An empirical analysis of the usefulness of disaggregated accounting data for forecasts of corporate performance |
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| Affiliation: | 1. Guangdong University of Finance and Economics, China;2. Yuan Ze University, Taiwan;3. Newhuadu Business School at Minjiang University, China;4. Research Center for Regional Finance and Innovation, Minjiang University, China;1. School of Business, Beijing Technology and Business University, Beijing, China;2. School of Business, Renmin University of China, Beijing, China |
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| Abstract: | This paper presents an empirical test of the theoretical arguments given by Barnea and Lakonishok in relationship to the usefulness of disaggregated accounting data. This usefulness to forecast corporate performance is held to vary with the inter-relationship of the performance of reported business segments. Applying a similar approach, the empirical results reported here suggest that company profile, proxied by a measure of company diversification, has an impact on the predictive ability of disaggregated data. |
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