頁籤選單縮合
題名 | 公開發行公司財務預測準確性之研究 |
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作者 | 黃芳琪; | 書刊名 | 環球商業專科學校學報 |
卷期 | 6 1998.12[民87.12] |
頁次 | 頁151-162 |
分類號 | 494.7 |
關鍵詞 | 財務預測; 稅前淨利; 營業收入; 財務分析師; Financial forecasts; Financial analyst; Operating income; Net income before tax; |
語文 | 中文(Chinese) |
中文摘要 | 本研究以民國83年至85年的公開發行公司為對象,探討下列有關財務預測準確性 的課題: 1. 準確性之衡量,是稅前淨利較準確,還是營業收入? 2. 管理當局和財務分析師所做的財務預測,何者較準確? 研究樣本必須已在臺灣證券交易所公開上市,排除金融保險業,且由公司的股東會、董事會 或高級主管人員所發佈.以Z統計量檢定各項假說. 實證結果顯示:投資者若想降低投資的風險或不確定性,可參考管理當局及財務分析師之預 測資訊,以便做最佳的投資.整體而言,財務分析師之預測較管理當局之預測準確. |
英文摘要 | This research is using firms listed in Taiwan Stock Exchange between 1994 and 1996 as sample, to find out the following issues about the accuracy of financial forecasts. 1. Whether net income before tax or operating income is a more accurate measurement ? 2. Whether the forecast of manager or financial analyst is more accurate ? The research samples must be listed in Taiwan Stock Exchange, excluding banking and insurance company. This research uses hypothesis test to estimate Z value. The empirical results that the investor can use the forescasts information of management and financial analyst to reduce risks and uncertainty. |
本系統之摘要資訊系依該期刊論文摘要之資訊為主。