Common institutional ownership and analyst earnings forecasts

被引：0

作者：

Wang, Jiachen ^{[1
]}

Tian, Xinmin ^{[1
]}

Ma, Xiaoyue ^{[2
]}

机构：

[1] Capital Univ Econ & Business, Sch Econ, Beijing 100070, Peoples R China

[2] China Trade News, Beijing 100028, Peoples R China

来源：

INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | 2024年 / 96卷

关键词：

Common institutional ownership; Analyst earnings forecasts; Peer group power; Mediating effect; Moderating effect;

D O I：

10.1016/j.iref.2024.103522

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This research investigates the impact of shared institutional ownership on the accuracy of analysts' predictions. Drawing from theoretical frameworks, we have formulated and empirically tested our research hypotheses. The results indicate a negative correlation between shared institutional ownership and the precision of analysts' forecasts. Additionally, peer pressure has been found to mediate this relationship. Furthermore, ownership type has been identified as an intermediary factor, with state-owned enterprises exhibiting a more significant negative effect.

引用

页数：8

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