Confucian culture and analysts ' earnings forecast accuracy

被引：2
|
作者：
Zhao, Yue [1 ]
Li, Lixin [2 ]
机构：
[1] Liaoning Normal Univ, Sch Chinese Language & Literature, Dalian 116021, Peoples R China
[2] Shandong Univ, Sch Foreign Languages & Literature, Jinan 250100, Shandong, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2024年 / 65卷
关键词：
Confucian culture; Forecast accuracy;
D O I：
10.1016/j.frl.2024.105589
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This article's findings reveal that Confucian culture enhances the precision of analysts' earnings forecasts. Tests for heterogeneity demonstrate that in private enterprises and more marketized samples, Confucian culture's governance impact is more significant. This study offers empirical support for the notion that Confucian culture serves as a vital external oversight mechanism for businesses.
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页数：5
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