Μάναλης, Γκίκας Γ.Recently there is growing interest in emerging capital markets such as Athens Stock Exchange (ASE). The paper investigates the predictive content of semi-annually published earnings for the listed companies in the ASE over the period 1988-1997. By observing correlation matrices between semi-annual and annual earnings we are concerned to see if any regularities can be discovered. The degree of deviation between them is measured by calculating changes of semi-annual and yearly earnings. Different forecast errors measures such as the Mean Absolute Error, the Mean Square Error and the Average Error are used to provide evidence of the disparities of the forecast errors. The results, indicate that interim reports as currently prepared cannot predict accurately the annual earnings. Since the introduction of the measures the predictive power of semi-annual reports has been improved only marginally.application/pdfhttps://spoudai.unipi.gr/index.php/spoudai/article/view/1117engUniversity of PiraeusCopyright (c) 2000 SPOUDAI - Journal of Economics and Business1105-8919Σπουδαί - Journal of Economics and Business2241-424XSPOUDAI - Journal of Economics and Business; Vol 50, No 3-4 (2000); 179-189ΚεφάλαιοΧρηματιστήριο Αξιών ΑθηνώνΧρηματοοικονομική λογιστικήΑγορά χρήματοςCapital marketΟι εξαμηνιαίες λογιστικές καταστάσεις ως στοιχείο πρόβλεψης για τα ετήσια αποτελέσματαΟι εξαμηνιαίες λογιστικές καταστάσεις ως στοιχείο πρόβλεψης για τα ετήσια αποτελέσματαinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersion2000-07-01Δημοσίευση σε περιοδικόPublication in journalΧρηματοοικονομικάFinanceisi - Business, Finance covers resources primarily concerned with financial and economic correlations, accounting, financial management, investment strategies, the international monetary system, insurance, taxation, and banking.Επιστημονικό άρθροScientific articleΠανεπιστήμιο ΠειραιώςGreek Aggregator OpenArchives.gr | National Documentation Centre (EKT)other