Analysts’ Forecast Accuracy in Germany:The Effect of Different Accounting Principles and Changes of Accounting Principles

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:
Journal Article
Journal or Publication Title:
BuR : Business Research
Additional Information:
Copyright © 2008, BuR-Business Research by VHB
Subjects:
ID Code:
50261
Deposited By:
Deposited On:
06 Oct 2011 16:01
Refereed?:
Yes
Published?:
Published
Last Modified:
01 Dec 2020 01:23