Does the market reward meeting or beating analyst earnings forecasts? Empirical evidence from China

Does the market reward meeting or beating analyst earnings forecasts? Empirical evidence from China

Using a sample of 9,898 firm-year observations from 1,821 unique Chinese listed firms over the period from 2004 to 2019, this study aims to investigate whether the market rewards meeting or beating analyst earnings expectations (MBE). The authors use an event study methodology to capture market r...

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Bibliographic Details
Main Authors: Guqiang Luo, Kun Tracy Wang, Yue Wu
Format: Article
Language:English
Published: Emerald Publishing 2023-06-01
Series:China Accounting and Finance Review
Subjects:
analyst forecast
meeting or beating expectations
market reaction
earnings management
emerging market
china
Online Access:https://www.emerald.com/insight/content/doi/10.1108/CAFR-06-2022-0069/full/html

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https://www.emerald.com/insight/content/doi/10.1108/CAFR-06-2022-0069/full/html

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