Using a long sample window (1988 2007) and a difference-in-difference design, this paper examines the association between corporate diversification and analysts' efforts—as reflected in analysts' idiosyncratic information precision and analyst consensus across the old SFAS No. 14 and the new SFAS No. 131 segment reporting regime.
Updated market information and new analyst comments.
Updated share price information and added analyst comment.
Scans were coded with no identifiable information, and the analyst was blinded to subject identity and treatment outcome.
The reason the scholars believe there will be a greater number of earnings surprises is that this new rule will most likely cause companies to disseminate less information, and cause analysts to interpret that information less accurately due to the lack of private guidance.
The company is about to launch a personal finance Web site and a 24-hour interactive cable TV channel that draws heavily on information and securities analysts from Zacks Investment Research.
It was considered and weighed against all the other information available, and analysts made their best judgments".
Amid fears of information overload and analysts spontaneously combusting at their desks, Alan Clarke at Scotiabank has written a survival guide for the big day.
We asked Daniel Murray at London's Smithers &Co., which calculated many of the option- cost estimates in the preceding article, what is the minimum information shareholders and analysts need to determine the true economic cost of employee options packages.
