مقاله انگلیسی رایگان در مورد پیش بینی های مدیریت درآمد و سایر اظهارات آینده نگرانه – الزویر ۲۰۱۸

مقاله انگلیسی رایگان در مورد پیش بینی های مدیریت درآمد و سایر اظهارات آینده نگرانه – الزویر ۲۰۱۸

 

مشخصات مقاله
ترجمه عنوان مقاله پیش بینی های مدیریت درآمد و سایر اظهارات آینده نگرانه
عنوان انگلیسی مقاله Management earnings forecasts and other forward-looking statements
انتشار مقاله سال ۲۰۱۸
تعداد صفحات مقاله انگلیسی ۲۰ صفحه
هزینه دانلود مقاله انگلیسی رایگان میباشد.
پایگاه داده نشریه الزویر
نوع نگارش مقاله
مقاله پژوهشی (Research Article)
مقاله بیس این مقاله بیس میباشد
نمایه (index) Scopus – Master Journals List – JCR
نوع مقاله ISI
فرمت مقاله انگلیسی  PDF
ایمپکت فاکتور(IF)
۳٫۸۹۱ در سال ۲۰۱۸
شاخص H_index ۱۳۲ در سال ۲۰۱۹
شاخص SJR ۶٫۶۰۶ در سال ۲۰۱۸
شناسه ISSN ۰۱۶۵-۴۱۰۱
شاخص Quartile (چارک) Q1 در سال ۲۰۱۸
رشته های مرتبط مدیریت
گرایش های مرتبط مدیریت مالی، مدیریت عملکرد، سیاست های تحقیق و توسعه، تحقیق در عملیات
نوع ارائه مقاله
ژورنال
مجله  مجله حسابداری و اقتصاد – Journal of Accounting and Economics
دانشگاه The Ohio State University, Fisher College of Business, 2100 Neil Avenue, Columbus, OH 43210, United States
کلمات کلیدی پیش بینی های مدیریت، اعلامیه های سود، تحلیل متنی، افشای داوطلبانه
کلمات کلیدی انگلیسی Management forecasts، Earnings announcements، Textual analysis، Voluntary disclosure
شناسه دیجیتال – doi
https://doi.org/10.1016/j.jacceco.2017.11.008
کد محصول E11356
وضعیت ترجمه مقاله  ترجمه آماده این مقاله موجود نمیباشد. میتوانید از طریق دکمه پایین سفارش دهید.
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فهرست مطالب مقاله:
Abstract

۱- Introduction

۲- Prior literature and hypothesis development

۳- Sample selection, measurement, and validation

۴- Empirical results

۵- Summary

Reference

 

بخشی از متن مقاله:

Abstract

We identify forward-looking statements (FLS) in firms’ disclosures to distinguish between “forecast-like” (quantitative statements about earnings) and “other”, or non-forecast-like, FLS. We show that, like earnings forecasts, other FLS generate significant investor and analyst responses. Unlike earnings forecasts, other FLS are issued more frequently when uncertainty is higher. We then show that earnings-related FLS are more sensitive to uncertainty than quantitative statements, suggesting that managers are more likely to alter the content than the form of FLS when uncertainty is higher. Our study indicates that incorporating other FLS into empirical measures provides a more comprehensive proxy for firms’ voluntary disclosures.

Introduction

For several decades, management earnings forecasts have been the focus of significant academic interest. Initially, that interest was driven by the concern that forecasts were not credible – so much so that firms were prohibited by the SEC from providing such forecasts in their securities filings.1 Following substantial evidence that investors do respond to earnings forecasts (e.g., Patell, 1976; Waymire, 1984; Baginski et al., 1994; Hutton et al., 2003; Rogers and Stocken, 2005), that view has changed considerably. In fact, more recent studies have shown that management forecasts provide more information to investors than any other accounting source (Beyer et al., 2010). A common theme among these studies is the focus on quantitative earnings forecasts. In this paper, we use textual analysis to study forward-looking information disclosed by managers. We examine both the quantitative estimates of future earnings that are typically treated as forecasts in disclosure research, and the set of qualitative and/or non-earnings forward-looking statements often overlooked in disclosure research.2,3 To distinguish between different types of forward-looking statements, we identify, for each statement, whether the statement is quantitative or non-quantitative and whether it explicitly refers to earnings or not. We refer to forward-looking statements as “forecast-like” if they are both quantitative and refer explicitly to earnings. We refer to all remaining forward-looking statements as “other”, or “non-forecast-like”, forward-looking statements.4 Isolating the different types of forward-looking statements, and when managers issue those statements, allows us to investigate why managers make the disclosure choices we observe. While several studies have examined certain types of non-earnings forward-looking statements individually (e.g., revenue or cash flow projections), our goal is to study a comprehensive sample of forward-looking statements (both forecast-like and other) to assess how and why forecast-like statements differ from other forward-looking statements in terms of both determinants and consequences.

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