The effect of financialization on management earnings forecasts

被引：2

作者：

Wu, Yuyu ^{[1
]}

Li, Sihao ^{[1
]}

Cao, Zhi ^{[1
]}

机构：

[1] Zhongnan Univ Econ & Law, Sch Accounting & Finance, Wuhan 430073, Hubei, Peoples R China

来源：

APPLIED ECONOMICS LETTERS | 2022年 / 29卷 / 16期

关键词：

Financialization; management earnings forecasts; earnings uncertainty; China;

D O I：

10.1080/13504851.2021.1937494

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We examine the effect of financialization on management earnings forecasts. Using a sample of Chinese main board listed companies over 8 years, we find that financialization decreases the probability and frequency of issuing management earnings forecasts. The results imply that financialization impedes firms' information disclosure and may negatively affect their long-term performance.

引用

页码：1466 / 1469

页数：4

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