The effects of country return and risk differences on prediction performance of earnings forecasts

Article Abstract:

Financial analysts' forecast (FAF) error has a negative and a positive relationship with country return and country risk, respectively. Data containing financial analysts' FAF error for 11 nations revealed that financial analysts tend to create more accurate earnings expectations whenever country return is high and country risk is low. On the other hand, financial analysts modify their forecast expectations and confidence to indicate higher degree of uncertainty whenever country return is low and country risk is high.

Economics, Research and Development in the Social Sciences and Humanities, Economic forecasting, Political risk

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Business investment strategy and firm performance: a comparative examination of accounting and market-based measures

Article Abstract:

The adoption of a performance measure is influenced by the type of business investment strategy a company is pursuing. Accounting performance measure rate on investment is recommended for companies adopting share-increasing and turnaround business investment strategies. Market-based measures, such as earnings per share, and accounting measures are recommended for companies undertaking less risky profit-oriented business investment strategies.

Financial Management, Models, Accounting, Earnings per share

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The cointegration of auction price series

Article Abstract:

An analysis of the number of common trends in five stamp auction price series is conducted to examine the cointegration of auction series. A test statistic is used to estimate this number. Results show that the quarterly auction price series of five frequently auctioned types of stamps share one unit root, common trend, indicating that they can be represented by an error correction model.

Finance, Postage-stamps, Postage stamps, Auctions

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