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The ability of analysts' recommendations to predict optimistic and pessimistic forecasts

Vahid Biglari1, Ervina Binti Alfan, Rubi Binti Ahmad

  • 1Department of Accounting, Faculty of Business and Accountancy, University of Malaya, Kuala Lumpur, Malaysia.

Plos One
|October 23, 2013
PubMed
Summary

Growth companies use income-increasing strategies, while non-growth firms employ income-decreasing forecast management to meet financial targets. Both strategies aim to avoid negative forecast errors (FEs) efficiently.

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