Opening book details…
Can I read Business group and analyst earnings forecast: evidence from China on EtoBox?
Business group and analyst earnings forecast: evidence from China by Jie Han; Chang Liu is a Business, Management and Accounting article available to read on EtoBox.
What is Business group and analyst earnings forecast: evidence from China about?
This study examines the economic consequences of financial analysts with business group concentration (analysts covering several member firms within a business group). Based on Chinese sample, we find that analysts covering one member firm within a group produce less accurate earnings forecasts. However, analysts covering several firms within a group predict earnings more accurately. Moreover, group concentration analysts provide superior earnings forecasts for those member firms when they share stronger information links. Furthermore, they are more likely to move to a bigger brokerage house after obtaining better forecasts. Finally, they help alleviate investors' inattention to information links among groupaffiliated firms.
Who reads Business group and analyst earnings forecast: evidence from China?
It is typically read by researchers, students, and practitioners in Business, Management and Accounting.
- Author
- Jie Han; Chang Liu
- Publisher
- Informa UK Limited
- Published
- 2023
- Language
- EN
- Field
- Business, Management and Accounting (Social Sciences)