Abstracts

Business

Search abstracts:

Financial analysts' earnings forecasts and insider trading

Article Abstract:

Trading patterns in a firm are examined to determine whether insiders use their advance knowledge of the company's forthcoming earnings in making decisions when trading in their firm's stock. The study also investigates the changes made by financial analysts in their forecasts after insider trading. Findings reveal that company insiders deliberately postpone trading until after earnings announcements are made. Results also show that the earnings forecast revisions of financial analysts are positively related to insider purchases, but negatively related to insider sales.

Research, Forecasts and trends, Profits, Economics, Information theory, Investment analysis, Securities analysis, Business forecasting, Corporate profits, Information theory in economics

---

The effect of insider trading on financial analysts' forecast accuracy and dispersion

Article Abstract:

A study was conducted to test whether corporate insider trading increased the amount of information given to financial analysts predicting corporate earnings. The influence of insider trading on the dissemination of financial analysts' earnings forecasts was also analyzed. Results indicated that insider trading increases the efficiency of the stock market. Findings also revealed that increases in insider buying correlated with smaller errors in earnings forecasts.

Financial analysts

---

The information content of the auditor's going concern evaluation

Article Abstract:

Professional auditing standards provide that independent auditors should disclose the uncertainty in the auditor's opinion when substantial doubt concerning a company's ability to continue to operate exists. The information content of the independent auditor's going concern evaluation is analyzed by studying the abnormal stock returns behind the release of the auditor's report.

Standards, Auditing, Auditors

Similar abstracts:

• Abstracts: Investor sophistication and market earnings expectations. The effect of experience on security analyst underraction
• Abstracts: Forget toys, pick a fund this Christmas. The cost of the learning curve
• Abstracts: Motivating factors in lawsuits against independent auditors: experimental evidence on the importance of causality
• Abstracts: An empirical test of product sampling and couponing. The effect of appeal, complexity and tone in a mail survey covering letter
• Abstracts: Discussion of 'Earnings Management Using Asset Sales: An International Study of Countries Allowing Noncurrent Asset Revaluation.'

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.