EconPapers    
Economics at your fingertips  
 

Security Price Reaction to Qualitative Forecast Infor Mation

N. A. Sinclair, V. A. Fatseas and K. T. Trotman
Additional contact information
N. A. Sinclair: Faculty of Economics & Commerce, The University of Melbourne.
V. A. Fatseas: Faculty of Commerce, The University of New South Wales.
K. T. Trotman: Faculty of Commerce, The University of New South Wales.

Australian Journal of Management, 1986, vol. 11, issue 2, 231-240

Abstract: This study extends previous studies on the infor Mation content of voluntary quantitative forecasts by examining a sample of Australian qualitative forecasts. Content analysis was used to classify these forecasts into four categories. The direction of the share price revision was consistent with the direction of the qualitative forecast for all categories, but only unfavourable and qualified favourable qualitative forecasts were associated with statistically significant and marginally significant price revisions respectively.

Keywords: QUALITATIVE FORECASTS; CAPITAL MARKET; CONTENT ANALYSIS (search for similar items in EconPapers)
Date: 1986
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/031289628601100207 (text/html)

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:sae:ausman:v:11:y:1986:i:2:p:231-240

DOI: 10.1177/031289628601100207

Access Statistics for this article

More articles in Australian Journal of Management from Australian School of Business
Bibliographic data for series maintained by SAGE Publications ().

 
Page updated 2025-03-19
Handle: RePEc:sae:ausman:v:11:y:1986:i:2:p:231-240