Changes in Analysts' Information around Earnings Announcements

By Orie E. Barron, Donal Byard, Oliver Kim. 2002

252 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/c8ca697e02dbe5caeeb27c257d3b6e812652531f

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Citations in the corpus

Fair value accounting: information or confusion for financial markets? (2014, unknown): “To understand the mechanisms that underlie the effect of FVA disclosure and measurement on analysts’ forecasts accuracy and dispersion, we adopt the more focused approach developed in Barron et al. (1998). As discussed by Barron et al. (2002a), changes in dispersion and accuracy can reflect both the”
Using earnings conference calls to identify analysts with superior private information (2013, background): “2 Barron et al. (1998) have developed the BKLS measure which proxies for the extent of private information collectively held among all analysts following a firm but does not accommodate private information measurement at the individual analyst level, nor whether such private information is different”
Analyst Information Discovery and Interpretation Roles: A Topic Modeling Approach (2018, unknown): “20 As Berger (2011) and Beyer, Cohen, Lys, and Walther (2010) point out, other measures of competition in the existing literature (e.”
Trading Volume Around Earnings Announcements and Other Financial Reports: Theory, Research Design, Empirical Evidence, and Directions for Future Research (2010, unknown): “…to private information that is only useful in conjunction with an earnings announcement, evidence suggests that certain individuals extract or develop private information as a result of earnings announcements (Barron et al. 2002), consistent with Kim and Verrecchia’s (1997) theoretical prediction.”
Corporate Social Performance, Analyst Stock Recommendations, and Firm Future Returns (2015, unknown): “11 .p df T ho m as W ei se l Pa rt ne rs 20 03 C er ne r P ro du ct O th er st re ng th : T he co m pa ny ’s pr od uc ts ha ve no ta bl e so ci al be ne fit s th at ar e hi gh ly un us ua l or un iq ue fo r its in du st ry .”
How Has Regulation FD Affected the Operations of Financial Analysts (2006, methodology): “Consistent with prior papers using the Barron et al. 1998 model empirically (Barron et al. 2002), we leave the negative numbers unchanged, though CAR Vol. 23 No. 2 (Summer 2006) our results are unchanged if we set these to zero.”
Analyst Initiations of Coverage and Stock Return Synchronicity (2012, unknown): “13 Barron et al. (2002) show that earnings announcements trigger analyst information production.”
Forward-Looking Disclosures, Financial Verifiability and Analysts' Forecasts: A Study of Cross-Listed European Firms (2009, background): “Barron et al. (2002) show that the commonality of information among active analysts decreases around earnings announcements, providing empirical support to the Kim and Verrecchia (1994) model.”
Textual risk disclosures and investors’ risk perceptions (2013, unknown): “This expectation is in line with Barron et al. (2002), who document that commonality of information among active analysts decreases around earnings announcements, and with Kim and Verrecchia (1991), who argue that analysts generate idiosyncratic information around earnings announcements.”
On the Relationship between Analyst Reports and Corporate Disclosures: Exploring the Roles of Information Discovery and Interpretation (2010, background): “An analyst with accounting expertise can help investors to understand the meaning of certain accruals while an analyst with training on political economics can better understand the implication of backorders from Brazil (Barron et al. 2002).”