MARKET REACTION TO THE TIMING OF EPS FORECAST

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FOROOGHI DARYUSH; MEHRDAD AYASK SAYED SAEED

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Journal: Journal of Empirical Research in Accounting Year:2015 | Volume:5 | Issue:17 Page(s): 139-162

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Title

MARKET REACTION TO THE TIMING OF EPS FORECAST

Author(s)

FOROOGHI DARYUSH | MEHRDAD AYASK SAYED SAEED | Issue Writer Certificate

Keywords

MANAGEMENT EARNINGS FORECASTQ2

MARKET REACTIONQ1

GOOD NEWSQ2

BAD NEWSQ2

LATE ANNOUNCEMENTQ2

Abstract

This study investigates how the market reacts to a negative revision of MANAGEMENT EARNINGS FORECAST (bad news) and LATE ANNOUNCEMENT of this news. The study spans the period of 2004 (AHS) to 2011. The linear multivariate regressions have been used to test the hypotheses. We found that market reacts negatively to BAD NEWS but late news are followed by a positive MARKET REACTION. Also, there is no difference in MARKET REACTION to late and on time BAD NEWS. But LATE ANNOUNCEMENT of GOOD NEWS is followed by a positive differential reaction, as compared to on-time announcement of it.

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APA: Copy

FOROOGHI, DARYUSH, & MEHRDAD AYASK, SAYED SAEED. (2015). MARKET REACTION TO THE TIMING OF EPS FORECAST. JOURNAL OF EMPIRICAL RESEARCH IN ACCOUNTING, 5(17 ), 139-162. SID. https://sid.ir/paper/241107/en

Vancouver: Copy

FOROOGHI DARYUSH, MEHRDAD AYASK SAYED SAEED. MARKET REACTION TO THE TIMING OF EPS FORECAST. JOURNAL OF EMPIRICAL RESEARCH IN ACCOUNTING[Internet]. 2015;5(17 ):139-162. Available from: https://sid.ir/paper/241107/en

IEEE: Copy

DARYUSH FOROOGHI, and SAYED SAEED MEHRDAD AYASK, “MARKET REACTION TO THE TIMING OF EPS FORECAST,” JOURNAL OF EMPIRICAL RESEARCH IN ACCOUNTING, vol. 5, no. 17 , pp. 139–162, 2015, [Online]. Available: https://sid.ir/paper/241107/en

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