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Tác giả CN
| Xiaomeng, Chen. | |
Nhan đề
| Exploration intensity, analysts’ private information development and their forecast performance / Xiaomeng Chen, Sue Wright, Hai Wu. | |
Thông tin xuất bản
| 2018. | |
Mô tả vật lý
| p. 77-107. | |
Tóm tắt
| This study examines whether analysts in the extractive industries in Australia adjust their private information searching and processing in response to the complexity of information about a firm’s exploration and evaluation (E&E) activities. We find that both the proportion of private information in their forecasts and the accuracy of their forecasts increase with the intensity of E&E activities. Additional analyses reveal that this effect is more pronounced for firms with substantial E&E activities but limited production activities, and that analysts’ private information development activities are mainly related to the capitalized E&E expenditures. Our results provide guidance for both investors and future standard setters. They show that investors can benefit from analysts’ expertise in situations of high information asymmetry. They also provide evidence of the advantage of distinguishing successful from unsuccessful investments in resource exploration when accounting for E&E expenditures, which may inform future decisions about accounting for intangible assets. | |
Đề mục chủ đề
| Phân tích thống kê. | |
Đề mục chủ đề
| Statistic Analysis. | |
Thuật ngữ không kiểm soát
| Tài sản vô hình. | |
Thuật ngữ không kiểm soát
| Intangible assets. | |
Thuật ngữ không kiểm soát
| Analysts. | |
Thuật ngữ không kiểm soát
| Công nghiệp khai khoáng. | |
Thuật ngữ không kiểm soát
| Exploration and evaluation expenditures. | |
Thuật ngữ không kiểm soát
| Extractive industries. | |
Nguồn trích
| Accounting and Business Research- Volume 48, No 1 |
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| 041 | 0 |aeng |
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| 044 | |avm |
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| 100 | 0 |aXiaomeng, Chen. |
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| 245 | 10|aExploration intensity, analysts’ private information development and their forecast performance / |cXiaomeng Chen, Sue Wright, Hai Wu. |
|---|
| 260 | |c2018. |
|---|
| 300 | 10|ap. 77-107. |
|---|
| 520 | |aThis study examines whether analysts in the extractive industries in Australia adjust their private information searching and processing in response to the complexity of information about a firm’s exploration and evaluation (E&E) activities. We find that both the proportion of private information in their forecasts and the accuracy of their forecasts increase with the intensity of E&E activities. Additional analyses reveal that this effect is more pronounced for firms with substantial E&E activities but limited production activities, and that analysts’ private information development activities are mainly related to the capitalized E&E expenditures. Our results provide guidance for both investors and future standard setters. They show that investors can benefit from analysts’ expertise in situations of high information asymmetry. They also provide evidence of the advantage of distinguishing successful from unsuccessful investments in resource exploration when accounting for E&E expenditures, which may inform future decisions about accounting for intangible assets. |
|---|
| 650 | 00|aPhân tích thống kê. |
|---|
| 650 | 00|aStatistic Analysis. |
|---|
| 653 | 0 |aTài sản vô hình. |
|---|
| 653 | 0 |aIntangible assets. |
|---|
| 653 | 0 |aAnalysts. |
|---|
| 653 | 0 |aCông nghiệp khai khoáng. |
|---|
| 653 | 0 |aExploration and evaluation expenditures. |
|---|
| 653 | 0 |aExtractive industries. |
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| 773 | 0 |tAccounting and Business Research|gVolume 48, No 1 |
|---|
| 890 | |a0|b0|c0|d0 |
|---|
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