Files in this item

FilesDescriptionFormat

application/pdf

application/pdf3182325.pdf (5MB)Restricted to U of Illinois
(no description provided)PDF

Description

Title:Three Essays in Financial Economics
Author(s):Marks, Joseph M.
Doctoral Committee Chair(s):Neil Pearson
Department / Program:Finance
Discipline:Finance
Degree Granting Institution:University of Illinois at Urbana-Champaign
Degree:Ph.D.
Genre:Dissertation
Subject(s):Economics, Finance
Abstract:In the last chapter, the quality of information produced by investment analysts is studied. In particular, newly available analyst forecasts of revenue per share are examined to assess accuracy and potential biases. Revenue forecasts are shown to be terminally unbiased, while earnings forecasts during the same period exhibit a significant pessimism bias. Evidence is provided that indicates the source of earnings forecast biases is management pressure to deflate forecasts, consistent with recent work on earnings forecast management.
Issue Date:2005
Type:Text
Language:English
Description:130 p.
Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2005.
URI:http://hdl.handle.net/2142/87432
Other Identifier(s):(MiAaPQ)AAI3182325
Date Available in IDEALS:2015-09-28
Date Deposited:2005


This item appears in the following Collection(s)

Item Statistics