Banca de QUALIFICAÇÃO: RAFAELA RODRIGUES DA SILVA

Uma banca de QUALIFICAÇÃO de MESTRADO foi cadastrada pelo programa.
STUDENT : RAFAELA RODRIGUES DA SILVA
DATE: 15/12/2021
TIME: 15:00
LOCAL: meet.google.com/fmw-ujuf-nok
TITLE:

Earnings Forecasts and the Business Cycles: Evidence from firms in Brazil.

KEY WORDS:

Earnings forecast. Analyst’s forecast. Business Cycles. Signaling Theory.

PAGES: 32
BIG AREA: Ciências Sociais Aplicadas
AREA: Administração
SUBÁREA: Ciências Contábeis
SUMMARY:

Considering the role of market analysts as information intermediaries between companies and investors, as agents capable of reducing information asymmetry and contributing to the functioning of the capital market, this research project aims to analyze the influence of the economic environment on forecasts for earnings reported by market analysts. For this, information will be collected about earnings forecasts published by market analysts and accounting and financial information of companies that trade their shares on B3, as well as information regarding the economic environment during the period 2000 to 2020, through the base of data from Eikon Refinitiv. The properties of earnings forecasts to be tested in this study are: (a) frequency of forecasts; (b) forecast bias (pessimism/optimism); and (c) accuracy of forecasts, while economic cycles will be measured through variations in GDP, to classify cycles into four phases: expansion, recession, contraction and recovery, according to Schumpeter. For data analysis, it is proposed the estimation of three econometric models using the technique of statistical modeling of unbalanced panel data.

BANKING MEMBERS:
Externo à Instituição - ORLEANS SILVA MARTINS - UFPB
Interno - 4966048 - RAIMUNDO MARCIANO DE FREITAS NETO
Presidente - 2814007 - RENATO HENRIQUE GURGEL MOTA