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Do managers manage earnings to just meet or beat analysts’ forecasts? Evidence from Australia
Ahsan Habib,
Lincoln University
Ahsan Habib, Lincoln University
ABSTRACT. This paper examines whether managers manage earnings to just meet or beat analysts’ forecasts in Australia.Using three different models of unexpected accruals to capture earnings management, this study fails to find any significant difference in the mean and median unexpected accruals between just meet or beat and just miss group. Furthermore, for a long period of time (1997-2002), the ratio of firms just meeting or beating analyst forecasts benchmark in Australia actually declined.
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