Media sentiment and management earnings forecasts: Evidence from China

Tianhao Chen, Peng-Chia Chiu and Yiqian Wang

Finance Research Letters, 2024, vol. 60, issue C

Abstract: In this study, we investigate the relationship between news media sentiment and management earnings forecasts. Using A-share listed companies in China from 2007 to 2022, we find a negative relationship between media sentiment and the propensity of firms to issue management earnings forecasts. We also find that media sentiment is associated with the precision and accuracy of these forecasts. Overall, our study offers new insights into the underlying motivations and the quality of management earnings forecasts.

Keywords: News media sentiment; Voluntary disclosure; Management earnings forecasts; China (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:60:y:2024:i:c:s1544612323012370

DOI: 10.1016/j.frl.2023.104865

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