Ernstberger, Jürgen and Krotter, Simon and Stadler, Christian (2008) Analysts’ Forecast Accuracy in Germany:The Effect of Different Accounting Principles and Changes of Accounting Principles. BuR: Business Research, 1 (1). pp. 26-53. ISSN 1866-8658
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Abstract
This paper assesses the influence of an adoption of IAS/IFRS or US GAAP on the financial analysts’ forecast accuracy in a homogenous institutional framework. Our findings suggest that the forecast accuracy is higher for estimates based on IFRS or US GAAP data than for forecasts based on German GAAP data. Moreover, in the year of switching from German GAAP to US GAAP the forecast accuracy is lower than in other years. The paper contributes to prior research by providing evidence about the usefulness of international accounting data and about the adoption effects of a change to such accounting principles.
| Item Type: | Article |
|---|---|
| Journal or Publication Title: | BuR: Business Research |
| Additional Information: | Copyright © 2008, BuR-Business Research by VHB |
| Uncontrolled Keywords: | Accounting ; Adoption effect ; Analysts ; Analysts’ forecast accuracy ; Financial analysts ; German GAAP ; Germany ; HGB ; IAS ; IFRS ; IFRS adoption ; Learning effect ; US GAAP |
| Subjects: | UNSPECIFIED |
| Departments: | Lancaster University Management School > Accounting & Finance |
| ID Code: | 50261 |
| Deposited By: | ep_importer_pure |
| Deposited On: | 06 Oct 2011 17:01 |
| Refereed?: | Yes |
| Published?: | Published |
| Last Modified: | 26 Jul 2012 19:37 |
| Identification Number: | |
| URI: | http://eprints.lancs.ac.uk/id/eprint/50261 |
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