Residential College | false |
Status | 已發表Published |
Language Barriers, Corporate Site Visit, and Analyst Forecast Accuracy | |
Lewis H.K. Tam1; Shaohua Tian2 | |
2023-07-28 | |
Source Publication | Quarterly Review of Economics and Finance |
ABS Journal Level | 2 |
ISSN | 1062-9769 |
Volume | 91Pages:68 - 83 |
Abstract | This study examines the impact of language barriers on financial analysts’ decisions to perform corporate site visits and the extent to which corporate site visits help analysts overcome language barriers to improve earnings forecast accuracy. Using a sample of analysts’ visits to listed firms on the Shenzhen Stock Exchange, we find that analysts are more likely to visit firms headquartered in areas where local dialects are largely different from Standard Mandarin. Moreover, corporate site visits increase analysts’ forecast accuracy more for those firms. Altogether, the findings suggest that language barriers create difficulties for analysts in obtaining information via verbal communication, and corporate site visits help analysts reduce the communication noise. |
Keyword | Financial Analysts Forecast Accuracy Linguistic Distance Corporate Site Visit |
DOI | 10.1016/j.qref.2023.07.010 |
URL | View the original |
Indexed By | SSCI |
Language | 英語English |
WOS Research Area | Business & Economics |
WOS Subject | Economics |
WOS ID | WOS:001053417900001 |
Publisher | ELSEVIER SCIENCE INC, STE 800, 230 PARK AVE, NEW YORK, NY 10169 |
Scopus ID | 2-s2.0-85166915605 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS |
Corresponding Author | Shaohua Tian |
Affiliation | 1.Faculty of Business Administration, University of Macau 2.Macau University of Science and Technology |
First Author Affilication | Faculty of Business Administration |
Corresponding Author Affilication | University of Macau |
Recommended Citation GB/T 7714 | Lewis H.K. Tam,Shaohua Tian. Language Barriers, Corporate Site Visit, and Analyst Forecast Accuracy[J]. Quarterly Review of Economics and Finance, 2023, 91, 68 - 83. |
APA | Lewis H.K. Tam., & Shaohua Tian (2023). Language Barriers, Corporate Site Visit, and Analyst Forecast Accuracy. Quarterly Review of Economics and Finance, 91, 68 - 83. |
MLA | Lewis H.K. Tam,et al."Language Barriers, Corporate Site Visit, and Analyst Forecast Accuracy".Quarterly Review of Economics and Finance 91(2023):68 - 83. |
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