الفهرس 
THE GENERAL FRAMEWORK AND LITERATURE REVIEWOnly 14 pages are availabe for public view
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Abstract
The purpose of this study is to show the impact of the asymmetric cost behavior on analysts’ earnings forecasts in the Egyptian market and to examine whether analysts fully understand this behavior. The study uses multiple regression analysis to analyze the impact of the behavior of total costs (TC), selling, general, and administrative costs (SG&A) and costs of goods sold (COGS), each, on earnings forecast error for the Egyptian-listed firms. Further, this study compares the means of earnings forecast error under both scenarios of sales increase and sales decrease to examine the changes in analysts’ behavior in each scenario. The results indicate that the asymmetric cost behavior has a significant impact on analysts’ earnings forecast. Moreover, it seems that analysts do not fully understand the asymmetric behavior, and consequently, do not adjust their forecasts accordingly.