The Effection of Unaudited Earnings on Error and Dispersion degree for Analysts Forecasts

• Main Authors: Wen-ru Wang, 王汶如
• Other Authors: Shou-Min Tsao
• Format: Others
• Language: zh-TW
• Published: 2012
• Online Access: http://ndltd.ncl.edu.tw/handle/15773756689248654257

碩士 === 國立中央大學 === 企業管理研究所 === 100 === The main purpose of this study is to examine the influence of unaudited earnings on analysts’ forecast. We investigate whether unaudited earnings can help external information users to reduce information asymmetry. This study also examined the relationship between unaudited earnings and analysts’ judgment. According to the analysts’ forecasted data from year 2002 to 2010 in Taiwan security market, the main results of this study are as follows: First, unaudited earnings could reduce analysts’ forecast error but couldn’t reduce analysts’ forecast dispersion degree. Secondly, voluntary unaudited earnings could significantly reduce analysts’ forecast error and forecast dispersion degree, but mandatory unaudited earnings couldn’t.