Distracted analysts and earnings management

TD Le, T Trinh - Finance Research Letters, 2022 - Elsevier
This study examines whether firms covered by distracted analysts manage their earnings
more intensively. We construct a firm-level measure of analyst distraction based on …

Digital financial inclusion, analyst attention, and the green innovation in energy firms

L Qin, C Chen, Y Chen, Y Su - Finance Research Letters, 2024 - Elsevier
The transition towards environmental sustainability in China's energy sector underscores the
crucial role of digital financial inclusion and analyst attention. This study employs an …

Blockchain adoption and analyst forecast accuracy

F Wang, Q Ye, J Li, W Shi - Research in International Business and …, 2024 - Elsevier
We examine the relationship between corporate blockchain adoption and analyst forecast
accuracy. We manually collect the blockchain usage data of public firms from the Factiva …

Consequences of firm-specific stock price crashes on analyst forecasts: Evidence from China

Y Fan, Y Zhang - Humanities and Social Sciences Communications, 2024 - nature.com
The phenomenon of stock price crash events (SPCs) has always attracted market attention,
but existing research mainly focuses on its causes or determinants and rarely examines the …

Do images provide relevant information to investors? An exploratory study

A Ben-Rephael, J Ronen, T Ronen… - An Exploratory Study …, 2021 - papers.ssrn.com
We introduce the concept of" visual-readability" in annual reports and innovate by using
machine-learning algorithms to construct visual-readability measures. We create a novel …

Understanding Analysts' Use of Macroeconomic News

R Dai, H Ding, XF Zhang - Journal of Accounting, Auditing & …, 2024 - journals.sagepub.com
Using a comprehensive measure, the Macroeconomic News Index (MNI), we examine how
analysts use macroeconomic news in their earnings forecasts. We find that analysts …

Climatic disasters and distracted analysts

Y Han, CX Mao, H Tan, C Zhang - Contemporary Accounting …, 2024 - Wiley Online Library
Using a sample of 30,270 forecasts by 2,280 analysts under a stacked difference‐in‐
differences framework involving 22 major climatic disasters in the United States, we examine …

Selective Learning and Price Over-and Under-reaction

G Gertsman - Available at SSRN 3701526, 2021 - papers.ssrn.com
In this paper I propose a new theoretical framework that explains both over-and under-
reaction of prices to new information. My model incorporates a behavioral investor who …

Market distraction and near-zero daily volatility persistence

J Wang - International Review of Financial Analysis, 2022 - Elsevier
This study shows that during the FIFA World Cups, the Olympic Games, and Christmas and
New Year, the average daily volatility persistence is near zero across 17 equity indices in 14 …

[PDF][PDF] Mobile Internet and Analyst Forecast Performance

B Fang, S Huang, S Roychowdhury, E Sletten - 2023 - abfer.org
We study the impact of mobile internet technology on analyst forecast performance. Mobile
internet facilitates uninterrupted access to various types of information and provides …