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quarterly financial accounting journal 2020, 12(45): 30-62 Back to browse issues page
Providing A Model for Management Earnings Forecast Bias
Vahid Oskou1, Hossein Fakhari 1
1- University of Mazandaran
Abstract:   (1006 Views)
Despite The Important Role That Management Profit Forecasting Plays In The Decision Making Of Capital Market Actors, These Predictions Appear To Be Biased. In The Attempt To Measure The Bias Of Predicting Profit Management, Numerous One- Dimensional Measurement Tools Have Been Proposed In The Accounting And Finance Literature. Despite These Efforts, No Comprehensive Composite Index Has Been Developed To Measure Managementchr('39')s Earnings Forecast Bias. Accordingly, The Present Study Seeks To Provide A Comprehensive Composite Index To Measure Managementchr('39')s Earnings Forecast Bias. Therefore, Using Multi-Criteria Decision Making Technique (Best - Worst), We Combine Multiple Individual Indices In Accounting And Financial Literature With Expert Opinion Polls And Provide A Comprehensive Index For Measuring Management Profit Forecast Bias. The Findings Show That The Aforementioned Composite Index Includes Criteria Such As Current And Previous Period Management Earnings Forecast Error, Total Accruals Of Current Period And Previous Period, Management Bonus Changes And Changes In Cash Flow From Operational Activities. According To Experts Among These Criteria, The Previous Period Management Is The Worst Criterion, And The Management Bonus Changes Is The Best Measure To Measure Managementchr('39')s Earnings Forecast Bias. Also The Evaluation Of The Obtained Composite Index Shows That It Has Higher Predictive Power Than The Individual Criteria. These Findings Can Be Useful For Investors And Analysts In Making Economic Decisions To Provide A Composite Index.
Keywords: Combined Index, Management Earnings Forecast Bias, Management Bonus Changes, Total Accruals, Cash Flow Changes From Operating Activities
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Type of Study: Research | Subject: Special
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Oskou V, Fakhari H. Providing A Model for Management Earnings Forecast Bias. quarterly financial accounting journal. 2020; 12 (45) :30-62
URL: http://qfaj.ir/article-1-1986-en.html

year 12, Issue 45 (2020) Back to browse issues page
فصلنامه حسابداری مالی Quarterly Financial Accounting
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