Political uncertainty and analysts' forecasts: International evidence

被引：7

作者：

Boubakri, Narjess ^{[1
]}

Bouslimi, Lobna ^{[2
]}

Zhong, Rui ^{[3
]}

机构：

[1] Amer Univ Sharjah, Bank Sharjah Chair, 1 Univ City, Al Sharjah, U Arab Emirates

[2] Concordia Univ, John Molson Sch Business, 1450 Guy St, Montreal, PQ, Canada

[3] Univ Western Australia, Business Sch, 35 Stirling Hwy, Crawley, WA, Australia

来源：

JOURNAL OF FINANCIAL STABILITY | 2022年 / 59卷

关键词：

Political uncertainty; National elections; Analysts' forecasts; Information asymmetry; Political connection; EARNINGS FORECASTS; INFORMATION; ACCURACY; DISCLOSURE; POLICY; PRICE; RISK; FIRMS; COST; PREDICTABILITY;

D O I：

10.1016/j.jfs.2022.100971

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study examines the influence of political uncertainty proxied by national election on analysts' forecasts across 28 countries. We find analysts' forecasts' accuracy decreases, and the optimism increases in national election years compared to these in non-election years. Further analysis supports information opacity, local political connections, politically sensitives industries and the quality of institutions channels through which political uncertainty affects the analysts' forecasts.

引用

页数：15

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