The further evidence of analyst cash flow forecast

• Main Authors: Tzu-Jung Kung, 龔子榮
• Other Authors: Yang-Pin Shen
• Format: Others
• Language: en_US
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/79538249589241909508

碩士 === 元智大學 === 財務金融暨會計碩士班(財務金融學程) === 104 === As the securities market flourishes, investors pay more attention to the reliability and relevance of the financial statements provided by publicly traded companies. Financial analysts in the capital market specialize in gathering and analyzing companies’ financial information as well as forecasting companies’ earnings to provide a reference to investors. Recent research has shown that cash flow forecasts help assess the true value of a company. However, financial analysts do not issue cash flow forecasts for every company. This study examines the factors that trigger the issuance of cash flow forecasts by financial analysts and how such forecasts affect the share price and cost of debt of a company.