@article {1970951,
	title = {Analyst reaction to non-articulation between the balance sheet and the statement of cash flows},
	journal = {Journal of Applied Accounting Research},
	year = {2019},
	month = {2019},
	abstract = {Purpose: The purpose of this paper is to investigate the effect of non-articulation on analyst earnings forecast quality. The authors look for evidence on the relationship between non-articulation and analyst earnings forecast properties: forecast inaccuracy, forecast dispersion and forecast bias.<br>Design/methodology/approach: The empirical tests are primarily based analyst earnings and cash flow forecasts covered by Institutional Broker Estimate System and financial statement information obtained from Compustat North America database.<br>Findings: The authors hypothesize and find that non-articulation is positively related to analyst forecast dispersion, forecast accuracy and forecast bias for one-year ahead of earnings. The effects of non-articulation on analyst earnings forecast inaccuracy and bias are neutralized when the analyst issues a cash flow forecast and when such forecast provides accurate information {\textellipsis}},
	keywords = {Accounting},
	author = {Frischmann,Peter and Lin,Kuan-Chen and Wang,Dilin}
}