1987-01-01, English, Article, Journal or magazine article edition: Associations between forecast errors and excess returns near to earnings announcements. Hughes, John S.; Ricks, William E.

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Physical Description
  • table Nonparametric correlations of analyst forecast errors and excess returns.
  • table (Small portfolio median analyst forecast errors versus excess returns.)
  • table (Mechanical forecast errors and excess returns versus analyst forecasts.)
  • table (Multivariate regression analysis of two-day excess returns.)
  • table (Nonparametric tests on distributions of within-portfolio returns.)
  • table (Nonparametric tests on distributions of residual excess returns.)
  • table (Nonparametric analysis of early disclosers vs. late disclosers.)
  • table Nonparametric analysis of forecast range and earnings predictability.
  • table (Sensitivity of parametric and nonparametric correlations.)
  • Magazine/​Journal article
Published
  • American Accounting Association, 1987 Jan
Language
  • English

Edition details

Title
  • Associations between forecast errors and excess returns near to earnings announcements.
Appears In
  • Accounting Review, v62, no.n1, 1987 Jan, p158(18) (ISSN: 0001-4826)
Author
  • Hughes, John S.
  • Ricks, William E.
Published
  • American Accounting Association, 1987 Jan
Physical Description
  • table Nonparametric correlations of analyst forecast errors and excess returns.
  • table (Small portfolio median analyst forecast errors versus excess returns.)
  • table (Mechanical forecast errors and excess returns versus analyst forecasts.)
  • table (Multivariate regression analysis of two-day excess returns.)
  • table (Nonparametric tests on distributions of within-portfolio returns.)
  • table (Nonparametric tests on distributions of residual excess returns.)
  • table (Nonparametric analysis of early disclosers vs. late disclosers.)
  • table Nonparametric analysis of forecast range and earnings predictability.
  • table (Sensitivity of parametric and nonparametric correlations.)
  • Magazine/​Journal article
Subjects
Target Audience
  • Trade
Summary
  • The information content of annual earnings announcements is re-examined, utilizing mistakes in analyst forecasts published within a week of those announcements as the proxy for unexpected income. This study differs from earlier work in its use of a precise dating of earnings announcements; in its comparison of fourth-quarter earnings changes as proxies for unexpected earnings with analyst forecast errors; in its examination of unusual variability in excess returns at the time of earnings announcements with the influence of forecast errors eliminated; and in its separation of late and early disclosers within an industry. Results suggest that if analyst forecast errors measure unexpected earnings, annual earnings reports contain information content even when compared to market expectations very close to those announcements.
Notes
  • table Nonparametric correlations of analyst forecast errors and excess returns.
  • table (Small portfolio median analyst forecast errors versus excess returns.)
  • table (Mechanical forecast errors and excess returns versus analyst forecasts.)
  • table (Multivariate regression analysis of two-day excess returns.)
  • table (Nonparametric tests on distributions of within-portfolio returns.)
  • table (Nonparametric tests on distributions of residual excess returns.)
  • table (Nonparametric analysis of early disclosers vs. late disclosers.)
  • table Nonparametric analysis of forecast range and earnings predictability.
  • table (Sensitivity of parametric and nonparametric correlations.)
Language
  • English
Database
  • Gale Academic OneFile
  • Gale General OneFile
Identifier
  • 5265886

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Ascham School: Margaret Bailey Library. Not open to the public Held. Not for ILL. Periodical; Journal, magazine, other English
Australian Catholic University. Open to the public ACP-4063; BPO CD-ROM ASK AT INFORMATION DESK <ACP-4063> Periodical; Journal, magazine, other English
Avondale College. Avondale College Library. Open to the public 990000993430402354; S 657 ACC2; v.25:no.1(1950:Jan.)-v.87:no.6(2012:Nov). Periodical; Journal, magazine, other English
CAVAL. CARM Centre. May not be open to the public brn.233043; Held; Vol. 1 - v. 74 + supps. to vols. 45-v. 51; 1926 - 1999; Inc. Periodical; Journal, magazine, other English
Charles Sturt University. Albury-Wodonga Campus Library. Open to the public 000099343; P657 A1; Vol. 45:no. 1 (01/1970) - Vol. 74:no. 4 (10/1999) Periodical; Journal, magazine, other English
Charles Sturt University. Bathurst Campus Library. Open to the public 000099343; P657 6; v.35:no.1(1960)-v.53(1978), v.77(2002)-v.79:no.1(2004) Periodical; Journal, magazine, other English
Charles Sturt University. CSU Library - Electronic Resources (shared). Open to the public 002052167; Full Text Available; ABI/INFORM - Available from 1988 Periodical; Journal, magazine, other English
Collie Shire Council. Collie Public Library. Open to the public Held. Check holdings: https://collie.on.worldcat.org Periodical; Journal, magazine, other English
CSIRO. Library Services. Not open to the public 999615690001981; ProQuest Central (New). Online Access. Available for document delivery. Restrictions apply.; Available from 1988 until 2012 Periodical; Journal, magazine, other English
Curtin University. Curtin University Library. Open to the public 9931173960001951; P 657 01290; ROB; R4P; 33:1(01/1958)-76(2001); 77(2002) - 90(2015); Vol.77-87(2002-2012); Vol.88:no.1-4(2013:Jan.-Jul.) Periodical; Journal, magazine, other English
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Federation University Australia Library. Open to the public .b1156023x; held Periodical; Journal, magazine, other English
Federation University Australia Library. Federation University Australia - Gippsland campus library. Open to the public 657 ACC; Vol.75-Vol.89; 2000-2014 Periodical; Journal, magazine, other English
Flinders University. Flinders University Central Library. Open to the public 9957296601771; 657.05 A2 Periodical; Journal, magazine, other English
Griffith University. Griffith University Library. Open to the public .b16415401; Electronic Resource : Publ. may restrict Doc. Del. Periodical; Journal, magazine, other English
James Cook University. Townsville Campus Library. Open to the public Vol. 83; 2008 Periodical; Journal, magazine, other English
LINC Tasmania. Open to the public 657. ACC; Vol. 43, no.1-Vol. 62, no. 4; Jan. 1968-Oct. 1987 Periodical; Journal, magazine, other English
Macquarie University. Macquarie University Library. Open to the public 99805610802171; HF5601 .A6; Vol. 75 (2000)-vol. 83, no. 2 (2008); vol. 83, no.7 (2008)-vol.87, no.6 (2012) Periodical; Journal, magazine, other English
Mentone Girls' Grammar School. Kerferd Library . Not open to the public Held. Not for ILL. Periodical; Journal, magazine, other English
Monash University. Monash University Library. Open to the public 99532001751; 657.05 A1722; v. 55, no. 1 (1980) to v. 62, no. 1 (1987); These issues are held in the following formats; [Paper] : v. 57, no. 2 (1982) to v. 62, no. 1 (1987); [Microfiche] : 1980 to 1984; PE; XST; 657.05 A172.4; v. 79, no. 1 (Jan. 2004) to v. 91, no. 2 (Mar. 2016); lacks v. 91, no. 1 (2016 Jan.); MA; SER; 657.05 A172.4; v. 1, no. 1 (Mar. 1926) to v. 78, no. 4 (Oct. 2003); OS; YOS-SER Periodical; Journal, magazine, other English
National Gallery of Victoria. The Shaw Research Library. May not be open to the public Held. Not for ILL. Periodical; Journal, magazine, other English
National Library of Australia. Open to the public 281369; S 657.05 AC; Vol. 37, no. 1-v. 63, no. 4 (Jan. 1962-Oct. 1988) [Imperfect] Periodical; Journal, magazine, other English
Plantagenet Shire Council Libraries. Mount Barker Library. Open to the public Held. Check holdings Periodical; Journal, magazine, other English
RMIT University. RMIT University Library. Open to the public 999514470001341; PER 657 A172.8; Held in Storage. Request from <a href=http://www.rmit.edu.au/library/dds target=_blank>Document Delivery</a>; v. 52 (1977)-; Held in Storage. Request from <a href=http://www.rmit.edu.au/library/dds target=_blank>Document Delivery</a>; 2004-2011 Periodical; Journal, magazine, other English
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Southern Cross University. University Library Lismore. Open to the public P657.05 2; v.1(1926)-v.39(1964),v.40:no.1-2,4(1965); v.41(1966)-v.46(1971), v.47:nos.1,3-4(1972), v.48(1973)-v.73(1998), v.74:no.1(1999:Jan.)-v.84:no.6(2009:Nov.), Electronic resource - Check catalogue for holdings Periodical; Journal, magazine, other English
State Library of NSW. Open to the public N657.06/17; Vol. 42, no. 1 (Jan. 1967)-v 43, no. 4 (Oct. 1968);v. 45, no. 1 (Jan. 1970)-v54, no. 2 (1979) Periodical; Journal, magazine, other English
State Library of Queensland. Open to the public 99556344702061; HELD - Contact Library for access information Periodical; Journal, magazine, other English
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The University of Sydney. University of Sydney Library. Open to the public .b22789200; held Periodical; Journal, magazine, other English
University of Newcastle. University of Newcastle Library. Open to the public S657.05/12; Vol. 83-88, no. 6; 2007-2013 Periodical; Journal, magazine, other English
University of New England. Dixson Library. Open to the public 1000-64060; <1000-64060>; P657.05/ACC <1000-64060>; V.1 (1926)- Periodical; Journal, magazine, other English
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University of Western Australia. University of Western Australia Library. Open to the public 9918691402101; HELD; V. 1-83 ; 1926-2008"; "V 1-79 ; 1926-2004 Periodical; Journal, magazine, other English
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Ascham School: Margaret Bailey Library. Not open to the public Held. Not for ILL. Periodical; Journal, magazine, other English
Australian Catholic University. Open to the public ACP-4063; BPO CD-ROM ASK AT INFORMATION DESK <ACP-4063> Periodical; Journal, magazine, other English
Avondale College. Avondale College Library. Open to the public 990000993430402354; S 657 ACC2; v.25:no.1(1950:Jan.)-v.87:no.6(2012:Nov). Periodical; Journal, magazine, other English
Charles Sturt University. Albury-Wodonga Campus Library. Open to the public 000099343; P657 A1; Vol. 45:no. 1 (01/1970) - Vol. 74:no. 4 (10/1999) Periodical; Journal, magazine, other English
Charles Sturt University. Bathurst Campus Library. Open to the public 000099343; P657 6; v.35:no.1(1960)-v.53(1978), v.77(2002)-v.79:no.1(2004) Periodical; Journal, magazine, other English
Charles Sturt University. CSU Library - Electronic Resources (shared). Open to the public 002052167; Full Text Available; ABI/INFORM - Available from 1988 Periodical; Journal, magazine, other English
Macquarie University. Macquarie University Library. Open to the public 99805610802171; HF5601 .A6; Vol. 75 (2000)-vol. 83, no. 2 (2008); vol. 83, no.7 (2008)-vol.87, no.6 (2012) Periodical; Journal, magazine, other English
Saint Ignatius' College, Riverview. Christopher Brennan Library. Not open to the public Periodical; Journal, magazine, other English
Shore School. Boer War Contingent Memorial Library. Not open to the public Held. Not for ILL. Periodical; Journal, magazine, other English
Southern Cross University. University Library Lismore. Open to the public P657.05 2; v.1(1926)-v.39(1964),v.40:no.1-2,4(1965); v.41(1966)-v.46(1971), v.47:nos.1,3-4(1972), v.48(1973)-v.73(1998), v.74:no.1(1999:Jan.)-v.84:no.6(2009:Nov.), Electronic resource - Check catalogue for holdings Periodical; Journal, magazine, other English
State Library of NSW. Open to the public N657.06/17; Vol. 42, no. 1 (Jan. 1967)-v 43, no. 4 (Oct. 1968);v. 45, no. 1 (Jan. 1970)-v54, no. 2 (1979) Periodical; Journal, magazine, other English
St Vincent's Hospital (Sydney). Walter McGrath Library. Not open to the public (EbpS)ebs658287; held Periodical; Journal, magazine, other English
The University of Sydney. University of Sydney Library. Open to the public .b22789200; held Periodical; Journal, magazine, other English
University of Newcastle. University of Newcastle Library. Open to the public S657.05/12; Vol. 83-88, no. 6; 2007-2013 Periodical; Journal, magazine, other English
University of New England. Dixson Library. Open to the public 1000-64060; <1000-64060>; P657.05/ACC <1000-64060>; V.1 (1926)- Periodical; Journal, magazine, other English
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Griffith University. Griffith University Library. Open to the public .b16415401; Electronic Resource : Publ. may restrict Doc. Del. Periodical; Journal, magazine, other English
James Cook University. Townsville Campus Library. Open to the public Vol. 83; 2008 Periodical; Journal, magazine, other English
State Library of Queensland. Open to the public 99556344702061; HELD - Contact Library for access information Periodical; Journal, magazine, other English
University of Queensland. University of Queensland Library. Open to the public b10068508; whsp AP02463 : 1(1926)-44(1969); whsp AR00367 : 45(1970)-76(2001); whsp AR00669 : 77(2002)-83(2008) Periodical; Journal, magazine, other English
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LINC Tasmania. Open to the public 657. ACC; Vol. 43, no.1-Vol. 62, no. 4; Jan. 1968-Oct. 1987 Periodical; Journal, magazine, other English
University of Tasmania. Open to the public .b10197497; Cent ser v1-84;1926-2009 Periodical; Journal, magazine, other English
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CAVAL. CARM Centre. May not be open to the public brn.233043; Held; Vol. 1 - v. 74 + supps. to vols. 45-v. 51; 1926 - 1999; Inc. Periodical; Journal, magazine, other English
CSIRO. Library Services. Not open to the public 999615690001981; ProQuest Central (New). Online Access. Available for document delivery. Restrictions apply.; Available from 1988 until 2012 Periodical; Journal, magazine, other English
Federation University Australia Library. Open to the public .b1156023x; held Periodical; Journal, magazine, other English
Federation University Australia Library. Federation University Australia - Gippsland campus library. Open to the public 657 ACC; Vol.75-Vol.89; 2000-2014 Periodical; Journal, magazine, other English
Mentone Girls' Grammar School. Kerferd Library . Not open to the public Held. Not for ILL. Periodical; Journal, magazine, other English
Monash University. Monash University Library. Open to the public 99532001751; 657.05 A1722; v. 55, no. 1 (1980) to v. 62, no. 1 (1987); These issues are held in the following formats; [Paper] : v. 57, no. 2 (1982) to v. 62, no. 1 (1987); [Microfiche] : 1980 to 1984; PE; XST; 657.05 A172.4; v. 79, no. 1 (Jan. 2004) to v. 91, no. 2 (Mar. 2016); lacks v. 91, no. 1 (2016 Jan.); MA; SER; 657.05 A172.4; v. 1, no. 1 (Mar. 1926) to v. 78, no. 4 (Oct. 2003); OS; YOS-SER Periodical; Journal, magazine, other English
National Gallery of Victoria. The Shaw Research Library. May not be open to the public Held. Not for ILL. Periodical; Journal, magazine, other English
RMIT University. RMIT University Library. Open to the public 999514470001341; PER 657 A172.8; Held in Storage. Request from <a href=http://www.rmit.edu.au/library/dds target=_blank>Document Delivery</a>; v. 52 (1977)-; Held in Storage. Request from <a href=http://www.rmit.edu.au/library/dds target=_blank>Document Delivery</a>; 2004-2011 Periodical; Journal, magazine, other English
The University of Melbourne. The University of Melbourne Library. Open to the public held; v.1-86; 1926-2011, Ba MIC/o 4460 (see also ECO P 657.05 AR); v.57-v.69; 1982-1994 Periodical; Journal, magazine, other; Microform English
Xavier College. Brennan Library. May not be open to the public Held. Not for ILL. Periodical; Journal, magazine, other English
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