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首页> 外文学位 >THE IMPACT OF FOREIGN CURRENCY TRANSLATION METHOD CHANGE ON THE ACCURACY OF THE FINANCIAL ANALYSTS' EARNINGS FORECASTS (FOREIGN CURRENCY TRANSLATION, FASB 52).
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THE IMPACT OF FOREIGN CURRENCY TRANSLATION METHOD CHANGE ON THE ACCURACY OF THE FINANCIAL ANALYSTS' EARNINGS FORECASTS (FOREIGN CURRENCY TRANSLATION, FASB 52).

机译：外国货币换算方法的改变对财务分析师收益预测准确性的影响（外国货币换算，FASB 52）。

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摘要

Prior research has shown that the change in accounting standards may have distributional consequences. Investors prefer the accounting methods that facilitate more accurate predictions of future earnings--investors' welfare is a positive function of their ability to predict future earnings. This study uses the financial analysts' earnings forecasts as a proxy for the unobservable market expectations, to test the hypothesis that the change in foreign currency translation rule from FAS8 to FAS52 has improved earnings forecasting. Forecast errors of a matched sample of mutinational companies (MNCs) and domestic companies (DCs) for the period 1978-80 (FAS8) is compared with the forecast errors of the same companies during 1983-85 period (FAS52). The profile analysis of the data reveals results opposite to what was expected--forecast accuracy deteriorated after the change in foreign currency translation standard. However, since the change in forecast errors of the MNCs parallels the change in forecast errors of the DCs (control group) one cannot attribute the worsening of the forecast accuracy to a change in a single accounting standard.
机译：先前的研究表明，会计准则的变更可能会产生分配结果。投资者更喜欢采用能够更准确地预测未来收益的会计方法-投资者的福利是其预测未来收益能力的积极作用。这项研究使用财务分析师的收益预测作为无法观察到的市场预期的替代指标，以检验以下假设：从FAS8到FAS52的外币换算规则的变化改善了收益预测。将匹配的跨国公司（MNC）和国内公司（DC）在1978-80年期间的预测误差（FAS8）与同一公司在1983-85年期间的预测误差进行比较（FAS52）。数据的概况分析显示与预期相反的结果-更改外币换算标准后，预测准确性下降。但是，由于跨国公司的预测误差的变化与DC（控制组）的预测误差的变化平行，因此不能将预测准确性的恶化归因于单一会计准则的变化。

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  • 作者

    SHEIKHOLESLAMI, MEHDI.;

  • 作者单位

    The University of Texas at Dallas.;

  • 授予单位 The University of Texas at Dallas.;
  • 学科 Business Administration Accounting.
  • 学位 Ph.D.
  • 年度 1986
  • 页码 99 p.
  • 总页数 99
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类 康复医学;
  • 关键词

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