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Journals / Bogazici Journal: Review of Social, Economic and Administrative Studies / 2005 / Cilt: 19 - Sayı: 1-2

Türk Şirketleri'nin Yıllık Kar Tahminlerinin Bireysel Analist Düzeyindeki Özellikleri

Properties of Individual Analysts' Earnings Forecasts for the Turkish Stock Market

Hakan SARAOĞLU
Murat AYDOĞDU
Pages
17–29
Publication Date
2022-10-11
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

An important contribution of this paper is that it is the first study to focus on the earnings forecasts of Turkish companies at the individual analyst level.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:We examine the properties of individual analysts'forecasts of annual earnings for Turkish companies.
📊
Key Findings & Data:Using a sample obtained from the Institutional Brokers Estimate System (I/B/E/S) database of earnings forecasts, we measure individual analysts 'forecast errors and relative optimism, and test for serial correlation in these measures.
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Conclusion & Impact:An important contribution of this paper is that it is the first study to focus on the earnings forecasts of Turkish companies at the individual analyst level.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

We examine the properties of individual analysts'forecasts of annual earnings for Turkish companies. Using a sample obtained from the Institutional Brokers Estimate System (I/B/E/S) database of earnings forecasts, we measure individual analysts 'forecast errors and relative optimism, and test for serial correlation in these measures. We also compare the forecast accuracy of analysts working for Turkish brokerage firms to the forecast accuracy of those employed bynon-Turkish firms. An important contribution of this paper is that it is the first study to focus on the earnings forecasts of Turkish companies at the individual analyst level.

Özet

Bu çalışmada, analistlerin Türk şirketleri için oluşturdukları yıllık kar tahminlerinin özelliklerini inceledik. The Institutional Brokers Estimate System (I/B/E/S) verilerini kullanarak, analistlerin bireysel bazdaki tahmin hatalarını ve göreli iyimserliklerini ölçüp, bu ölçümlerin seri korelasyonlarını araştırdık. Ayni zamanda, Türk aracı şirketlerin analistleriyle, yabancı aracı şirketlerin analistlerinin tahminlerini doğruluk dereceleri açısından karşılaştırdık. Bu araştırmanın önemli bir katkısı Türk şirketleri için oluşturulan kar tahminlerinin bireysel analist düzeyinde ele alındığı ilk çalışma olmasıdır.

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Cite This Article

SARAOĞLU, H., AYDOĞDU, M. (2022). Türk Şirketleri'nin Yıllık Kar Tahminlerinin Bireysel Analist Düzeyindeki Özellikleri. Bogazici Journal: Review of Social, Economic and Administrative Studies, Cilt: 19 - Sayı: 1-2, 17–29. https://ajindex.com/articles/467371

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