He, G. and Marginson, D. and Dai, X. (2019) 'Do voluntary disclosures of product and business expansion plans impact analyst coverage and forecasts?', Accounting and business research., 49 (7). pp. 785-817.
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.
| Item Type: | Article |
|---|---|
| Full text: | (AM) Accepted Manuscript Download PDF (1347Kb) |
| Status: | Peer-reviewed |
| Publisher Web site: | https://doi.org/10.1080/00014788.2018.1559717 |
| Publisher statement: | This is an Accepted Manuscript of an article published by Taylor & Francis in Accounting and Business Research on 22 January 2019 available online: http://www.tandfonline.com/10.1080/00014788.2018.1559717 |
| Date accepted: | 27 October 2018 |
| Date deposited: | 02 November 2018 |
| Date of first online publication: | 22 January 2019 |
| Date first made open access: | 21 July 2020 |
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