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德勤-复旦会计论坛系列讲座之一百三十八

 

时间:2017年12月22日(周五)上午9:30

地点:史带楼602室

主持人: 张新 副教授

SpeakerHongping Tan  (McGill University)

TitleTracking analyst along technological link

 

AbstractUsing U.S. patent citations, we find that the number of analyst following and earnings forecast accuracy are positively related to a firm’s technological links with other firms in the market. The likelihood of an analyst’s coverage and forecast accuracy increase in the firm’s technological links with other firms the analyst covers. Further analysis shows that the positive effects of technological links are more pronounced for firms with higher information production costs, and are driven by both within- and across-industry technological links. Our results suggest that technological expertise allows analysts to exploit the informational complementarities across firms along the technological links.

 

会计学系

2017-12-21

 

 

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