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Do voluntary disclosures of product and business expansion plans impact analyst coverage and forecasts?

He, G.; Marginson, D.; Dai, X.

Do voluntary disclosures of product and business expansion plans impact analyst coverage and forecasts? Thumbnail


Authors

D. Marginson

X. Dai



Abstract

We investigate whether voluntary disclosures of product and business expansion plans affect analyst coverage and forecasts. We find that the level of analyst coverage is positively associated with the incidence of disclosures of product and business expansion plans. We also find that product and business expansion disclosures increase the informativeness of analyst earnings forecasts. We find no evidence that product and business expansion disclosures increase analyst forecast errors. Overall, our study contributes to understanding the role of product and business expansion disclosures in analyst forecast behaviour.

Citation

He, G., Marginson, D., & Dai, X. (2019). Do voluntary disclosures of product and business expansion plans impact analyst coverage and forecasts?. Accounting and Business Research, 49(7), 785-817. https://doi.org/10.1080/00014788.2018.1559717

Journal Article Type Article
Acceptance Date Oct 27, 2018
Online Publication Date Jan 22, 2019
Publication Date 2019
Deposit Date Oct 27, 2018
Publicly Available Date Mar 28, 2024
Journal Accounting and Business Research
Print ISSN 0001-4788
Electronic ISSN 2159-4260
Publisher Taylor and Francis Group
Peer Reviewed Peer Reviewed
Volume 49
Issue 7
Pages 785-817
DOI https://doi.org/10.1080/00014788.2018.1559717
Public URL https://durham-repository.worktribe.com/output/1314661

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