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The effects of credits default swaps...

ProQuest Information and Learning Co.

The effects of credits default swaps on analyst forecasting.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	The effects of credits default swaps on analyst forecasting./
Author:	Ekici, Emrah.
Description:	1 online resource (82 pages)
Notes:	Source: Dissertation Abstracts International, Volume: 79-01(E), Section: A.
Contained By:	Dissertation Abstracts International79-01A(E).
Subject:	Accounting. -
Online resource:	click for full text (PQDT)
ISBN:	9780355362961

The effects of credits default swaps on analyst forecasting.
Ekici, Emrah.

The effects of credits default swaps on analyst forecasting. - 1 online resource (82 pages)

Source: Dissertation Abstracts International, Volume: 79-01(E), Section: A.

Thesis (Ph.D.)

Includes bibliographical references

This research studies the effect of development of the CDS market; one of the most important financial innovations in recent times, on financial analysts' forecast characteristics. I examine whether and how the revelation of private information in the CDS market, which often leads public information disclosure and price discovery in other markets, affects analysts' forecast characteristics. This research shows that analysts have more accurate and less dispersed cash flow forecasts for firms with CDS contracts. These findings are consistent with the predictions that financial analysts include the information revealed from the CDS market in their cash flow forecasts. Next, I investigate the relation between CDS prices, CDS price changes and analysts' forecast properties and find that CDS price and CDS price changes are negatively (positively) associated with analysts' cash flow forecast accuracy (dispersion). The results show that CDS prices and price changes result in more disagreements among financial analysts.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9780355362961Subjects--Topical Terms:

561166
Accounting.
Index Terms--Genre/Form:

554714
Electronic books.

The effects of credits default swaps on analyst forecasting.
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008 190606s2017 xx obm 000 0 eng d
020 $a 9780355362961
035 $a (MiAaPQ)AAI10670096
035 $a AAI10670096
040 $a MiAaPQ $b eng $c MiAaPQ
099 $a TUL $f hyy $c available through World Wide Web
100 1 $a Ekici, Emrah. $3 1180981
245 1 4 $a The effects of credits default swaps on analyst forecasting.
264 0 $c 2017
300 $a 1 online resource (82 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertation Abstracts International, Volume: 79-01(E), Section: A.
500 $a Adviser: Gerald Lobo.
502 $a Thesis (Ph.D.) $c University of Houston $d 2017.
504 $a Includes bibliographical references
520 $a This research studies the effect of development of the CDS market; one of the most important financial innovations in recent times, on financial analysts' forecast characteristics. I examine whether and how the revelation of private information in the CDS market, which often leads public information disclosure and price discovery in other markets, affects analysts' forecast characteristics. This research shows that analysts have more accurate and less dispersed cash flow forecasts for firms with CDS contracts. These findings are consistent with the predictions that financial analysts include the information revealed from the CDS market in their cash flow forecasts. Next, I investigate the relation between CDS prices, CDS price changes and analysts' forecast properties and find that CDS price and CDS price changes are negatively (positively) associated with analysts' cash flow forecast accuracy (dispersion). The results show that CDS prices and price changes result in more disagreements among financial analysts.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
650 4 $a Accounting. $3 561166
650 4 $a Finance. $3 559073
655 7 $a Electronic books. $2 local $3 554714
690 $a 0272
690 $a 0508
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a University of Houston. $3 845547
773 0 $t Dissertation Abstracts International $g 79-01A(E).
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10670096 $z click for full text (PQDT)

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