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研究生:蘇怡芳
研究生(外文):Yi-Fang Su
論文名稱:無形資產對分析師預測特性的影響
論文名稱(外文):The Impact of Intangibles on Property of Analysts’ Forecasts
指導教授:曹壽民曹壽民引用關係
指導教授(外文):Shou-Min Tsao
學位類別:碩士
校院名稱:國立中央大學
系所名稱:企業管理學系
學門:商業及管理學門
學類:企業管理學類
論文種類:學術論文
論文出版年:2006
畢業學年度:94
語文別:中文
論文頁數:35
中文關鍵詞:預測誤差一致性分析師預測無形資產
外文關鍵詞:ConsensusAnalysts’ forecastForecast errorIntangible asset
相關次數:
  • 被引用被引用:1
  • 點閱點閱:148
  • 評分評分:
  • 下載下載:0
  • 收藏至我的研究室書目清單書目收藏:2
本文研究分析師預測與無形資產之間的關聯性,希望藉此瞭解無形資產對分析師預測特性的影響。由於無形資產具有不確定之未來經濟效益,不確定性因素使得投資者對於分析師預測有更多需求,增加分析預測的有用性。另外,資訊不對稱因素影響各個分析師擁有一般和特殊不同的資訊,可能造成分析結果有差異性。本文援引Barron, Kim, Lim and Stevens(1998)模型,分別計算分析師預測誤差及一致性。實證結果指出公司無形資產愈多,分析師之間預測一致性愈低,同時預測誤差也愈大。
This research examines the association between firms’ intangibles and analysts’ forecasts. This is for realize the impact of intangible expense and capital on properties of the information in analysts’ earnings forecasts. This research will use as Barron, Kim, Lim and Stevens(1998)model, to examine the properties of the information contained in analysts’ earnings forecasts, focus on two dependent variables: Consensus and squared error in individual forecasts averaged across analysts and the squared error in the mean forecast. The empirical result indicates that lower degree of consensus and higher forecast error exists among for high-intangible firms than low-intangible firms.
第壹章 緒論................................. 1
第貳章 文獻探討............................. 3
第參章 研究方法............................. 9
第肆章 研究設計............................. 12
 第一節 樣本選取與資料來源..................12
 第二節 實證模型及變數定義................. 12
第伍章 實證結果............................. 18
 第一節 敘述性統計分析..................... 18
 第二節 假說檢測........................... 21
第三節 敏感性分析........................... 25
第陸章 結論................................. 28
參考文獻..................................... 29
附錄 專利權價值之估計....................... 33
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