Research On The Relationship Between Accounting Information Comparability,Managerial Ability And Earnings Forecast Accuracy

With the development of economy,more and more information exists in the securities market.As one of the important predictive information,the earnings forecast information conveys a important signal of the development of the company.The accuracy of the earnings forecast is very important for the investors to make reasonable investment decisions.Inaccurate earnings forecast information will mislead users.When managerial announce earnings forecast information,they need to have a deep understanding of the position of the company in the industry.To a certain extent,accounting information comparability can influence the information environment,and then affect the accuracy of earnings forecast.At the same time,earnings forecast is a kind of profit forecast information,which is based on production and operation.Earnings forecast information is uncertain,and it will be influenced by managerial ability.Therefore,it is necessary to study the relationship between accounting information comparability,managerial ability and earnings forecast accuracy.In order to provide some theoretical guidance for investor,and promote the healthy development of the securities market.Based on the related research,this paper makes a normative analysis and empirical study on the relationship between the managerial ability,accounting information comparability and earnings forecast accuracy.First of all,this paper,based on the analysis of relevant literature,selects suitable model to measure the managerial ability,accounting information comparability and earnings forecast accuracy;Secondly,some corresponding assumptions are put forward on the basis of the interaction mechanism.Then based on the companies in the main board of Shanghai Stock Exchange and Shenzhen Stock Exchange from 2012 to 2016,we made multiple regression analysis method of hypothesis.Finally,this paper summarizes the findings,puts forward corresponding suggestions and future prospects.This research mainly draws the following conclusions:(1)Under the same conditions,the relationship between accounting information comparability and earnings forecast accuracy is significantly positive;(2)Under the same conditions,the relationship between managerial ability and earnings forecast accuracy is significantly positive;(3)Under the same conditions,managerial ability enhance the relationship between the accounting information comparability and the earnings forecast accuracy.