河北工业科技2018，Vol.35Issue(1)：1-6,6.DOI:10.7535/hbgykj.2018yx01001
管理层盈余预测与不对称及时性实证研究
Management earnings forecasts and measured asymmetric timeliness
摘要
Abstract
In order to analyze the relationship between asymmetry timeliness and management earnings forecasts,namely,the effect of issuing time and content classification on the asymmetry timeliness,the Basu molde is used to test the effect of earn-ings forecast on the asymmetry timeliness,the relationship between positive (negative)earnings forecasting and asymmetric timeliness,and the effect of earnings warning on the asymmetry timeliness.The study finds that the effect of asymmetric time-liness on the future earnings of the company is not significant,and the asymmetry timeliness is mainly concentrated in the neg-ative earnings surprise,which is consistent with the downward bias of the future earnings forecast,and the current disclosure of earnings warning will reduce the asymmetric timeliness of earnings and returns.Therefore,the internal earnings forecasts is-sued by management can help to ease the information asymmetry with the external information users,and meet the needs of decision-making stakeholders,and thus help to promote the transformation of the securities market to the semi-strong effective market.关键词
金融市场/管理层盈余预测/不对称及时性/自愿披露/稳健性Key words
finance markets/management earnings forecasts/asymmetric timeliness/voluntary disclosure/conservatism分类
管理科学引用本文复制引用
纪茂利,赵立平,郭艺馨..管理层盈余预测与不对称及时性实证研究[J].河北工业科技,2018,35(1):1-6,6.基金项目
辽宁省经济社会发展研究课题(2018lslktjd-001) （2018lslktjd-001）
辽宁省社会科学规划基金(L14BGL010) （L14BGL010）
