This study examines the various firm characteristic factors influencing on financial analysts' earnings forecast errors. In order to perform my research objectives, most of earnings forecasts in Korea are to used to calculate forecast errors and to fi...
This study examines the various firm characteristic factors influencing on financial analysts' earnings forecast errors. In order to perform my research objectives, most of earnings forecasts in Korea are to used to calculate forecast errors and to find relevant factors related to those forecast errors. According to empirical results the more the number of analyst following and the major equity proportion, the less forecast dispersion and time series precision, the less forecast errors are shown. However, firm size is not significantly related to the forecast errors. Finally, forecast errors of Kosdaq market are greater than those of KSE market as expected.