Items related to The Accuracy of Analyst Forecasts: IPOs at the Neue...
Synopsis
Diplomarbeit, die am 26.08.2002 erfolgreich an einer Wirtschaftsuniversität in Österreich eingereicht wurde. Abstract: This paper investigates the quality of financial analysts' earnings forecasts for companies which conducted initial public offerings (IPOs) during the years 1997 to 1999. The Neue Markt in Frankfurt offers a good setting to also study the development of a young market from the beginning of its operation onwards. I find support for the notion that initial returns and analysts' forecast accuracy are negatively related. I find that analysts' forecasts were by no means accurate. Mean forecast deviation, measured as percent deviation from actual earnings per share for the fiscal year, is 186.61 percent for the average broker. The sample is inhibited by serious availability problems, but all the same allows significant findings. Table of Contents: 1.|Introduction|5 2.|Literature|10 2.1|Banking systems - the German framework|10 2.2|Conflict of interest as regulated in the German legal system|12 2.3|The quality of analysts' forecasts and conflicts of interest|16 2.4|The long-run underperformance phenomenon|23 2.5|Predicting the aftermarket performance of IPOs|27 2.6|Summary|39 3.|Data|41 4.|Method|49 5.|Empirical Results|53 5.1|IPOs differentiated by year of issue|53 5.2|Disparities of actual values|58 5.3|Earning per share found in annual reports as basis|62 5.4|IPOs differentiated by industry classification|67 5.5|Percentage deviations differentiated by Brokers|73 6.|Additional Results|80 6.1|Large German banks - seasoned vs. IPO companies|80 6.2|The time factor|86 6.3|The relevance of accounting policy|88 7.|Summary and Conclusion|92 8.|References|95...
"synopsis" may belong to another edition of this title.
Search results for The Accuracy of Analyst Forecasts: IPOs at the Neue...
Seller Image
The Accuracy of Analyst Forecasts
Print on DemandSeller: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, Germany
Seller rating 5 out of 5 stars
Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -Diploma Thesis from the year 2002 in the subject Business economics - Investment and Finance, grade: 1,0, Vienna University of Economics and Business (unbekannt), language: English, abstract: Inhaltsangabe:Abstract:This paper investigates the quality of financial analysts' earnings forecasts for companies which conducted initial public offerings (IPOs) during the years 1997 to 1999. The Neue Markt in Frankfurt offers a good setting to also study the development of a young market from the beginning of its operation onwards. I find support for the notion that initial returns and analysts' forecast accuracy are negatively related. I find that analysts' forecasts were by no means accurate. Mean forecast deviation, measured as percent deviation from actual earnings per share for the fiscal year, is 186.61 percent for the average broker. The sample is inhibited by serious availability problems, but all the same allows significant findings.Inhaltsverzeichnis:Table of Contents:1.Introduction52.Literature102.1Banking systems the German framework102.2Conflict of interest as regulated in the German legal system122.3The quality of analysts' forecasts and conflicts of interest162.4The long-run underperformance phenomenon232.5Predicting the aftermarket performance of IPOs272.6Summary393.Data414.Method495.Empirical Results535.1IPOs differentiated by year of issue535.2Disparities of actual values585.3Earning per share found in annual reports as basis625.4IPOs differentiated by industry classification675.5Percentage deviations differentiated by Brokers736.Additional Results806.1Large German banks seasoned vs. IPO companies806.2The time factor866.3The relevance of accounting policy887.Summary and Conclusion928.References95 104 pp. Englisch. Seller Inventory # 9783838661674
Buy New
US$ 56.60
US$ 26.33 shipping
Ships from Germany to U.S.A.
Ships from Germany to U.S.A.
Quantity: 2 available
Stock Image
The Accuracy of Analyst Forecasts
Print on DemandSeller: PBShop.store US, Wood Dale, IL, U.S.A.
Seller rating 5 out of 5 stars
PAP. Condition: New. New Book. Shipped from UK. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Seller Inventory # L0-9783838661674
Stock Image
The Accuracy of Analyst Forecasts: IPOs at the Neue Markt in Frankfurt
Published by
Diplomarbeiten Agentur diplom.de, 2002
ISBN 10: 3838661672
ISBN 13: 9783838661674
New
Softcover
Seller: California Books, Miami, FL, U.S.A.
Seller rating 5 out of 5 stars
Condition: New. Seller Inventory # I-9783838661674
Stock Image
The Accuracy of Analyst Forecasts
Print on DemandSeller: PBShop.store UK, Fairford, GLOS, United Kingdom
Seller rating 5 out of 5 stars
PAP. Condition: New. New Book. Delivered from our UK warehouse in 4 to 14 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Seller Inventory # L0-9783838661674
Buy New
US$ 89.59
US$ 5.55 shipping
Ships from United Kingdom to U.S.A.
Ships from United Kingdom to U.S.A.
Quantity: Over 20 available
Stock Image
The Accuracy of Analyst Forecasts: IPOs at the Neue Markt in Frankfurt
Published by
Diplomarbeiten Agentur diplom.de, 2002
ISBN 10: 3838661672
ISBN 13: 9783838661674
New
Softcover
Seller: Ria Christie Collections, Uxbridge, United Kingdom
Seller rating 5 out of 5 stars
Condition: New. In English. Seller Inventory # ria9783838661674_new
Buy New
US$ 95.25
US$ 12.50 shipping
Ships from United Kingdom to U.S.A.
Ships from United Kingdom to U.S.A.
Quantity: Over 20 available
Stock Image
The Accuracy of Analyst Forecasts
Print on DemandSeller: moluna, Greven, Germany
Seller rating 5 out of 5 stars
Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Diploma Thesis from the year 2002 in the subject Business economics - Investment and Finance, grade: 1,0, Vienna University of Economics and Business (unbekannt), language: English, abstract: Inhaltsangabe:Abstract:This paper investigates the quality . Seller Inventory # 5425405
Buy New
US$ 56.60
US$ 56.08 shipping
Ships from Germany to U.S.A.
Ships from Germany to U.S.A.
Quantity: Over 20 available
Seller Image
The Accuracy of Analyst Forecasts
Print on DemandSeller: buchversandmimpf2000, Emtmannsberg, BAYE, Germany
Seller rating 5 out of 5 stars
Taschenbuch. Condition: Neu. This item is printed on demand - Print on Demand Titel. Neuware -Inhaltsangabe:Abstract:This paper investigates the quality of financial analysts' earnings forecasts for companies which conducted initial public offerings (IPOs) during the years 1997 to 1999. The Neue Markt in Frankfurt offers a good setting to also study the development of a young market from the beginning of its operation onwards. I find support for the notion that initial returns and analysts' forecast accuracy are negatively related. I find that analysts' forecasts were by no means accurate. Mean forecast deviation, measured as percent deviation from actual earnings per share for the fiscal year, is 186.61 percent for the average broker. The sample is inhibited by serious availability problems, but all the same allows significant findings.Inhaltsverzeichnis:Table of Contents:1.Introduction52.Literature102.1Banking systems the German framework102.2Conflict of interest as regulated in the German legal system122.3The quality of analysts' forecasts and conflicts of interest162.4The long-run underperformance phenomenon232.5Predicting the aftermarket performance of IPOs272.6Summary393.Data414.Method495.Empirical Results535.1IPOs differentiated by year of issue535.2Disparities of actual values585.3Earning per share found in annual reports as basis625.4IPOs differentiated by industry classification675.5Percentage deviations differentiated by Brokers736.Additional Results806.1Large German banks seasoned vs. IPO companies806.2The time factor866.3The relevance of accounting policy887.Summary and Conclusion928.References95Diplomica Verlag, Hermannstal 119k, 22119 Hamburg 104 pp. Englisch. Seller Inventory # 9783838661674
Buy New
US$ 56.60
US$ 68.69 shipping
Ships from Germany to U.S.A.
Ships from Germany to U.S.A.
Quantity: 1 available
Seller Image
The Accuracy of Analyst Forecasts : IPOs at the Neue Markt in Frankfurt
Print on DemandSeller: AHA-BUCH GmbH, Einbeck, Germany
Seller rating 5 out of 5 stars
Taschenbuch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - Diploma Thesis from the year 2002 in the subject Business economics - Investment and Finance, grade: 1,0, Vienna University of Economics and Business (unbekannt), language: English, abstract: Inhaltsangabe:Abstract:This paper investigates the quality of financial analysts' earnings forecasts for companies which conducted initial public offerings (IPOs) during the years 1997 to 1999. The Neue Markt in Frankfurt offers a good setting to also study the development of a young market from the beginning of its operation onwards. I find support for the notion that initial returns and analysts' forecast accuracy are negatively related. I find that analysts' forecasts were by no means accurate. Mean forecast deviation, measured as percent deviation from actual earnings per share for the fiscal year, is 186.61 percent for the average broker. The sample is inhibited by serious availability problems, but all the same allows significant findings.Inhaltsverzeichnis:Table of Contents:1.Introduction52.Literature102.1Banking systems the German framework102.2Conflict of interest as regulated in the German legal system122.3The quality of analysts' forecasts and conflicts of interest162.4The long-run underperformance phenomenon232.5Predicting the aftermarket performance of IPOs272.6Summary393.Data414.Method495.Empirical Results535.1IPOs differentiated by year of issue535.2Disparities of actual values585.3Earning per share found in annual reports as basis625.4IPOs differentiated by industry classification675.5Percentage deviations differentiated by Brokers736.Additional Results806.1Large German banks seasoned vs. IPO companies806.2The time factor866.3The relevance of accounting policy887.Summary and Conclusion928.References95. Seller Inventory # 9783838661674
Buy New
US$ 56.60
US$ 69.63 shipping
Ships from Germany to U.S.A.
Ships from Germany to U.S.A.
Quantity: 1 available
Seller Image
The Accuracy of Analyst Forecasts | IPOs at the Neue Markt in Frankfurt
Print on DemandSeller: preigu, Osnabrück, Germany
Seller rating 5 out of 5 stars
Taschenbuch. Condition: Neu. The Accuracy of Analyst Forecasts | IPOs at the Neue Markt in Frankfurt | Patrick J. Butler | Taschenbuch | 104 S. | Englisch | 2002 | [.] | EAN 9783838661674 | Verantwortliche Person für die EU: Bedey und Thoms Media GmbH, Hermannstal 119k, 22119 Hamburg, kontakt[at]bedey-media[dot]de | Anbieter: preigu Print on Demand. Seller Inventory # 105469872
Buy New
US$ 56.60
US$ 80.14 shipping
Ships from Germany to U.S.A.
Ships from Germany to U.S.A.
Quantity: 5 available
Stock Image
The Accuracy of Analyst Forecasts: IPOs at the Neue Markt in Frankfurt
Published by
Diplomarbeiten Agentur diplom.de, 2002
ISBN 10: 3838661672
ISBN 13: 9783838661674
Used
paperback
Seller: Mispah books, Redhill, SURRE, United Kingdom
Seller rating 4 out of 5 stars
paperback. Condition: Like New. LIKE NEW. SHIPS FROM MULTIPLE LOCATIONS. book. Seller Inventory # ERICA80038386616726
Buy Used
US$ 170.43
US$ 33.36 shipping
Ships from United Kingdom to U.S.A.
Ships from United Kingdom to U.S.A.
Quantity: 1 available