Please use this identifier to cite or link to this item: http://hdl.handle.net/2440/58968
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dc.contributor.authorCheong, C.en
dc.contributor.authorMasum, M.en
dc.contributor.authorZurbrugg, R.Y.en
dc.date.issued2009en
dc.identifier.citationProceedings of AFAANZ, 2009: pp.1-27en
dc.identifier.urihttp://hdl.handle.net/2440/58968-
dc.description.abstractWe examine whether financial analysts‟ forecast accuracy differs between the pre- and post- adoption of Australian Equivalents to International Financial Reporting Standards (AIFRS). We find that forecast accuracy has improved after Australia adopted AIFRS implying that it has aided analysts in their market valuation of firms. As a secondary objective, this paper also investigates the role of financial analysts in reducing information asymmetry in the Australian capital market. We find evidence that the information effect of more analysts following a stock helps to improve forecast accuracy by bringing more firm-specific information to the market.en
dc.description.statementofresponsibilityChee Seng Cheong, Mahmud Masum and Ralf Zurbrueggen
dc.language.isoenen
dc.publisherAFAANZen
dc.rightsCopyright ©2002-2008 Zakon Group LLCen
dc.source.urihttp://www.afaanz.org/openconf/2009/modules/request.php?module=oc_proceedings&action=proceedings.php&a=Accept+as+Paperen
dc.subjectAnalysts’ Forecasts; AIFRS; Information Asymmetryen
dc.titleFinancial analysts' forecast accuracy before and after AIFRSen
dc.typeConference paperen
dc.identifier.rmid0020097095en
dc.contributor.conferenceAFAANZ Conference (2009 : Adelaide, Australia)en
dc.publisher.placeonlineen
dc.identifier.pubid34631-
pubs.library.collectionBusiness School publicationsen
pubs.verification-statusVerifieden
pubs.publication-statusPublisheden
dc.identifier.orcidCheong, C. [0000-0001-8120-0167]en
dc.identifier.orcidZurbrugg, R.Y. [0000-0002-8652-0028]en
Appears in Collections:Business School publications

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