#2603. Macroeconomic uncertainty and management forecast accuracy

March 2027publication date
Proposal available till 30-05-2025
5 total number of authors per manuscript5500 $

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Journal’s subject area:
Accounting;
Finance;
Economics and Econometrics;
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Abstract:
The article examines the impact of macroeconomic uncertainty on the accuracy of managements earnings forecasts. The results show that macroeconomic uncertainty reduces the likelihood of errors of optimism, but not pessimism. These results are consistent with a scenario where managers try not to miss out on their forecasts or revise their forecasts downward, because investors give more weight to bad news when macroeconomic uncertainty is high.
Keywords:
Macroeconomic uncertainty; Management earnings forecast; Volatility index

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