85
Views
1
CrossRef citations to date
0
Altmetric
Original Articles

Are revenue forecasts rational? Evidence surrounding Reg FD

Pages 153-160 | Published online: 22 Sep 2010

References

  • Aggarwal , R. , Mohanty , S. and Song , F. 1995 . Are survey forecasts of macroeconomic variables rational? . Journal of Business , 68 : 99 – 119 .
  • Barth , M. E. , Kasznik , R. and McNichols , M. F. 2001 . Analyst coverage and intangible assets . Journal of Accounting Research , 39 : 1 – 35 .
  • Brown , L. and Rozeff , M. 1978 . The superiority of analyst forecasts as measures of expectations: evidence from earnings . Journal of Finance , 33 : 1 – 16 .
  • Chandra , U. and Ro , B. 2008 . The role of revenue in firm valuation . Accounting Horizons , 22 : 199 – 222 .
  • Daniel , K. and Titman , S. 1999 . Market efficiency in an irrational world . Financial Analysts Journal , 55 : 28 – 40 .
  • Dickey , D. and Fuller , W. 1981 . Likelihood ratio statistics for autoregressive time series with a unit root . Econometrica , 49 : 1057 – 72 .
  • Engle , R. and Granger , C. 1987 . Cointegration and error correction representation, estimation, and testing . Econometrica , 55 : 251 – 76 .
  • Ertimur , Y. , Livnat , J. and Martikainen , M. 2003 . Differential market reactions to revenue and expense surprises . Review of Accounting Studies , 8 : 185 – 211 .
  • Im , K. , Pesaran , M. and Shin , Y. 2003 . Testing for unit roots in heterogeneous panels . Journal of Econometrics , 115 : 53 – 74 .
  • Jegadeesh , N. , Kim , J. , Krische , S. and Lee , C. 2004 . Analyzing the analysts: when do recommendations add value? . Journal of Finance , 59 : 1083 – 124 .
  • Jegadeesh , N. and Livnat , J. 2006 . Revenue surprises and stock returns . Journal of Accounting and Economics , 41 : 147 – 71 .
  • Johansen , S. 1991 . Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models . Econometrica , 59 : 1551 – 80 .
  • La Porta , R. , Lakonishok , J. , Shleifer , A. and Vishny , R. 1997 . Good news for value stocks: further evidence on market efficiency . Journal of Finance , 52 : 859 – 74 .
  • Mest , D. and Plummer , E. 2003 . Analysts' rationality and forecast bias: evidence from sales forecasts . Review of Quantitative Finance and Accounting , 21 : 103 – 22 .
  • Nagy , R. A. and Obenberger , R. W. 1994 . Factors influencing individual investor behavior . Financial Analysts Journal , 50 : 63 – 8 .
  • Ng , S. and Perron , P. 2001 . Lag length selection and the construction of unit root tests with good size and power . Econometrica , 69 : 1519 – 54 .
  • Pedroni , P. 2004 . Panel cointegration: asymptotic and finite sample properties of pooled time series tests with an application to the PPP hypothesis . Econometric Theory , 20 : 597 – 625 .
  • Westerlund , J. 2008 . Panel cointegration test of the fisher hypothesis . Journal of Applied Econometrics , 23 : 193 – 233 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.