FINANCIAL DISCLOSURE OF LISTED ROMANIAN COMPANIES AND ANALYSTS' FORECAST ACCURACY: AN EXPLORATORY RESEARCH

Mihaela Iona?cu ()
Additional contact information
Mihaela Iona?cu: Academy of Economic Studies Bucharest

Internal Auditing and Risk Management, 2011, vol. 1, issue 6(21), 50-56

Abstract: The purpose of this paper is to investigate the relationship between financial disclosure of listed Romanian companies and analysts’ forecast accuracy. The results confirmed the European and the international trends showing that increased disclosure leads to lower forecast errors. For the first time for the Romania capital market, the paper documented empirically that analysts’ forecasts are more accurate for Romanian listed entities preparing financial statements conforming to IFRS.

Keywords: financial reporting; analysts’ forecast errors; IFRS adoption in Romanian (search for similar items in EconPapers)
JEL-codes: G32 M41 (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
http://aimr.univath.ro/archive/atharticles/2011-1/2011-1-3.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ath:journl:tome:21:y:2011(vi):i:6(21):p:50-56

Access Statistics for this article

Internal Auditing and Risk Management is currently edited by Emilia Vasile

More articles in Internal Auditing and Risk Management from Athenaeum University of Bucharest Contact information at EDIRC.
Bibliographic data for series maintained by Cosmin Catalin Olteanu and Emilia Vasile ().