The Effect of Exploration Intensity on Analysts' Forecasts

Research output: Contribution to journalMeeting abstract

Abstract

This study examines the relations between the intensity of reported exploration activity by mining and exploration companies and analysts’ private information search activities and their forecast accuracy. Under Australian accounting standards, firms can either record exploration expenditure as an expense as it is incurred, or as an exploration asset (i.e., exploration expenditure is capitalised). The accounting choice for exploration expenditure could have potential impact on analysts’ forecasts. It also examines the relations under the different accounting treatment for exploration expenditure.
Original languageEnglish
Pages (from-to)18-19
Number of pages2
JournalExpo 2012 Higher Degree Research : book of abstracts
Publication statusPublished - 2012
EventHigher Degree Research Expo (8th : 2012) - Sydney
Duration: 12 Nov 201213 Nov 2012

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Keywords

  • exploration intensity
  • analysts' forecasts

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