rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    non sort: The
    title: effect of multinationality on management earnings forecasts
  name:
    name part: Runyan, Bruce Wayne, 1958-
    role:
      role term: creator
  name:
    name part: Smith, L. Murphy
    role:
      role term: thesis advisor.
  type of resource: text
  genre: bibliography
  origin info:
    place:
      place term: txu
    date issued: 2005
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: remote
  abstract: This 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 with foreign subsidiaries) are significantly positively related to more optimistic management earnings forecasts.
  note: by Bruce Wayne Runyan.
  note: "Major Subject: Accounting"
  note: Title from author supplied metadata (automated record created on Sep. 21, 2005.)
  note: Vita.
  note: Abstract.
  note: Electronic resource.
  note: Mode of access: World Wide Web.
  note: System requirements: World Wide Web access and Adobe Acrobat Reader.
  note: Ph. D. Texas A&M University 2005.
  note: Includes bibliographical references.
  note: Text (Dissertation).
  subject:
    topic: Major accounting
  subject:
    topic: Forecast
  subject:
    topic: International
  identifier: http://hdl.handle.net/1969.1/2272
  record info:
    record content source: TXA
    record creation date: 051025
    record change date: 20151102142414.0
    record identifier: in00002089344