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Durham e-Theses
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The time profile of analysts' earnings forecasts.

Hussain, Simon (1990) The time profile of analysts' earnings forecasts. Masters thesis, Durham University.



The objective of this thesis is to investigate the part played by analysts in incorporating information about earnings into stock-prices. Chapter 1 deals with the theoretical background. Chapter 2 presents the empirical evidence that accounting earnings have Information value to the market. Evidence from chapter 3 indicates that information contained in analysts' earnings forecasts Is incorporated into stock-prices. Assuming this to be correct, studying the time-profile of analysts’ earnings forecasts gives an Insight into the impounding process. Chapter 4 presents statistical methods for evaluating forecast accuracy and rationality. Chapter 5 reviews the empirical evidence relating to the accuracy and rationality of analysts' earnings forecasts. Chapters 6 presents the hypotheses to be tested in the empirical study, and the experimental design, Chapter 7 presents the results and discusses them in the light of other empirical studies. Shortcomings of the empirical study and suggested further research are then presented.

Item Type:Thesis (Masters)
Award:Master of Arts
Thesis Date:1990
Copyright:Copyright of this thesis is held by the author
Deposited On:18 Dec 2012 12:02

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