The Association between Macroeconomic Uncertainty and Analysts' Forecast Accuracy

• المؤلفون الرئيسيون: Hope, Ole-Kristian, Kang, Tony
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2005
• الموضوعات: Accounting; Finance and Financial Management
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soa_research/151; http://dx.doi.org/10.2308/jiar.2005.4.1.23

This study examines whether macroeconomic uncertainty affects the forecast accuracy of financial analysts in an international setting. We use inflation and foreign exchange volatility as measures of macroeconomic uncertainty. We find strong evidence that forecast accuracy decreases in the level of m...