【摘要】 研究表明,盈利预测不仅具有可靠性,而且还起到了引导投资者投资行为的作用。更多还原

【Abstract】 Corporate profit forecast is always a great concern for investing public. This paper is an empirical study of market response to earnings estimate disclosed in prospectus and listing bulletin of Chinese listed companies. It is found out that, except for the year of 2000, correlation profit forecasts and stock prices is slim. In further grouping, closer correlation is discovered, namely positive response in case of better realized EPS and negative response when realized EPS fails below expectation. This result indicates that, to some extent, profit forecast is being utilized and plays a role in making investment decision.更多还原