The impact of earnings management on analysts’ earnings forecasts

• Main Authors: Ying-Yan Chou, 周櫻燕
• Other Authors: Jinn-Yang Uang
• Format: Others
• Language: zh-TW
• Published: 2009
• Online Access: http://ndltd.ncl.edu.tw/handle/90733671649466259678

碩士 === 中國文化大學 === 會計研究所 === 97 === The main purpose of this study is to investigate the impact of earnings management on analysts’ earnings forecasts. The research firms in the fourth quarter of 2007, analysts forecast earnings targets, the use of advanced Jones model abnormal accruals as a measure of earnings management. Empirical results show that earnings management and analyst earnings forecast accuracy to the relationship between negative, indicating the high earnings management analyst in the company's higher forecast accuracy. The empirical results of this may be interpreted as corporate earnings tend to smooth the way of management;, therefore, reduce the earnings variability (risk) levels, thereby increasing the accuracy of analyst earnings forecasts.