This thesis examines the stock market's assessment of corporate earnings and management earnings forecasts (MEFs). The findings show that management EPS forecasts and accuracy improve the future earnings response coefficient (FERC). The findings also reveal strong empirical evidence of a complementary relationship between earnings, MEFs, and FERC. The relation is robust in that past earnings enhance the credibility of MEFs. Based on foreign assets and the number of segments, firm diversification is negatively associated with the FERC of earnings and MEFs but exhibits a positive association for diversification measures based on foreign sales. The findings are relevant for investor decision making.
|Qualification||Doctor of Philosophy|
|Award date||20 Mar 2022|
|Publication status||Unpublished - 2021|