Home > Research > Publications & Outputs > Analysts’ Forecast Accuracy in Germany

Electronic data

  • Ernstberger

    Final published version, 513 KB, PDF document

    Available under license: CC BY


View graph of relations

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

Research output: Contribution to Journal/MagazineJournal articlepeer-review

<mark>Journal publication date</mark>05/2008
<mark>Journal</mark>BuR : Business Research
Issue number1
Number of pages28
Pages (from-to)26-53
Publication StatusPublished
<mark>Original language</mark>English


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.

Bibliographic note

Copyright © 2008, BuR-Business Research by VHB