Visualizador de novedades

"The contributions of analysts' forecasts for understanding divested spin-off firm performance". Prof. Ronan Powell (UCD, Dublin)

El próximo jueves 28 de abril a las 16:30 tendrá lugar el siguiente seminario del programa de Doctorado en Ciencias de la Empresa:

Ponente: Professor Ronan Powell (UCD Graduate School of Business, Dublín).

Título de la presentación: The contributions of analysts' forecasts for understanding divested spin-off firm performance.

Resumen:  This study examines analysts’ earnings forecasts of spin-off firm performance. Empirical analyses of a panel of 353 spin-off firms support a hypothesized U-shaped relationship between consensus in analyst forecast and performance. The findings further show that evolution toward high or low consensus in forecasts over time is related to performance increases. In addition, the analyst forecast-performance relationship is robust to whether spin-offs reside in hard-to-value industries. Post hoc analyses find that analysts’ forecasts have a significant but minor role in explaining spin-off firm performance. The study findings suggest that analysts’ forecasts have a complex relationship with spin-off firm performance and that their overall practical value appears to be relatively small.

Fecha: 28 de abril de 2022 de 16:30 a 18:00 horas.

Lugar: Seminario del Departamento de Organización de Empresas y Finanzas (C203)

Los que estéis interesados en asistir, por favor, contactad con Pedro Martínez Solano para que os remita el artículo que será presentado en el seminario.

Datos de Contacto:

 Pedro Martínez Solano Dpto. Organización de Empresas y Finanzas / Dpt. Management and Finance Facultad de Economía y Empresa / Faculty of Economics and Business Universidad de Murcia / University of Murcia Campus de Espinardo 30.100- Murcia (Spain) Despacho / Office: D2/05 Tel. 34 868 88 37 47 e-mail: pmsolano@um.es http://webs.um.es/pmsolano