Journal of

Marketing Development and Competitiveness

Scholar Gateway

Abstracts prior to volume 5(1) have been archived!

Issue 5(1), October 2010 -- Paper Abstracts

Girard  (p. 9-22)

Cooper (p. 23-32)

Kunz-Osborne (p. 33-41)

Coulmas-Law (p.42-46)

Stasio (p. 47-56)

Albert-Valette-Florence (p.57-63)

Zhang-Rauch (p. 64-70)

Alam-Yasin (p. 71-78)

Mattare-Monahan-Shah (p. 79-94)

Nonis-Hudson-Hunt (p. 95-106)

JOURNAL OF APPLIED BUSINESS AND ECONOMICS

Analyst Earnings Forecasts in BRIC Countries

Author(s): Manoj Athavale, Mark Myring, Ron Groeber

Citation: Manoj Athavale, Mark Myring, Ron Groeber, (2013) "Analyst Earnings Forecasts in BRIC Countries," Journal of Applied Business and Economics, Vol. 14, Iss. 5, pp. 71-82

Article Type: Research paper

Publisher: North American Business Press

Abstract:

We examine time-series variations in the accuracy of earnings forecasts made by financial analysts in

BRIC countries and factors that have traditionally been used to explain these variations. Our analysis

shows that the analyst earnings forecast accuracy is high and has stayed relatively constant over our

sample period (1994-2009). While the timeliness of the forecasts has also stayed relatively constant, the

frequency of forecasts and the experience of the analysts making the forecast have shown improvement.

Finally, while the number of companies covered by analysts and the extent of industry specialization has

stayed relatively constant in the aggregate, there is greater convergence amongst the countries. These

results challenge the conventional notion that some analyst-specific characteristics can influence an

analyst’s ability to make accurate forecasts.