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Analysts’ Forecast Accuracy in Germany: The Effect of Different Accounting Principles and Changes of Accounting Principles

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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Analysts’ Forecast Accuracy in Germany: The Effect of Different Accounting Principles and Changes of Accounting Principles. / Ernstberger, Jürgen; Krotter, Simon; Stadler, Christian.
In: BuR : Business Research, Vol. 1, No. 1, 05.2008, p. 26-53.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

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, no. 1, pp. 26-53. <http://www.business-research.org/2008/1/accounting/1391>

APA

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, 1(1), 26-53. http://www.business-research.org/2008/1/accounting/1391

Vancouver

Ernstberger J, Krotter S, Stadler C. Analysts’ Forecast Accuracy in Germany: The Effect of Different Accounting Principles and Changes of Accounting Principles. BuR : Business Research. 2008 May;1(1):26-53.

Author

Ernstberger, Jürgen ; Krotter, Simon ; Stadler, Christian. / Analysts’ Forecast Accuracy in Germany : The Effect of Different Accounting Principles and Changes of Accounting Principles. In: BuR : Business Research. 2008 ; Vol. 1, No. 1. pp. 26-53.

Bibtex

@article{d77d8a0a0609429c92e4584560440739,
title = "Analysts{\textquoteright} Forecast Accuracy in Germany: The Effect of Different Accounting Principles and Changes of Accounting Principles",
abstract = "This paper assesses the influence of an adoption of IAS/IFRS or US GAAP on the financial analysts{\textquoteright} 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.",
keywords = "Accounting, Adoption effect, Analysts, Analysts{\textquoteright} forecast accuracy, Financial analysts, German GAAP, Germany, HGB, IAS, IFRS, IFRS adoption, Learning effect, US GAAP",
author = "J{\"u}rgen Ernstberger and Simon Krotter and Christian Stadler",
note = "Copyright {\textcopyright} 2008, BuR-Business Research by VHB",
year = "2008",
month = may,
language = "English",
volume = "1",
pages = "26--53",
journal = "BuR : Business Research",
issn = "1866-8658",
number = "1",

}

RIS

TY - JOUR

T1 - Analysts’ Forecast Accuracy in Germany

T2 - The Effect of Different Accounting Principles and Changes of Accounting Principles

AU - Ernstberger, Jürgen

AU - Krotter, Simon

AU - Stadler, Christian

N1 - Copyright © 2008, BuR-Business Research by VHB

PY - 2008/5

Y1 - 2008/5

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.

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.

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

M3 - Journal article

VL - 1

SP - 26

EP - 53

JO - BuR : Business Research

JF - BuR : Business Research

SN - 1866-8658

IS - 1

ER -