Essec\Faculty\Model\Contribution {#2216 ▼
#_index: "academ_contributions"
#_id: "13413"
#_source: array:26 [
"id" => "13413"
"slug" => "13413-shaping-the-information-environment-international-evidence-on-financial-reporting-frequency-and-analysts-earnings-forecast-errors 
13413-shaping-the-information-environment-international-evidence-on-financial-reporting-frequency-an "
"yearMonth" => "2024-07"
"year" => "2024"
"title" => "Shaping the Information Environment: International Evidence on Financial Reporting Frequency and Analysts’ Earnings Forecast Errors Shaping the Information Environment: International Evidence on Financial Reporting Frequency and Ana "
"description" => "FILIP, A., LIU, J. et MORARU-ARFIRE, A. (2024). Shaping the Information Environment: International Evidence on Financial Reporting Frequency and Analysts’ Earnings Forecast Errors. <i>Journal of Accounting, Auditing and Finance</i>, 39(3), pp. 754-785. FILIP, A., LIU, J. et MORARU-ARFIRE, A. (2024). Shaping the Information Environment: International E "
"authors" => array:3 [
0 => array:3 [
"name" => "MORARU-ARFIRE Andreea"
"bid" => "B00732673"
"slug" => "moraru-arfire-andreea"
]
1 => array:1 [
"name" => "FILIP Andrei"
]
2 => array:1 [
"name" => "LIU Junqi"
]
]
"ouvrage" => ""
"keywords" => array:4 [
0 => "earnings forecasts"
1 => "financial analysts"
2 => "financial statements"
3 => "financial reporting frequency"
]
"updatedAt" => "2024-10-31 13:51:19"
"publicationUrl" => "https://doi.org/10.1177/0148558X221141568"
"publicationInfo" => array:3 [
"pages" => "754-785"
"volume" => "39"
"number" => "3"
]
"type" => array:2 [
"fr" => "Articles"
"en" => "Journal articles"
]
"support_type" => array:2 [
"fr" => "Revue scientifique"
"en" => "Scientific journal"
]
"countries" => array:2 [
"fr" => null
"en" => null
]
"abstract" => array:2 [
"fr" => "This article investigates the role of mandatory interim financial reporting in financial analysts’ annual earnings forecast errors. We provide large-scale evidence from 49 countries that a mandatory quarterly (as compared to semi-annual) reporting regime is associated with lower analysts’ annual earnings forecast errors. This conjecture is further supported when we exploit an exogeneous change in the mandatory frequency regime from a semi-annual to a quarterly reporting mandate in Japan. Consistent with an improvement in the information environment, our findings are more pronounced for firms and analysts subject to higher information acquisition costs and in countries where the institutional setting is less able to meet analysts’ information needs. We corroborate this conjecture by documenting that more frequent mandatory reporting decreases analysts’ forecast dispersion and improves the profitability of their stock recommendations. Overall, our findings extend the research on the role of the institutional setting in analysts’ output, suggesting that the mandate of more frequent reporting improves analysts’ forecasting process. This article investigates the role of mandatory interim financial reporting in financial analysts’ a "
"en" => "This article investigates the role of mandatory interim financial reporting in financial analysts’ annual earnings forecast errors. We provide large-scale evidence from 49 countries that a mandatory quarterly (as compared to semi-annual) reporting regime is associated with lower analysts’ annual earnings forecast errors. This conjecture is further supported when we exploit an exogeneous change in the mandatory frequency regime from a semi-annual to a quarterly reporting mandate in Japan. Consistent with an improvement in the information environment, our findings are more pronounced for firms and analysts subject to higher information acquisition costs and in countries where the institutional setting is less able to meet analysts’ information needs. We corroborate this conjecture by documenting that more frequent mandatory reporting decreases analysts’ forecast dispersion and improves the profitability of their stock recommendations. Overall, our findings extend the research on the role of the institutional setting in analysts’ output, suggesting that the mandate of more frequent reporting improves analysts’ forecasting process. This article investigates the role of mandatory interim financial reporting in financial analysts’ a "
]
"authors_fields" => array:2 [
"fr" => "Comptabilité et Contrôle de Gestion"
"en" => "Accounting and Management Control "
]
"indexedAt" => "2025-04-04T15:21:44.000Z"
"docTitle" => "Shaping the Information Environment: International Evidence on Financial Reporting Frequency and Analysts’ Earnings Forecast Errors Shaping the Information Environment: International Evidence on Financial Reporting Frequency and Ana "
"docSurtitle" => "Journal articles"
"authorNames" => "<a href="/cv/moraru-arfire-andreea">MORARU-ARFIRE Andreea</a>, FILIP Andrei, LIU Junqi"
"docDescription" => "<span class="document-property-authors">MORARU-ARFIRE Andreea, FILIP Andrei, LIU Junqi</span><br><span class="document-property-authors_fields">Accounting and Management Control </span> | <span class="document-property-year">2024</span> <span class="document-property-authors">MORARU-ARFIRE Andreea, FILIP Andrei, LIU Junqi</span><br><sp "
"keywordList" => "<a href="#">earnings forecasts</a>, <a href="#">financial analysts</a>, <a href="#">financial statements</a>, <a href="#">financial reporting frequency</a> <a href="#">earnings forecasts</a>, <a href="#">financial analysts</a>, <a href="#">financial statem "
"docPreview" => "<b>Shaping the Information Environment: International Evidence on Financial Reporting Frequency and Analysts’ Earnings Forecast Errors</b><br><span>2024-07 | Journal articles </span> <b>Shaping the Information Environment: International Evidence on Financial Reporting Frequency and "
"docType" => "research"
"publicationLink" => "<a href="https://doi.org/10.1177/0148558X221141568" target="_blank">Shaping the Information Environment: International Evidence on Financial Reporting Frequency and Analysts’ Earnings Forecast Errors</a> <a href="https://doi.org/10.1177/0148558X221141568" target="_blank">Shaping the Information Environm "
]
+lang: "en"
+"_type": "_doc"
+"_score": 8.635721
+"parent": null
}
