TY  - JOUR
AB  - Purpose– The purpose of this paper is to investigate the domain of security analysts' earnings forecasts as a valid measure of firm performance.Design/methodology/approach– A survey instrument was developed and sent to 1,350 security analysts to ascertain the criteria they used in evaluating firm performance.Findings– Factor analysis indicates strong support for organizational level variables, such as top management, CEO ability, corporate culture, size as opposed to environment and industry level variables.Research limitations/implications– The domain of security analysts' earnings forecasts is broader than traditional accounting‐ and market‐based measures and more closely matches the realm of the strategic management field.Practical implications– The study presents new evidence that key organizational variables influence security analysts' earnings forecasts.Originality/value– The present study is the first to the best of one's knowledge that ascertains the factors that security analysts utilize in making earnings forecasts for the firms they follow.
VL  - 49
IS  - 7
SN  - 0025-1747
DO  - 10.1108/00251741111151190
UR  - https://doi.org/10.1108/00251741111151190
AU  - Sambharya Rakesh B.
PY  - 2011
Y1  - 2011/01/01
TI  - Security analysts' earnings forecasts as a measure of firm performance: An empirical exploration of its domain
T2  - Management Decision
PB  - Emerald Group Publishing Limited
SP  - 1160
EP  - 1181
Y2  - 2024/04/20
ER  -