TY  - JOUR
T1  - Analyst reaction to non-articulation between the balance sheet and the statement of cash flows
JF  - Journal of Applied Accounting Research
Y1  - 2019
A1  - Frischmann,Peter
A1  - Lin,Kuan-Chen
A1  - Wang,Dilin
KW  - Accounting
AB  - 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 …
U2  - a
U4  - 196241344512
ID  - 196241344512
ER  -