Openly accessible

The quality of analysts’ cash flow forecasts in China

Yao, Jun and Meng, Chenxing 2014, The quality of analysts’ cash flow forecasts in China, China accounting and finance review, vol. 16, no. 2, pp. 228-244, doi: 10.7603/s40570-014-0017-z.

Attached Files
Name Description MIMEType Size Downloads
yao-qualityofanalysts-2014.pdf Published version application/pdf 613.84KB 1

Title The quality of analysts’ cash flow forecasts in China
Author(s) Yao, JunORCID iD for Yao, Jun orcid.org/0000-0002-2313-711X
Meng, Chenxing
Journal name China accounting and finance review
Volume number 16
Issue number 2
Start page 228
End page 244
Total pages 17
Publisher The Hong Kong Polytechnic University
Place of publication Hong Kong
Publication date 2014-07
ISSN 2307-3055
Summary There is a growing literature discussing the incentives of analysts to disseminate cash flow forecasts and the quality of these forecasts. Most studies support the ‘demand hypothesis’ and suggest that cash flow forecasts contain information additional to that provided in earnings forecasts. In contrast, Givoly et al. (2009) show that cash flow forecasts are just a simple extrapolation of analysts’ earnings forecasts. In response to this challenge, Call et al (2013) point out that the regression tests in Givoly et al (2009) are non-diagnostic due to the measurement problem contained in the US dataset. We suggest that Givoly et al. ’s (2009) method can be well applied in China since Chinese data do not have the same measurement problem as that contained in US data. By replicating the studies of Givoly et al. (2009) and Call et al. (2013), we find results consistent with Givoly et al. (2009) that analysts’ cash flow forecasts appear to be naïve extensions of their earnings forecasts in China.
Language eng
DOI 10.7603/s40570-014-0017-z
Field of Research 1501 Accounting, Auditing And Accountability
HERDC Research category C1.1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2014, The Authors
Free to Read? Yes
Use Rights Creative Commons Attribution licence
Persistent URL http://hdl.handle.net/10536/DRO/DU:30113527

Document type: Journal Article
Collections: Open Access Collection
Department of Accounting
Connect to link resolver
 
Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved.

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.

Versions
Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 0 times in TR Web of Science
Scopus Citation Count Cited 0 times in Scopus
Google Scholar Search Google Scholar
Access Statistics: 10 Abstract Views, 2 File Downloads  -  Detailed Statistics
Created: Mon, 10 Sep 2018, 15:53:23 EST

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.