Research and Markets: Analytical Approach to Investing Research - Removing the Management Fluff - Helping You to Predict Forward Pricing and Valuation

DUBLIN--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/research/2bd9fc/analytical_approac) has
announced the addition of the "Analytical Approach to Investing Research -
Removing the Management Fluff" subscription to their offering.

A Market Insider's Analytical Approach - "Removes Management Fluff" to Help
Predict Forward Pricing and Valuation

Based on Solid Principles That Can Be Quantified

The earnings management and expectations management directly impacts the
analytical forecasts in firm evaluation. Earnings and analyst forecasts are
important inputs into accounting valuation models to reflect current and predict
future firm performance. These models help predict the intrinsic value, however
in recent years may have adversely affected the usefulness of the information.
This book is meant to show that intrinsic value metrics estimated using
manipulated earnings or forecasts have less ability to track stock prices and
predict future returns. The usefulness of earnings and analyst forecasts provide
evidence for the joint hypothesis of:

(i) long-term market efficiency and

(ii) the negative impact of "earnings management" and "expectations management"
i.e.

Removing The Management Fluff - First, it challenges the conventional view that
more accurate and less biased forecasts are necessarily of better quality and
proposes to assess the quality of analyst forecasts. It also introduces an
improved measure for expectations management and presents new evidence on:

(i) the usefulness of earnings and analyst forecasts in firm valuation;

(ii) the negative impacts of earnings management and expectations management on
this usefulness; and

(iii) the overall performance of accounting valuation models in firm valuation.

For more information visit
http://www.researchandmarkets.com/research/2bd9fc/analytical_approac

Laura Wood
Senior Manager
press@researchandmarkets.com
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716

Copyright Business Wire 2009