Seeing is believing: Analysts' corporate site visits

• Main Authors: CHENG, Qiang, DU, Fei, WANG, Xin, WANG, Yutao
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2016
• Subjects: Analyst forecasts; Information acquisition activities; Local advantage; Site visits; Accounting; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/soa_research/1542; https://ink.library.smu.edu.sg/context/soa_research/article/2569/viewcontent/SeeingBelieving_2016_pp.pdf
• Institution: Singapore Management University

This study examines the impact of corporate site visits on analysts’ forecast accuracy based on a sample of such visits to Chinese listed firms during 2009–2012. We find that analysts who conduct visits (“visiting analysts”) have a greater increase in forecast accuracy than other analysts. Consisten...