%0 Journal Article
%J Journal of Applied Accounting Research
%D 2019
%T Analyst reaction to non-articulation between the balance sheet and the statement of cash flows
%A Frischmann,Peter
%A Lin,Kuan-Chen
%A Wang,Dilin
%K Accounting
%X 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 …
%B Journal of Applied Accounting Research
%8 2019
%G eng
%2 a
%4 196241344512
%$ 196241344512