New Determinants of Analysts’ Earnings Forecast Accuracy

1. Front Matter

   Pages I-XXI

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2. Introduction

   • Tanja Klettke

   Pages 1-5

3. Analysts’ general forecast effort as determinant of earnings forecast accuracy

   • Tanja Klettke

   Pages 7-44

4. Analysts’ issuance of supplementary forecasts as determinant of earnings forecast accuracy

   • Tanja Klettke

   Pages 45-87

5. Concluding remarks

   • Tanja Klettke

   Pages 89-93

6. Back Matter

   Pages 95-101

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Financial analysts provide information in their research reports and thereby help forming expectations of a firm’s future business performance. Thus, it is essential to recognize analysts who provide the most precise forecasts and the accounting literature identifies characteristics that help finding the most accurate analysts. Tanja Klettke detects new relationships and identifies two new determinants of earnings forecast accuracy. These new determinants are an analyst’s “general forecast effort” and the “number of supplementary forecasts”. Within two comprehensive empirical investigations she proves these measures’ power to explain accuracy differences. Tanja Klettke’s research helps investors and researchers to identify more accurate earnings forecasts.

• Earnings forecasts
• Financial analysts
• Forecast accuracy
• Forecast effort
• Stock recommendations

• Köln, Germany

  Tanja Klettke

Dr. Tanja Klettke received her doctoral degree from the University of Cologne under the supervision of Prof. Dr. Carsten Homburg (Department of Business Administration and Management Accounting).

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