Seeing is Believing: Do Analysts Benefit from Site Visits

• Main Authors: CHENG, Qiang, DU, Fei, WANG, Xin, WANG, Yutao
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2014
• Subjects: site visits; analysts; select access; forecast accuracy; market reaction; Accounting; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/soa_research/1211; https://ink.library.smu.edu.sg/context/soa_research/article/2210/viewcontent/SSRN_id2395093.pdf
• Institution: Singapore Management University

Using the unique data of analysts’ site visits to Chinese listed companies, we examine whether and how analysts’ site visits help improve their forecast performance. We find that the forecast accuracy of analysts improves after they visit the target firms and this improvement still holds after contr...