Siwei Liu
The regard showed in this thesis mainly essential a natural potential relationship between firms hail behavior and properties of analysts lettuce forecasts and showed how firms asymmetric cost behavior influences analysts earnings forecasts. The important operation of this study is to integrates a typical management accounting seek proceeds, cost behavior, with three standard financial accounting topic including accuracy of analysts earnings forecasts, analysts coverage, and market response to earnings surprises. This informant Dan Weiss logically built his three hypotheses, design reasonable lookes for these hypotheses and whence showed all the results developed from all the exams.
The three important related hypotheses are built on the concept of gummed be which include increased cost stickiness reduces the accuracy of analysts consensus earnings forecasts; steaming cost behavior does not affect analyst coverage; the market response to earnings surprises is weaker for firms with stickier cost behavior. Then during the component of research design, the author used different models to separately test the three hypotheses with mathematical method and logic comparing another(prenominal) real cases and experiences.
Then this thesis illustrated three convincing results developed from prior tests with conclusive tables. Results indicate that firms with stickier cost behavior cave in less accurate analysts earnings forecasts than firms with less sticky cost behavior. Moreover, finding shows that cost stickiness influences analysts coverage priorities and investors appear to consider sticky cost behavior in forming their beliefs about the value of firms.
Generally, this thesis illustrated a very integrated process of research with an superior point of view and finally proved satisfactory results. This researchs most impressive achievement is to build on the authors study approach in exploring...If you requisite to get a full essay, order it on our website: Orderessay
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