Group-Affiliated Analysts' Strategic Forecasts During a Year: Evidence from Korea

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dc.contributor.authorKwak, Byungjinko
dc.contributor.authorMo, Kyoungwonko
dc.date.accessioned2018-10-19T00:53:41Z-
dc.date.available2018-10-19T00:53:41Z-
dc.date.created2018-10-15-
dc.date.created2018-10-15-
dc.date.created2018-10-15-
dc.date.created2018-10-15-
dc.date.issued2019-01-
dc.identifier.citationEMERGING MARKETS FINANCE AND TRADE, v.55, no.1, pp.59 - 77-
dc.identifier.issn1540-496X-
dc.identifier.urihttp://hdl.handle.net/10203/246209-
dc.description.abstractIn examining the family-controlled business groups in Korea, prior literature shows that group-affiliated analysts' forecasts are optimistically biased. This article investigates whether the group-affiliated analysts strategically time the level of accuracy and bias in their forecasts for the same group-affiliated firms due to the change in information asymmetry in the market. The results show that the group-affiliated analysts issue more accurate and less optimistic earnings forecasts for the affiliated firms when the level of information asymmetry is low; particularly, in April, which is right after annual earnings announcements.-
dc.languageEnglish-
dc.publisherROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD-
dc.titleGroup-Affiliated Analysts' Strategic Forecasts During a Year: Evidence from Korea-
dc.typeArticle-
dc.identifier.wosid000446108700005-
dc.identifier.scopusid2-s2.0-85053325482-
dc.type.rimsART-
dc.citation.volume55-
dc.citation.issue1-
dc.citation.beginningpage59-
dc.citation.endingpage77-
dc.citation.publicationnameEMERGING MARKETS FINANCE AND TRADE-
dc.identifier.doi10.1080/1540496X.2018.1505611-
dc.contributor.localauthorKwak, Byungjin-
dc.contributor.nonIdAuthorMo, Kyoungwon-
dc.description.isOpenAccessN-
dc.type.journalArticleArticle-
dc.subject.keywordAuthoraffiliated analysts-
dc.subject.keywordAuthorforecast accuracy-
dc.subject.keywordAuthorforecast optimism-
dc.subject.keywordAuthorindependent analysts-
dc.subject.keywordAuthorinformation asymmetry-
dc.subject.keywordAuthorM4-
dc.subject.keywordAuthorG14-
dc.subject.keywordAuthorG24-
dc.subject.keywordPlusEARNINGS FORECASTS-
dc.subject.keywordPlusINVESTMENT BANKING-
dc.subject.keywordPlusOF-INTEREST-
dc.subject.keywordPlusDISCLOSURE-
dc.subject.keywordPlusINFORMATION-
dc.subject.keywordPlusRECOMMENDATIONS-
dc.subject.keywordPlusMARKET-
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