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dc.contributor.advisorSmith, L. Murphy
dc.creatorRunyan, Bruce Wayne
dc.date.accessioned2005-08-29T14:37:22Z
dc.date.available2005-08-29T14:37:22Z
dc.date.created2003-05
dc.date.issued2005-08-29
dc.identifier.urihttp://hdl.handle.net/1969.1/2272
dc.description.abstractThis study examines the relationship between a firm??s degree of multinationality and its managers?? earnings forecasts. Firms with a high degree of multinationality are subject to greater uncertainty regarding earnings forecasts due to the additional risk resulting from the more complex multinational environment. Prior research demonstrates that firms that fail to meet or beat market expectations experience disproportionate market losses at earnings announcement dates. The complexities and greater uncertainty resulting from higher levels of multinationality are expected to be negatively associated with management earnings forecast precision, accuracy, and bias (downward versus upward). Results of the study are mixed. Regarding forecast precision, two measures of multinationality (foreign sales / total sales and the number of geographic segments) are significantly negatively related to management earnings forecast precision. This was the expected relationship. Regarding forecast accuracy, contrary to expectations, forecast accuracy is positively related to multinationality, with regard to the number of geographic segments a firm discloses. Regarding forecast bias, unexpectedly, two measures of multinationality (foreign sales / total sales and number of countries withforeign subsidiaries) are significantly positively related to more optimistic management earnings forecasts.en
dc.format.extent260670 bytesen
dc.format.mediumelectronicen
dc.format.mimetypeapplication/pdf
dc.language.isoen_US
dc.publisherTexas A&M Universityen
dc.subjectInternationalen
dc.subjectForecasten
dc.titleThe effect of multinationality on management earnings forecastsen
dc.typeBooken
dc.typeThesisen
thesis.degree.departmentAccountingen
thesis.degree.disciplineAccountingen
thesis.degree.grantorTexas A&M Universityen
thesis.degree.nameDoctor of Philosophyen
thesis.degree.levelDoctoralen
dc.contributor.committeeMemberEden, Lorraine
dc.contributor.committeeMemberKerr, David S.
dc.contributor.committeeMemberStrawser, Robert H.
dc.type.genreElectronic Dissertationen
dc.type.materialtexten
dc.format.digitalOriginborn digitalen


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