Risk pooling, supply chain hierarchy, and analysts' forecasts
We investigate whether a firm's risk pooling affects its analysts' forecasts, specifically in terms of forecast accuracy and their use of public vs. private information, and how risk pooling interacts with a firm's position in the supply chain to affect analysts' forecasts. We us...
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sg-smu-ink.sis_research-90142023-08-11T08:38:25Z Risk pooling, supply chain hierarchy, and analysts' forecasts HU, Nan KE, Jian-Yu LIU, Ling ZHANG, Yue We investigate whether a firm's risk pooling affects its analysts' forecasts, specifically in terms of forecast accuracy and their use of public vs. private information, and how risk pooling interacts with a firm's position in the supply chain to affect analysts' forecasts. We use a social network analysis method to operationalize risk pooling and supply chain hierarchy, and find that risk pooling significantly reduces analysts' forecast errors and increases (decreases) their use of public (private) information. We also find that the positive (negative) relationships between risk pooling and analyst forecast accuracy and analysts' use of public (private) information are more pronounced upstream than downstream in a supply chain. 2019-02-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/sis_research/8011 info:doi/10.1111/poms.12904 https://ink.library.smu.edu.sg/context/sis_research/article/9014/viewcontent/RiskPooling_av.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection School Of Computing and Information Systems eng Institutional Knowledge at Singapore Management University risk pooling supply chain hierarchy analyst forecast accuracy public vs. private information systematic risk Databases and Information Systems Finance and Financial Management Operations and Supply Chain Management |
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risk pooling supply chain hierarchy analyst forecast accuracy public vs. private information systematic risk Databases and Information Systems Finance and Financial Management Operations and Supply Chain Management HU, Nan KE, Jian-Yu LIU, Ling ZHANG, Yue Risk pooling, supply chain hierarchy, and analysts' forecasts |
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We investigate whether a firm's risk pooling affects its analysts' forecasts, specifically in terms of forecast accuracy and their use of public vs. private information, and how risk pooling interacts with a firm's position in the supply chain to affect analysts' forecasts. We use a social network analysis method to operationalize risk pooling and supply chain hierarchy, and find that risk pooling significantly reduces analysts' forecast errors and increases (decreases) their use of public (private) information. We also find that the positive (negative) relationships between risk pooling and analyst forecast accuracy and analysts' use of public (private) information are more pronounced upstream than downstream in a supply chain. |
format |
text |
author |
HU, Nan KE, Jian-Yu LIU, Ling ZHANG, Yue |
author_facet |
HU, Nan KE, Jian-Yu LIU, Ling ZHANG, Yue |
author_sort |
HU, Nan |
title |
Risk pooling, supply chain hierarchy, and analysts' forecasts |
title_short |
Risk pooling, supply chain hierarchy, and analysts' forecasts |
title_full |
Risk pooling, supply chain hierarchy, and analysts' forecasts |
title_fullStr |
Risk pooling, supply chain hierarchy, and analysts' forecasts |
title_full_unstemmed |
Risk pooling, supply chain hierarchy, and analysts' forecasts |
title_sort |
risk pooling, supply chain hierarchy, and analysts' forecasts |
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Institutional Knowledge at Singapore Management University |
publishDate |
2019 |
url |
https://ink.library.smu.edu.sg/sis_research/8011 https://ink.library.smu.edu.sg/context/sis_research/article/9014/viewcontent/RiskPooling_av.pdf |
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1779156851614547968 |