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Ernstberger J, Krotter S, Stadler C (2008). Analysts' Forecast Accuracy in Germany: The Effect of Different Accounting Principles and Changes of Accounting Principles. BuR - Business Research, Vol. 1, Iss. 1, pp. 26-53, URN: urn:nbn:de:0009-20-13914
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%0 Journal Article %T Analysts' Forecast Accuracy in Germany: The Effect of Different Accounting Principles and Changes of Accounting Principles %A Ernstberger, Jürgen %A Krotter, Simon %A Stadler, Christian %J BuR - Business Research %D 2008 %V 1 %N 1 %@ 1866-8658 %F ernstberger2008 %X 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. %L 330 %K accounting %K adoption effect %K analysts %K analysts’ forecast accuracy %K financial analysts %K German GAAP %K Germany %K HGB %K IAS %K IFRS %K IFRS adoption %K learning effect %K US GAAP %U http://nbn-resolving.de/urn:nbn:de:0009-20-13914 %P 26-53
Bibtex
@Article{ernstberger2008,
author = "Ernstberger, J{\"u}rgen
and Krotter, Simon
and Stadler, Christian",
title = "Analysts' Forecast Accuracy in Germany: The Effect of Different Accounting Principles and Changes of Accounting Principles",
journal = "BuR - Business Research",
year = "2008",
volume = "1",
number = "1",
pages = "26--53",
keywords = "accounting",
keywords = "adoption effect",
keywords = "analysts",
keywords = "analysts' forecast accuracy",
keywords = "financial analysts",
keywords = "German GAAP",
keywords = "Germany",
keywords = "HGB",
keywords = "IAS",
keywords = "IFRS",
keywords = "IFRS adoption",
keywords = "learning effect",
keywords = "US GAAP",
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.",
issn = "1866-8658",
url = "http://nbn-resolving.de/urn:nbn:de:0009-20-13914"
}
RIS
TY - JOUR AU - Ernstberger, Jürgen AU - Krotter, Simon AU - Stadler, Christian PY - 2008// TI - Analysts' Forecast Accuracy in Germany: The Effect of Different Accounting Principles and Changes of Accounting Principles JO - BuR - Business Research SP - 26 EP - 53 VL - 1 IS - 1 KW - accounting KW - adoption effect KW - analysts KW - analysts’ forecast accuracy KW - financial analysts KW - German GAAP KW - Germany KW - HGB KW - IAS KW - IFRS KW - IFRS adoption KW - learning effect KW - US GAAP N2 - 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. SN - 1866-8658 UR - http://nbn-resolving.de/urn:nbn:de:0009-20-13914 ID - ernstberger2008 ER -
Wordbib
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ISI
PT Journal AU Ernstberger, J Krotter, S Stadler, C TI Analysts' Forecast Accuracy in Germany: The Effect of Different Accounting Principles and Changes of Accounting Principles SO BuR - Business Research PY 2008 BP 26 EP 53 VL 1 IS 1 DE accounting; adoption effect; analysts; analysts’ forecast accuracy; financial analysts; German GAAP; Germany; HGB; IAS; IFRS; IFRS adoption; learning effect; US GAAP AB 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. ER
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Full Metadata
| Bibliographic Citation | BuR - Business Research, Vol. 1, Iss. 1, pp. 26-53 |
|---|---|
| Title | Analysts' Forecast Accuracy in Germany: The Effect of Different Accounting Principles and Changes of Accounting Principles (eng) |
| Author | Jürgen Ernstberger, Simon Krotter, Christian Stadler |
| Language | eng |
| 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. |
| Subject | accounting, adoption effect, analysts, analysts’ forecast accuracy, financial analysts, German GAAP, Germany, HGB, IAS, IFRS, IFRS adoption, learning effect, US GAAP |
| DDC | 330 |
| Rights | authorcontract |
| URN: | urn:nbn:de:0009-20-13914 |
