Do natural disasters hinder analysts’ information production of non-affected firms?

Qilin Wang, Yehua Huang, Mengyao Zhao and Jinzhao Liu

Economics Letters, 2024, vol. 234, issue C

Abstract: This paper demonstrates that natural disasters increase analyst forecast bias on non-affected firms through attention distraction. The results hold in robustness checks, and the impact is enhanced in firms with worse information environment and analysts with poorer attention management capability.

Keywords: Natural disaster; Spillover effect; Distraction; Analyst forecast bias (search for similar items in EconPapers)
JEL-codes: G30 M21 M41 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176523005372
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:234:y:2024:i:c:s0165176523005372

DOI: 10.1016/j.econlet.2023.111511

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().