所属栏目:资本市场/市场有效性/2023/2023年第07期

Supplier Concentration and Analyst Forecasting Bias
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发布日期:2023年08月24日 上次修订日期:2023年08月24日

摘要

This study examines the relationship between analyst forecast dispersion or accuracy and supplier concentration of listed firms in China from 2008 to 2019. Our findings suggest that higher supplier concentration is associated with lower analyst forecast dispersion, which can be attributed to the increased attention it receives from analysts. Moreover, this effect is more pronounced when firms have less bargaining power and higher institutional ownership, indicating a greater reliance on the supply chain. Our study highlights the importance of disclosing supply chain information, which provides insight beyond traditional financial information.
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Xiaotong Jia; Kai Wu Supplier Concentration and Analyst Forecasting Bias (2023年08月24日) https://www.cfrn.com.cn/dzqk/detail/12341

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