Analyst firm coverage and forecast accuracy: The effect of regulation fair disclosure

• المؤلفون الرئيسيون: DONG, Yi, HU, Nan, LI, Xu, LIU, Ling
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2017
• الموضوعات: Analyst portfolio; Forecast accuracy; Information complementarity; Regulation FD; Databases and Information Systems; Finance and Financial Management; Portfolio and Security Analysis
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/sis_research/8048

In this study, we revisit the relationship between analyst firm coverage and forecast accuracy. In contrast to the proposed negative association in Clement (1999) owing to the portfolio complexity effect, we hypothesize an economy-of-scale effect' that is likely to dominate when analysts rely m...