The impact of economic freedom on financial analysts' earnings forecast: Evidence from the Asia-Pacific region

نویسندگان

چکیده

This study investigates the impact of economic freedom (EcF) on analysts’ earnings forecast (AEF) accuracy. EcF is measured from five aspects: Government, Protection, Money, Trade, and Regulation. With sample 7,014 firms 12 economies in Asia-Pacific region over 18-year period, this finds an optimistic bias AEFs. The stronger for large firms, value stock with high analyst coverage, low dispersion Also, analysts less than more ones. Analysts are making accurate forecasts EcF. In addition, optimism reduced These findings may suggest that increase would lead to transparent financial statements, which further reduces bias.

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Relationship between Economic Growth, Urban Concentration and Trade: Evidence from the Asia-Pacific

  There is a significant relationship between economic growth and the degree of urban concentration, as measured by primacy or the share of the largest city in an urban system. In accordance to urban economic theories, there is an inverse-U shape relationship between urban concentration –urban primacy- and economic growth. That is, as economy grows, urban concentration increases, approaches a...

متن کامل

the impact of morphological awareness on the vocabulary development of the iranian efl students

this study investigated the impact of explicit instruction of morphemic analysis and synthesis on the vocabulary development of the students. the participants were 90 junior high school students divided into two experimental groups and one control group. morphological awareness techniques (analysis/synthesis) and conventional techniques were used to teach vocabulary in the experimental groups a...

15 صفحه اول

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Finance Research Letters

سال: 2021

ISSN: ['1544-6131', '1544-6123']

DOI: https://doi.org/10.1016/j.frl.2021.102009