277th Seminar

Time/时间:4月22日 10:00-11:30

Venue/地点:Room 501, Jiageng Building 2/嘉庚二号楼501教室

Topic/题目: Shared Analyst Coverage: Natural Disaster and Analyst Forecast



Abstract/摘要:We examine how the effects of natural disaster spillover through shared analyst coverage. Using a large US sell-side analysts’ earnings forecast data spanning from 1993 to 2016, we find that analysts who follow disaster-stricken firms issue more inaccurate forecasts towards unaffected peer firms. We also show that the positive association is attenuated when an analyst gains more experience, but strengthens when the peer firm is riskier. Overall, our findings provide evidence on both the limited attention hypothesis and the perceived risk hypothesis.

About the Speaker/报告人简介:陈晓琦,博士毕业于香港理工大学,现任厦门大学财务管理与会计研究院助理教授,其研究方向包括行为金融学、公司治理、薪酬、性别不平等等。研究成果发表在国际知名学术期刊Corporate Governance: An International Review、Journal of Accounting Auditing & Finance、Journal of International Accounting Research、Energy Economics、Finance Research Letters等。