The Relationship between Market Power and Analysts' Earnings Forecast
碩士 === 國立彰化師範大學 === 商業教育學系 === 100 === This study sets up to establish the relationship between two dimensions of market power and analysts’ earnings forecast. This study presents how the product pricing power and the degree of industry concentration affect company listed on the TSE after compulsory...
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| Format: | Others |
| Language: | zh-TW |
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2012
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| Online Access: | http://ndltd.ncl.edu.tw/handle/55615948627983085411 |
| Summary: | 碩士 === 國立彰化師範大學 === 商業教育學系 === 100 === This study sets up to establish the relationship between two dimensions of market power and analysts’ earnings forecast. This study presents how the product pricing power and the degree of industry concentration affect company listed on the TSE after compulsory financial forecast exposition system abolished on January 2005.The empirical results reveal that product market pricing power and the degree of industry concentration are strong positive determinations of analysts’ earnings forecast accuracy. Even though the findings can not interpret the link between market power and analysts’ earnings forecast optimism bias, the forecast optimism bias refers to firm size, analyst following and horizon.
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