Artikel
The effect of non-recurring items on analysts' earnings forecasts
This article discusses the effects of non-recurring profits and losses on statement users' decision-making processes from the perspective of securities analysts. We examine the relationship between analysts' forecast revisions and firms' non-recurring earnings. We find that 1) non-recurring gains and losses can influence analysts' earnings forecast revision; 2) compared with non-recurring items resulting from policy changes, analysts are more concerned about those attributed to changes in business scope; 3) if listed companies use non-recurring items to turn losses into gains during earnings management, it will weaken the effects of non-recurring items on analysts' earnings forecast revision. The results suggest that non-recurring items that result from changes in business scope incorporate information that users need for the future operation of the business. This article verifies the information relevance of non-recurring items and provides evidence for the necessity of non-recurring item disclosure.
- Sprache
-
Englisch
- Erschienen in
-
Journal: China Journal of Accounting Research ; ISSN: 1755-3091 ; Volume: 11 ; Year: 2018 ; Issue: 1 ; Pages: 21-31 ; Amsterdam: Elsevier
- Klassifikation
-
Management
- Thema
-
Non-recurring items
Earnings forecasts
Revisions
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Li, Nan
Su, Hongtong
Dong, Wanqing
Zhu, Kai
- Ereignis
-
Veröffentlichung
- (wer)
-
Elsevier
- (wo)
-
Amsterdam
- (wann)
-
2018
- DOI
-
doi:10.1016/j.cjar.2017.10.001
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Li, Nan
- Su, Hongtong
- Dong, Wanqing
- Zhu, Kai
- Elsevier
Entstanden
- 2018
Ähnliche Objekte (12)
Management earnings forecasts and analyst forecasts: Evidence from mandatory disclosure system
Business and financial information integration and voluntary management earnings forecasts
Enforcement actions and their effectiveness in securities regulation: Empirical evidence from management earnings forecasts
Ownership balance, supervisory efficiency of independent directors and the quality of management earnings forecasts
Intergenerational mobility in education and occupation and the effect of schooling on youth's earnings in Brazil
Economic value added or earnings: What explains market value in Indian firms?
Forecasting Earnings Forecasts
Combining term structure of interest rate forecasts: The Brazilian case
Earnings management, corporate governance and expense stickiness
A brief analysis of aggregate measures as an alternative to the median at Central Bank of Brazil's Survey of Professional Forecasts
Comment on “Why do women interact with their parents more often than men? The demonstration effect vs. the biological effect”
Timing earnings
Management earnings forecasts and analyst forecasts: Evidence from mandatory disclosure system
Business and financial information integration and voluntary management earnings forecasts
Enforcement actions and their effectiveness in securities regulation: Empirical evidence from management earnings forecasts
Ownership balance, supervisory efficiency of independent directors and the quality of management earnings forecasts
Intergenerational mobility in education and occupation and the effect of schooling on youth's earnings in Brazil
Economic value added or earnings: What explains market value in Indian firms?
Forecasting Earnings Forecasts
Combining term structure of interest rate forecasts: The Brazilian case
Earnings management, corporate governance and expense stickiness
A brief analysis of aggregate measures as an alternative to the median at Central Bank of Brazil's Survey of Professional Forecasts
Comment on “Why do women interact with their parents more often than men? The demonstration effect vs. the biological effect”
Timing earnings
Management earnings forecasts and analyst forecasts: Evidence from mandatory disclosure system
Business and financial information integration and voluntary management earnings forecasts
Enforcement actions and their effectiveness in securities regulation: Empirical evidence from management earnings forecasts
Ownership balance, supervisory efficiency of independent directors and the quality of management earnings forecasts
Intergenerational mobility in education and occupation and the effect of schooling on youth's earnings in Brazil
Economic value added or earnings: What explains market value in Indian firms?
Forecasting Earnings Forecasts
Combining term structure of interest rate forecasts: The Brazilian case
Earnings management, corporate governance and expense stickiness
A brief analysis of aggregate measures as an alternative to the median at Central Bank of Brazil's Survey of Professional Forecasts
Comment on “Why do women interact with their parents more often than men? The demonstration effect vs. the biological effect”