中国金融学术研究网

所属栏目：资本市场/市场有效性

Supplier Concentration and Analyst Forecasting Bias

认领作者认领作者管理权限

发布日期：2023年08月24日上次修订日期：2023年08月24日

Xiaotong Jia Central University of Finance and Economics Kai Wu Central University of Finance and Economics

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.

展开

关键词：

forecasting bias information disclosure; supplier concentration

下载论文在线阅读

复制链接

新浪微博

微信扫一扫

论文统计数据

浏览次数：
2071
下载次数：
3

摘要

关键词：

论文统计数据

相关文献