dc.contributor.author | Reverte, Carmelo | de |
dc.contributor.author | Guzman, Isidoro | de |
dc.date.accessioned | 2011-04-01T04:47:00Z | de |
dc.date.accessioned | 2012-08-30T07:10:04Z | |
dc.date.available | 2012-08-30T07:10:04Z | |
dc.date.issued | 2008 | de |
dc.identifier.uri | http://www.ssoar.info/ssoar/handle/document/24222 | |
dc.description.abstract | Research on earnings prediction has documented that the transitory component of current earnings undermines its predictive ability about future earnings. The implication of this finding is that a measure that better captures the underlying persistent component of earnings may prove very useful in predicting future earnings when used along with current earnings. Our study, based on a large sample of 1939 Spanish small and medium enterprises (SMEs), investigates whether an alternative mesure of performance ignored in previous research on earnings forecasting -i.e., relative efficiency- has predictive ability over and above current earnings and book value of equity. Relative efficiency captures the inherent ability of a firm -as compared to other similar firms- to make the most productive use of available resources and is measured using Data Envelopment Analysis (DEA) non-parametric technique. Our findings highlight that our DEA-based efficiency measure has an incremental predictive ability over and above current earnings and book value of equity for predicting future earnings. Moreover, we have further validated the models in a holdout sample and our results evidence the highest forecast accuracy of the model that includes our efficiency measure as an additional predictor to current earnings and book value of equity. | en |
dc.language | en | de |
dc.subject.ddc | Wirtschaft | de |
dc.subject.ddc | Economics | en |
dc.subject.other | relative efficiency; earnings prediction; DEA; SMEs | |
dc.subject.other | Data-Envelopment-Analyse; Klein- und Mittelunternehmen | |
dc.title | The predictive ability of relative efficiency for future earnings: an application using data envelopment analysis to Spanish SMEs | en |
dc.description.review | begutachtet (peer reviewed) | de |
dc.description.review | peer reviewed | en |
dc.source.journal | Applied Economics | de |
dc.source.volume | 42 | de |
dc.publisher.country | USA | |
dc.source.issue | 21 | de |
dc.subject.classoz | Economic Statistics, Econometrics, Business Informatics | en |
dc.subject.classoz | Wirtschaftsstatistik, Ökonometrie, Wirtschaftsinformatik | de |
dc.subject.classoz | Betriebswirtschaftslehre | de |
dc.subject.classoz | Business Administration | en |
dc.subject.thesoz | prognosis | en |
dc.subject.thesoz | Spanien | de |
dc.subject.thesoz | Einkommen | de |
dc.subject.thesoz | income | en |
dc.subject.thesoz | Spain | en |
dc.subject.thesoz | Prognose | de |
dc.identifier.urn | urn:nbn:de:0168-ssoar-242229 | de |
dc.date.modified | 2011-04-04T13:34:00Z | de |
dc.rights.licence | PEER Licence Agreement (applicable only to documents from PEER project) | de |
dc.rights.licence | PEER Licence Agreement (applicable only to documents from PEER project) | en |
ssoar.gesis.collection | SOLIS;ADIS | de |
ssoar.contributor.institution | http://www.peerproject.eu/ | de |
internal.status | 3 | de |
internal.identifier.thesoz | 10036432 | |
internal.identifier.thesoz | 10058646 | |
internal.identifier.thesoz | 10036080 | |
dc.type.stock | article | de |
dc.type.document | journal article | en |
dc.type.document | Zeitschriftenartikel | de |
dc.rights.copyright | f | de |
dc.source.pageinfo | 2751-2757 | |
internal.identifier.classoz | 10905 | |
internal.identifier.classoz | 1090400 | |
internal.identifier.journal | 21 | de |
internal.identifier.document | 32 | |
internal.identifier.ddc | 330 | |
dc.identifier.doi | https://doi.org/10.1080/00036840801964575 | de |
dc.description.pubstatus | Postprint | en |
dc.description.pubstatus | Postprint | de |
internal.identifier.licence | 7 | |
internal.identifier.pubstatus | 2 | |
internal.identifier.review | 1 | |
internal.check.abstractlanguageharmonizer | CERTAIN | |
internal.check.languageharmonizer | CERTAIN_RETAINED | |