemad nazari ◽  
Zahra Alipur Darvish ◽  
keramat heydari
Keyword(s):  
Information Content ◽  
Stock Exchange ◽  
Forecast Error ◽  
Listed Companies ◽  
Earnings Forecast ◽  
Management Earnings Forecast

scholarly journals Evaluation of Management Earnings Forecast Error and Information Content of Accruals: Listed Companies in Tehran Stock Exchange

2013 ◽  
Vol 4 (4) ◽  
pp. 119-129
Author(s):  
Mehdi Moradzadehfard
Keyword(s):  
Information Content ◽  
Stock Exchange ◽  
Forecast Error ◽  
Negative Relationship ◽  
Discretionary Accruals ◽  
Earnings Forecast ◽  
Management Forecasts ◽  
Management Forecast ◽  
Significant Negative Relationship ◽  
Management Earnings Forecast

Aim of this study is studying relation of management earnings forecast error and information content of accruals. Thus, the sample consists of 71 companies were selected for the period 2003-2011. In this study discretionary accruals is used as independent variables. The results suggest that there is a significant negative relationship between earnings management forecast error and the total discretionary accruals. These results indicate that other assumptions that management forecasts for financing through equity or debt generates a significant positive relationship between positive accruals and management earnings forecast error. In addition, through equity or debt financing outlook, there is no significant relationship between earnings forecast error and negative accruals.

scholarly journals The incremental information content of half-yearly earnings data releases by South African companies

1986 ◽  
Vol 17 (3) ◽  
pp. 130-138
Author(s):  
R. F. Knight ◽  
J. F. Affleck-Graves
Keyword(s):  
Information Content ◽  
Stock Exchange ◽  
Investment Strategy ◽  
Good News ◽  
Earnings Forecast ◽  
Forecast Errors ◽  
Johannesburg Stock Exchange ◽  
News Announcements ◽  
Incremental Information ◽  
Annual Earnings

In this article the information content of half-yearly earnings announcements is examined. Both annual and interim announcements are examined using the Abnormal Performance Index (API) methodology and it is shown that both sets of announcements provide incremental information. The results obtained indicate that, on average, the second-half announcements prove more informative than the second-half reports. Nevertheless, the first-half reports are still shown to provide significant incremental information. In addition, the results obtained are consistent with previous results in the sense that the API plots indicate asymmetrical behaviour with respect to 'good news' and 'bad news' announcements. Finally, it is shown that an investment strategy based on a foreknowledge of half-yearly earnings forecast errors provides higher returns than a similar strategy based on annual earnings forecast errors. This clear indication of the information content of half-yearly announcements leads the authors to speculate on whether quarterly reporting might not be in the interests of shareholders on the Johannesburg Stock Exchange.

scholarly journals ASYMMETRIC INFORMATION DAN DIVIDEND DECISION PADA PERUSAHAAN ASURANSI DI INDONESIA

BISMA ◽  
2020 ◽  
Vol 14 (2) ◽  
pp. 118
Author(s):  
Sumani Sumani ◽  
Novi Puspitasari ◽  
Cindi Fatika Sari
Keyword(s):  
Asymmetric Information ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Forecast Error ◽  
Sampling Technique ◽  
Insurance Companies ◽  
Coefficient Of Determination ◽  
Earnings Forecast ◽  
Growth Opportunities ◽  
Bid Ask Spread

The objective of this study is to analyze the effect of asymmetric information on dividend policy. Asymmetric information in this study was proxied by four variables, i.e., the bid-ask spread, earnings forecast error, firm size, and growth opportunities. Dividend policy was proxied by the dividend payout ratio. The population of this study was insurance companies listed on the Indonesia Stock Exchange from 2014 to 2018. The sample was selected using a purposive sampling technique. The analysis method used was multiple linear regression. The results showed that the variable of earnings forecast error had a significant positive effect on dividend policy. However, the variables of the bid-ask spread, company size, and growth opportunities did not affect dividend policy. The result of the coefficient of determination test showed that the independent variable could influence the dependent variable by 41.2%. Keywords : asymmetric information, dividend policy, insurance companies

Do Director Networks Help Managers Forecast Better?

2021 ◽  
Author(s):  
Mario Schabus
Keyword(s):  
Decision Making ◽  
Forecast Accuracy ◽  
Listed Companies ◽  
Earnings Forecast ◽  
Management Forecasts ◽  
Access To Information ◽  
Board Interlocks ◽  
Management Earnings Forecast ◽  
Decision Making Processes ◽  
Insight Into

I examine whether directors' superior access to information through their board network improves the accuracy of firms' forecasting. Managers may benefit from well-connected directors (i.e., board centrality) as they may have limited insight into market developments or decision-making processes of other firms beyond knowledge specific to their firm. Employing a sample of U.S.-listed companies, I separately examine the effect of within-firm variation in direct and indirect board connections on management earnings forecast accuracy. The study contributes by showing that higher-degree connections can have an economically significant effect on the accuracy of management forecasts, regardless of firms' board interlocks. Further analyses point toward well-connected directors' ability to provide managers with valuable advice in a forecasting context, which complements directors' more extensively studied role in preventing managerial expropriation.

Audit Committee Effectiveness Among Malaysian Listed Companies

2020 ◽  
Author(s):  
Shamsul Nahar Abdullah ◽  
Ku Nor Izah Ku Ismail
Keyword(s):  
Corporate Governance ◽  
Audit Committee ◽  
Stock Exchange ◽  
Listed Companies ◽  
The Other ◽  
Interactive Effects ◽  
Committee Chairman ◽  
Kuala Lumpur ◽  
Political Costs ◽  
Leadership Structure

This study investigates further the previous paper by Shamsul Nahar and Al-Murisi (1997) by examining the interactive effects of the variables in that paper and introducing other variables associated with corporate governance and political costs. The present study postulated that percentage of external directors on audit committee interacted with the presence of an accountant on audit committee and with the number of years an audit committee in existence, respectively, to influence audit committee effectiveness. The study also posited that the interaction of the presence of an accountant on audit committee and the number of years an audit committee in existence positively and significantly influenced audit committee effectiveness. Addition. ally, the roles of leadership structure, audit committee chairman, and a firm's size on audit committee effectiveness were also investigated. Using a multiple regression from a sample consisting the Kuala Lumpur Stock Exchange listed companies, results showed that only a firm's size significantly influenced audit committee effectiveness in the predicted direction. Other variables, on the other hand, did not show any significant influence on audit committee effectiveness.  

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