Synapse
⌘+K
Synapse
PulseExploreClubsResearchersJournals
Instagram
HomeClubsExplore
March 18, 2026The Accounting Review

Security Price Response to Quarterly Earnings Announcements and Analysts' Forecast Revisions.

View Full Paper
Ask AI
Bookmark
Share

Authors

BCBradford CornellWLWayne R. Landsman

Discussion

Loading...

Member takes

Overview

Observes the impact of forecast revisions on security prices, indicating significant effects.

Key Points

  • The aim is to examine how earnings changes and analysts' forecast revisions affect security prices.
  • Analyzed quarterly earnings announcements and associated analyst forecast revisions.
  • Utilized pooled time-series and cross-sectional regression analysis.
  • Measured the relationship between forecast errors and abnormal returns.
  • Analyst forecast revisions significantly influence abnormal returns.
  • The fourth quarter earnings announcements provide more information than interim announcements.

Cite This Study

Cornell et al. (1989) studied this question.

synapsesocial.com/papers/69ba43764e9516ffd37a4cb6https://doi.org/10.2308/tar-4478051
View Full Paper
Ask AI
Bookmark
Share