Academic Research Seminar（SESAMI Program／RIEBセミナー／TJAR Workshop共催）
Academic Research Seminar (Jointly supported by: SESAMI Program / RIEB Seminar / TJAR Workshop)
| 日時 | 2016年3月14日（月）午前11時00分から午後12時30分まで |
|---|---|
| 会場 | 神戸大学大学院経営学研究科 208教室（本館2階） |
| 対象 | 教員、院生、学部生、および同等の知識をお持ちの方 |
| 使用言語 | 英語 |
| 備考 | 論文のコピーは共同研究推進室にご用意いたします。 |
11:00am～12:30pm
| 報告者 | Jay Junghun LEE |
|---|---|
| 所属 | マサチューセッツ大学ボストン校カレッジ・オブ・マネジメント |
| 論題 | Financial Statement Comparability and Analysts' Over-optimism for Accruals |
| 要旨 | This study examines the role of financial statement comparability in mitigating analysts' over-optimism for accruals. Prior research shows that sell-side analysts do not fully incorporate accrual information in anticipating future earnings and thus tend to issue more optimistic forecasts for firms with a higher level of accruals. Using the financial statement comparability measure developed by De Franco, Kothari and Verdi (2011), we find that analysts' over-optimism for accruals is significantly moderated for firms with a high degree of financial statement comparability. Our evidence suggests that financial statement comparability helps analysts process and interpret accrual information, thereby improving their forecast accuracy. |