Assistant Professor Scarlett Song’s research accepted at a Financial Times 50 premier accounting journal

Assistant Professor Scarlett Song's paper, Other Comprehensive Income, Its Components, and Analysts' Forecasts, was recently accepted for publication at Review of Accounting Studies (Financial Times 50, Ranked A* on ABDC list). This paper examines how analysts incorporate other comprehensive income (OCI) and its component elements into their earnings forecasts. The main findings include (1) analysts’ one-year ahead earnings forecasts are associated with OCI and OCI components having predictive ability; this suggests analysts (at least partially) incorporate this information into their forecasting activities; and (2) analysts are neither complete nor timely in incorporating OCI information into their forecasts, as several OCI components remain associated with analysts’ forecast errors.