Analysts' Forecast Precision as a Response to Competition

Abarbanell J. 1991. “Do Analysts' Earnings Forecasts Incorporate Information in Prior Stock Price Changes?” Journal of Accounting and Economics 14 (June): 147–165.

Atiase R. 1985. “Pre-disclosure Information, Firm Capitalization, and Security Price Behavior Around Earnings Announcements.” Journal of Accounting Research 23 (Spring): 21–36.

Belsley D. A. Kuh E. Welsch R. E. 1980. Regression Diagnostics. New York: John Wiley & Sons.

Bhushan R. 1989. “Firm Characteristics and Analyst Following.” Journal of Accounting and Economics 11 (July): 255–274.

Brown L. Griffin P. Hagerman R. Zmijewski M. 1987a. “Security Analyst Superiority Relative to Univariate Time-series Models in Forecasting Quarterly Earnings.” Journal of Accounting and Economics 9 (April): 61–87.

Brown L. Griffin P. Hagerman R. Zmijewski M. 1987b. “An Evaluation of Alternative Proxies for the Market's Assessment of Unexpected Earnings.” Journal of Accounting and Economics 9 (July): 159–193.

Brown L. Richardson G. Schwager S. 1987. “An Information Interpretation of Financial Analyst Superiority in Forecasting Earnings.” Journal of Accounting Research 25 (Spring): 49–67.

Brown L. Rozeff M. 1978. “The Superiority of Analyst Forecasts as Measures of Expectations: Evidence from Earnings.” The Journal of Finance 33 (March): 1–16.

Brown L. Rozeff M. 1979. “Univariate Time-series Models of Quarterly Accounting Earnings Per Share: A Proposed Model.” Journal of Accounting Research 17 (Spring): 179–189.

Brown P. Foster G. Noreen E. 1985. Security Analyst Multi-Year Earnings Forecasts and the Capital Market. Studies in Accounting Research No. 21. Sarasota, Fla.: American Accounting Association.

Butler K. Lang L. 1991. “The Forecast Accuracy of Individual Analysts: Evidence of Systematic Optimism and Pessimism.” Journal of Accounting Research 29 (Spring): 150–156.

Collins W. Hopwood W. 1980. “A Multivariate Analysis of Annual Earnings Forecasts Generated from Quarterly Forecasts of Financial Analysts and Univariate Time Series Models.” Journal of Accounting Research 18 (Autumn): 390–406.

Crichfield T. Dyckman T. Lakonishok J. 1978. “An Evaluation of Security Analysts' Forecasts.” The Accounting Review 53 (July): 651–668.

Dorfman John R. 1991. “Analysts Devote More Time to Selling as Firms Keep Scorecard on Performance.” Wall Street Journal (October 29): c1–c2.

Elton E. Gruber M. Gultekin M. 1981. “Expectations and Share Prices.” Management Science 27 (September): 975–987.

Freeman R. 1987. “The Association Between Accounting Earnings and Security Returns for Large and Small Firms.” Journal of Accounting and Economics 9 (July): 195–228.

French K. R. Roll R. , 1986. “Stock Return Variances: The Arrival of Information and the Reaction of Traders.” Journal of Financial Economics 17 (September): 5–26.

Fried D. Givoly D. 1982. “Financial Analysts' Forecasts of Earnings: A Better Surrogate for Market Expectations.” Journal of Accounting and Economics 4 (October): 85–107.

Givoly D. Lakonishok J. 1979. “The Information Content of Financial Analysts' Forecasts of Earnings.” Journal of Accounting and Economics 1 (Winter): 165–185.

Givoly D. Lakonishok J. 1984. “Properties of Analysts' Forecasts of Earnings: A Review and Analysis of the Research.” Journal of Accounting Literature 3: 3–152.

Klein A. 1990. “A Direct Test of the Cognitive Bias Theory of Share Price Reversals.” Journal of Accounting and Economics 13 (July): 155–166.

Kross W. Ro B. Schroeder D. 1990. “Earnings Expectations: The Analysts' Information Advantage.” The Accounting Review 65 (April): 461–475.

Lys T. Sohn S. 1990. “The Association Between Revisions of Financial Analysts' Earnings Forecasts and Security-Price Changes.” Journal of Accounting and Economics 13 (December): 341–364.

O'Brien P. 1988. “Analysts' Forecasts as Earnings Expectations.” Journal of Accounting and Economics 10 (January): 53–83.

O'Brien P. 1990. “Forecast Accuracy of Individual Analysts in Nine Industries.” Journal of Accounting Research 28 (Autumn): 286–304.

O'Brien P. Bhushan R. 1990. “Analyst Following and Institutional Ownership.” Journal of Accounting Research 28 (Supplement): 53–82.

Pincus M. 1983. “Information Characteristics of Earnings Announcements and Stock Market Behavior.” Journal of Accounting Research 21 (Spring): 155–183.

Power W. 1989. “Wall Street Links More Analysts' Pay to Performance.” Wall Street Journal (September 19): c1.

Schipper K. 1991. “Commentary: Katherine Schipper on Analysts' Forecasts.” Accounting Horizons (December): 105–121.

Skinner D. 1990. “Options Markets and the Information Content of Accounting Earnings Releases.” Journal of Accounting and Economics 13 (October): 191–212.

Stickel S. 1989. “The Timing of and Incentives for Annual Earnings Forecasts Near Interim Earnings Announcements.” Journal of Accounting and Economics 11 (July): 275–292.

Stickel S. 1990. “Predicting Individual Analyst Earnings Forecasts.” Journal of Accounting Research 28 (Autumn): 409–417.