Earnings management or forecast guidance to meet analyst expectations?

By Vasiliki Athanasakou, Norman Strong, Martin Walker. 2009

177 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/3e98411f75e16e5a7eb8abb5b42abce735c5f7a0

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Citations in the corpus

Real and accrual earnings management and IPO failure risk (2015, result): “…10 observations for each industry-year group and the results are qualitatively similar but this restriction leads to a large decrease in our sample size and, therefore, we follow Rosner (2003), Athanasakou et al. (2009), Iqbal et al. (2009) and Athanasakou et al. (2011) and use six observations.”
Impact of proximity to debt covenant violation on earnings management (2013, unknown): “Several studies suggest that meeting or beating analyst forecasts is an important benchmark for firms and firms are likely to manage earnings to achieve this objective (Athanasakou et al. 2008; Cohen et al. 2008; Dechow et al. 2000; Graham et al. 2005).”
The Market Reward for Achieving Analyst Earnings Expectations: Does Managing Expectations or Earnings Matter? (2011, unknown): “REMSG&A, REMPROD, REMS, and REMALL remain insignificant.20 Overall, the results in Table 2 corroborate and add to the evidence of Athanasakou et al. (2009) that U.K. firms are more likely to guide analyst forecasts or shift core expenses to non-recurring items than to manage accruals or real…”
Managerial ability and real earnings management (2017, background): “Then, we follow Athanasakou, Strong, and Walker (2009) and Abernathy et al. (2014) and classify firms as classification shifting firms if their unexpected core earnings are positive and they miss the analyst forecasts.”
How far can we trust earnings numbers? What research tells us about earnings management (2013, background): “Did some firms make classification choices to meet or beat the consensus? Athanasakou et al. (2009) found evidence that UK firms tended to use classification shifting of small negative”