Management Earnings Forecasts Information Transfers between Related Industries: Evidence from Taiwan

被引：0

作者：

Huang, Chunghuey ^{[1
]}

Lee, Hsienli ^{[2
]}

Sang, Tengsheng ^{[3
]}

机构：

[1] Natl Taipei Univ, Dept Accountancy, Taipei, Taiwan

[2] Ta Hwa Inst Technol, Dept Finance, Taipei, Taiwan

[3] Chung Yuan Christian Univ, Dept Accounting, Taoyuan, Taiwan

来源：

NTU MANAGEMENT REVIEW | 2009年 / 19卷

关键词：

information transfers; management earnings forecasts; related industries;

D O I：

暂无

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

Using Data Bank of Taiwan Economic Journal for the eight-year period January 1997 through December 2004, we empirically evaluate information transfers conveyed by the management earnings forecast to the related industries. Contrary to earlier findings in the literature, we find information transfers across industries with input-output relationships during the release of earnings forecasts. We find the strength of information transfers are impacted by the news type (good news v.s. bad news) and that greater information transfers are conveyed in the bad news group. Our results also indicate that the higher the degree of relatedness between industries, the more information transfers are conveyed, whether the news type is good or bad. Thus, we contribute to the information transfer literature by identifying the characteristics that affect information transfers across related industries.

引用

页码：195 / 214

页数：20

共 21 条

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