Does Meeting Earnings Expectations Matter? Evidence from Analyst Forecast Revisions and Share Prices

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How researchers see this paper

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The Financial Analyst Forecasting Literature: A Taxonomy with Suggestions for Further Research (2008, neutral): “Kasznik and McNichols (2002) Archival, I/B/E/S, 1986-1993.”
Financial Reporting and the Protection of Socioemotional Wealth in Family-Controlled Firms (2014, neutral): “…penalise firms missing the target (by lowering the stock price and increasing the cost of debt) inferring that the former are doing well and the latter face impediments to meeting earnings expectations (Bartov, Givoly, & Hayn, 2002; Jiang, 2008; Kasznik & McNichols, 2002; Skinner & Sloan, 2002).”
Impact of proximity to debt covenant violation on earnings management (2013, neutral): “Following Kasznik and McNichols (2002), we define the variable MEET as an indicator variable that equals one if the firm meets or beats the analyst median quarterly earnings forecast and zero otherwise.”
Board Independence and Real Earnings Management: The Case of R&D Expenditure (2008, neutral): “This manipulation of accounting income is perhaps unsurprising, as there exists a market premium (penalty) for meeting (missing) earnings expectations (Barth, Elliott and Finn, 1999; Kasznik and McNichols, 2002) that persists even when the targets are likely to have been met through manipulation (Ba”