The Association between Analysts’ Forecast Revision and Management Earnings Forecast from Firms in the Supply Chain
博士 === 國立政治大學 === 會計研究所 === 102 === This dissertation examines whether the analysts’ forecast behavior is associated with management earnings forecast from relative downstream firms in the supply chain. Intuitively, information transfers are more likely to occur between economically related firms, s...
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| Format: | Others |
| Language: | en_US |
| Online Access: | http://ndltd.ncl.edu.tw/handle/86761767814089132466 |
| Summary: | 博士 === 國立政治大學 === 會計研究所 === 102 === This dissertation examines whether the analysts’ forecast behavior is associated with management earnings forecast from relative downstream firms in the supply chain. Intuitively, information transfers are more likely to occur between economically related firms, such as firms in the same industry and firms along the supply chain. This study attempts to fill the void in the literature by examining the potential vertical information transfer along the supply chain facilitates financial analysts in making earnings forecasts. My research results indicate that the management forecast information transfer vertically along the supply chain. I further show that the vertical information transfer is more pronounced as the economic bond between the customer-supplier pairs become stronger and less pronounced as the echelon distance between the customer-supplier pairs goes far. I also indicate that the economic bond between the customer-supplier pairs reduce the impact of echelon distance between the customer-supplier pairs on the vertical information transfer.
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