Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Tests

Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Tests

Journal of Accounting Research.
1976, Vol. 14, Issue 2, Pages 246-276

The disclosure of corporate forecasts of projected annual earnings was a topic of intensive debate within the investment community during the years 1970-75. Questions of accuracy, objectivity, independent certification, and investment utility were examined from a number of theoretic and pragmatic viewpoints