An Improved Earnings Forecasting Model
An Improved Earnings Forecasting Model
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改进的盈利预测模型
DOI：
10.2139/ssrn.2802019
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发表时间：
2013
期刊：
影响因子：
--
通讯作者：
Pengguo Wang
中科院分区：
文献类型：
--
作者：
Richard D. F. Harris;Pengguo Wang
在本文中，我们使用Ashton和Wang（2013）开发的盈利模型来预测单个公司未来一至三年的盈利。我们发现，该模型产生的未来盈利预测，是更少的偏见和更多的信息比共识分析师的盈利预测报告的IBES和最近开发的基于模型的预测侯，货车Dijk和张（2012年）。
In this paper, we employ the earnings model developed in Ashton and Wang (2013) to forecast the one- to three-year ahead earnings of individual companies. We find that the model produces forecasts of future earnings that are less biased and more informative than both the consensus analysts’ earnings forecasts reported by IBES and the recently developed model-based forecasts of Hou, van Dijk and Zhang (2012).