How Long to Read The Accuracy of Analyst Forecasts

How Long Does it Take to Read The Accuracy of Analyst Forecasts?

It takes the average reader 1 hour and 41 minutes to read The Accuracy of Analyst Forecasts by Patrick J. Butler

Assuming a reading speed of 250 words per minute. Learn more

Description

Inhaltsangabe:Abstract: This paper investigates the quality of financial analysts' earnings forecasts for companies which conducted initial public offerings (IPOs) during the years 1997 to 1999. The Neue Markt in Frankfurt offers a good setting to also study the development of a young market from the beginning of its operation onwards. I find support for the notion that initial returns and analysts' forecast accuracy are negatively related. I find that analysts' forecasts were by no means accurate. Mean forecast deviation, measured as percent deviation from actual earnings per share for the fiscal year, is 186.61 percent for the average broker. The sample is inhibited by serious availability problems, but all the same allows significant findings. Inhaltsverzeichnis:Table of Contents: 1.Introduction5 2.Literature10 2.1Banking systems the German framework10 2.2Conflict of interest as regulated in the German legal system12 2.3The quality of analysts' forecasts and conflicts of interest16 2.4The long-run underperformance phenomenon23 2.5Predicting the aftermarket performance of IPOs27 2.6Summary39 3.Data41 4.Method49 5.Empirical Results53 5.1IPOs differentiated by year of issue53 5.2Disparities of actual values58 5.3Earning per share found in annual reports as basis62 5.4IPOs differentiated by industry classification67 5.5Percentage deviations differentiated by Brokers73 6.Additional Results80 6.1Large German banks seasoned vs. IPO companies80 6.2The time factor86 6.3The relevance of accounting policy88 7.Summary and Conclusion92 8.References95

How long is The Accuracy of Analyst Forecasts?

The Accuracy of Analyst Forecasts by Patrick J. Butler is 98 pages long, and a total of 25,284 words.

This makes it 33% the length of the average book. It also has 31% more words than the average book.

How Long Does it Take to Read The Accuracy of Analyst Forecasts Aloud?

The average oral reading speed is 183 words per minute. This means it takes 2 hours and 18 minutes to read The Accuracy of Analyst Forecasts aloud.

What Reading Level is The Accuracy of Analyst Forecasts?

The Accuracy of Analyst Forecasts is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Accuracy of Analyst Forecasts?

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