FINANCIAL DISCLOSURE OF LISTED ROMANIAN COMPANIES AND ANALYSTS\' FORECAST ACCURACY: AN EXPLORATORY RESEARCH
Published: 2011-01-01
Volume: No 21 - March 2011
Pages: 54|60
Authors
- Economic Studies
Abstract
The purpose of this paper is to investigate the relationship between financial disclosure of listed Romanian companies and analysts’ forecast accuracy. The results confirmed the European and the international trends showing that increased disclosure leads to lower forecast errors. For the first time for the Romania capital market, the paper documented empirically that analysts’ forecasts are more accurate for Romanian listed entities preparing financial statements conforming to IFRS.
Keywords: financial reporting, analysts’ forecast errors, IFRS adoption in Romanian
Cite this article
APA: Economic Studies (2011). FINANCIAL DISCLOSURE OF LISTED ROMANIAN COMPANIES AND ANALYSTS\' FORECAST ACCURACY: AN EXPLORATORY RESEARCH. Internal Auditing & Risk Management, Vol. 21, No. 21, pp. 54-60.
BibTeX:
@article{economicstudies2011498,
title = {FINANCIAL DISCLOSURE OF LISTED ROMANIAN COMPANIES AND ANALYSTS\' FORECAST ACCURACY: AN EXPLORATORY RESEARCH},
author = {Economic Studies},
journal = {Internal Auditing & Risk Management},
year = {2011},
volume = {21},
pages = {54----60},
doi = {}
}